The last buy for PZN was for 15000 shares and
raised the share price by 1/8. It is also getting pretty
late in the year for tax selling and it seems
reasonable to believe that PZN will make some kind of
annoucement by 12/15. Given these facts does it seem
reasonable to any of you to purchase now, or do you think
the stock will continue to decline indefinately? I
would appreciate your input especially RP and
By buying now, you are trying to guess what is
going to happen with the next announcement.
bet when the press release comes out, the price of
PZN will rise or drop by $1.00 within minutes or, if
done after hours which is most likely, on the next
So now... how you gonna bet? Red or
NHY/RP- I have no idea what will happen to either
PZN or its management, so I will wait. While I have
your attention I would appreciate your view on several
1. Why is PZN building up in the near term
despite occupancy problems? Is this long term thinking on
the part of management to gain market share?
What was their initial motivation for becoming a REIT?
It seems to have created problems for them.
Back in May they did not tell anyone about problems
with CCA, which then became apparant in one of their
reports. Was this delibrate or just accidental?
seems that they can help their business by delaying
this year's divendends until next year, although this
might depress the stock price. Is this your
5. What to you think of Doc? Is he out of his league
or is this a temporary set back for him? The views
of this board are really mixed.
analysts still rate PZN a strong buy. Do you take them
With the usual caveats...I'd be very cautious
trying to out-think this situation. I agree that
normally, especially over the past few years, the "January
effect" has started happenning in December. While I don't
have any feel for how low it could go this year, I
don't believe it will start rising until there is a
concrete announcement. Of course that assumes the
announcement is positive. This is not a normal situation, even
for a distressed stock. There are way too many
unknowns out there.
Through reinvestment of
dividends at low prices, I probably lowered my cost basis
to $19. Then I purchased more at $13.5 lowering my
basis to about $16. I have the cash to lower my basis
almost to the current price but I have not bought
another share since the 13.5 and I'm honestly not even
tempted. I was tempted at 9,8 and 7 but not now. I'm
waiting this one out until the smoke clears.
way I'm looking at it now, if we get a positive
announcement which pushes the stock up from where it is now to
$8 or even $9 on a single day, what have you really
missed by waiting? If the story turns out to be OK, $8
or $9 will be a good entry point. On the other hand,
I believe that if Doc doesn't make any announcement
this year, we could easily be at $5.
poster mentioned something that implied Doc might wait
on an announcement to drive the stock lower so that
management would get favorable pricing on options. Given
what's transpired so far, I wouldn't put it past him at
I suppose I'm in the camp that says Doc didn't
intentionally create the mess we're in - he has too much to
lose. But, he is human and like everyone else he's
looking out for number #1 and #2(jr). Time will tell.
RP or anyone else,
I know DRIP info has
been posted on this board before, but I couldn't find
it. Does anyone know exactly how you get
Would I contact PZN or my broker about enrolling in a
Should I try PZN investor relations, or is no one
getting any response from them about anything at this
Thanks in advance for any info anyone can provide.
the message read "the group will get options
based on the current price"...I did not mention that he
was driving the price down on purpose...that would be
to evil a conscious act for them to do...It really
has more to do with..stupidity,bad
timing,poormanagement,poor advisors,god complex and then theirs Jr. nuff
said,I'm going to dinner!
PS most of you folks are
really terrif..sometimes it's like a good soap..every
emotion from soup to nuts..although for most of us ,its
to bad that WPZN is a comedy show.