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Corrections Corporation of America Message Board

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  • newMK newMK Nov 24, 1999 4:39 PM Flag

    Quick check again on the numbers

    OK, I give up. Trying to figure out a combined
    OPCO/PZN is too frustrating. Chris Haley has me really
    depressed. So keep the f***ing REIT. Just pay me (and
    everyone else) the rest of the regular and special
    dividends before 12/31 and get it over with. Forget the SI.
    Pay the divs with debentures off the shelf ($200MM
    left). I'll take 'em at 12%, knowing they can't get
    diluted no matter what happens down the road (assuming no
    BK or foreclosures by senior debt holders). But they
    look safer than stock, and more likely than
    cash.

    Does anyone know why they can't do that? NHY? Anyone?

 
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