I have checked with the product manager for our value equity funds and they are still bullish on Prison Realty Trust. They do expect it to pay a dividend this calendar year and next.
SEE MY COMMENTS UNDERNEATH MY QUESTION TO THEM.
<<<<Given current price action on PZN (Prison Realty) are you still bullish on it? Do you see them paying their dividends next year?
Thanks for reply in advance/>>>>>>>>>>
WELL THAT MAKES ME FEEL BETTER. I HAVE TO BELIEVE THAT A COMPANY THAT OWNS 13,000,000+ SHARES IS IN CONTACT WITH PZN MANAGEMENT ON A RATHER REGULAR BASIS. I THINK BUYING HERE FOR THE INEVITABLE $3-5 SPIKE IN PRICE IS A SMART MOVE. HELP US RECOUP SOME OF THE LOSSES WE HAVE ON PAPER.
Reitmaster_98, with all due respect, if that's the type of questions you are asking when you call these companies, you are simply wasting your time. Such open ended questions can be answered with any spin the company wants to place on them. Next time you contact a company, write down 5 specific questions that will give you the information you desire.
Your questions were more like asking how are things going. Oh... just fine.
Remind to sell my Kemper Funds..."They do expect it to pay a dividend this calendar year and next".
Reitmaster_98...please slow down on throwing money in here, you sound like a nice person that has a lot of your assets in here already. Even the best have been wrong here and things are out of control, invest with your head not you heart. If this company comes back strong I'm sure you'll do well, don't epect to do it all in one night. I've lost over 6 figures in realized losses with little chance of getting it back because I sold a lot last summer and have not bought back. Sure I'd like to make it all back but this situation is very speculative now and I don't want to gamble that size money. Sometimes you just have to "let it be".