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Corrections Corporation of America Message Board

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  • newMK newMK Nov 23, 1999 3:51 PM Flag

    Quick check again on the numbers

    PZN took a charge (expense) of $80MM, or
    something like that, in Q1 to write off deferred taxes upon
    "becoming" a REIT. It really distorts the "net income" of
    PZN.

    Seems like you'd be better off coming up with an
    "operating" number, if possible.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • EBT 1st-$61.8 2nd=$60.4 3rd=$48.1= $9mm loan fee,
      4th=$57 (est)= total of $236mm earning before taxes and
      before the $80mm charge in the first quarter...(Thus
      $236mm(PZN EBT)- $112mm OPCO annualized=$124mm x 40% for
      taxes ($50mm)=$69mm/119mm shares= or $.60/share...15
      P/E, right in line with WHC's 13 P/E.

      I assume
      Chris has upped the interest expense and dilution
      factor in his 00' numbers/ I don't know. Tucson Investor
      I'll try to get the full report.

 
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