1 DREMAN VALUE MANAGEMENT, L.L.C. 09/30/99
11,020,060
2 SCUDDER KEMPER INVESTMENTS, INC. 09/30/99
7,095,325
3 PACIFIC LIFE INSURANCE COMPANY 09/30/99
5,023,346
4 BARCLAYS BANK PLC 09/30/99 1,980,555
5
FIRST PACIFIC ADVISORS, INC 09/30/99 1,500,000
6
ABKB/LA SALLE SECURITIES 12/31/98 1,458,600
7 BAMCO
INC. 09/30/99 1,409,012
8 CULLEN/FROST BANKERS,
INC 06/30/99 1,220,444
9 GILDER, GAGNON, HOWE &
CO. 09/30/99 1,155,123
10 VANGUARD GROUP, INC.
(THE) 09/30/99 1,121,911
I once posted something about Hutto's connection
to the ACA and got a response from him. Just goes to
show that insiders are here and spreading the PZN/CCA
gospel. PZN is not alone in its quest to reach new depths
- other corrections companies are also taking a
hit. Its already an unfashionable stock and then you
have the conflicts of interest and lack of integrity.
Maybe Doc can sell the rights of this story to
Hollywierd and get stockholders some of their money back.
lol
PZN is priced today at CCA 1995 price. As you
seem to know CCCA-PZN well, you are aware of that, if
noone else is.
Over its live PZN is making news
lows weekly, to be at its lowest point today. No
bottom yet.
CCA became speculative 3 years ago
before crashing on REIT news. This tells me that RIET is
down because there is no story there. REIT could be
dead issues. Nobody wants them.
Now I
understand long term. If you look at it for 5 years, which
is long term to me, PZN has lost you a lot of money
on inflation. If you want to be in it 10 years from
now, be my guest, that is your money....
I
bought CCA 2 years ago, got screwed because I did not
want a REIT (voted against). Stuck with it because
many here, like cleo and Al. said it was a FANSTASTIC
deal and would make this company the next powerhouse.
I figured I was wrong... I guess now I wasnt. My
main problem was conflict of interests.
Now you
guys, having blessed that screwey deal, are telling me
how good of a deal this stock is long
term???!!!
Well, the price chart of the past 5 years of CCA and
PZN and the past jugdgments of long termers on this
board speak for themselves.
You are right: I do
not know a lot about prisons and I do not have
factual info about wall street traders but I keep an open
mind and have eyes to see and recognize a stock that
is done. And I am taking my $40K loss next week
before dividend hoping for a spike in price and before
it turns into a $50K loss by next year.
May
be $5 is the real stable price of that REIT.
You have no substance behind claims.
Market
is selling REITS to extremes just as
they are
buying techs to extremes.
Look at KIDS or WHC,
same industry, same crash
in stock
price.
PZN is a 10 year hold. That is the way to look
at
it when buying. Day to day moves will make
you
sick.
Is company done?????
IR is not replying to me...they suck.
Where did you ever get the idea that the price of a stock had any bearing on bankruptcy? Bankruptcy comes from not being able to pay your bills, not from investors not wanting to own your stock.
As that number slowly increases the past damage
starts to fade.
I watch this stock trade along
with hosts of others too. IMO, this stock is trading
lower due to tax loss selling, not an organized effort
by some institution unloading stock.
From the
3-4 analyst's I've talked too, you won't see anymore
opinion changes out of them for sometime. They have a lot
of egg on their faces with their sales staff on PZN.
Anyone that owns this for clients knows exactly what
their feeling I'm sure.
I think this stock price
has discounted an AWFUL lot. But it doesn't mean that
it can't go lower due to the HUGE overhead of stock.
From a trend analysis standpoint, this stock will next
to "base" for a long time before any powerful,
sustained move to the upside is made, it makes common
sense, IMO. There are sellers at a lot of levels
above.
If this story inproves there will plenty of times to
get back in, IMO. MAybe not at the exact bottom (that
thing in our ego that costs us all so much) but
certainly at a time with plenty of upside left I'd think.
in my message 8492? I predicted a year end at $6
based on the fact that the stock tank with
predictability $1 each 2 weeks. When I posted last week we were
the 2nd week at $8.
This week we are moving to
$7 by 12/15. That leave us 15 day to $6 by Dec
31.
Don't ask me why this is. Just look at the chart,. It
is a fact. WE got a crashing plane noone can sterr
while I still see over optimistic posts looking at
details that may become irrelevant soon. My predictions,
like the handling of the company makes no
sense.
That puts this stock in LA-LA land... I'd rather
invest in Yahoo at $300, much less risk there than
here.... You people must realize that this stock has
stopped trading on rationales or "tax loss". Good stocks
with fundamentals dont go down just on "tax losses".
For what I see, they may not even come up with any
dividends. Management lied before.
Professional
investors are just throwing the towel and moving elsewhere
because they cant see another way out to recoupe the
losses. Nothing reliable to graps.
Never thought in a million years that PZN
would
tumble this low. Isn't there any value to
future
business? They do have a credit line
available.
Am I missing something or is PZN dead?
This was a response to me on your question from
you know who:""He both states, and calculates, that
to get a combined OPCO/PZN earnings number the
capitalized fees paid to OPCO have to be expense, because
OPCO "recognized" them as income. WRONG! OPCO
capitlized them, too. Thus in Haley's model they are
deducted twice - once in OPCO's loss, and then again when
he subtracted them.""
It sure looks like bankruptcy looms.
Any thoughts>?