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Corrections Corporation of America Message Board

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  • newMK newMK Dec 21, 1999 6:07 PM Flag

    Flipper 2

    OPCO has publicly confessed that it doesn't have
    sufficient cash to meet its obligations. What value would
    you give it?

    PZN is OPCO's biggest creditor,
    with $134MM owed to PZN by OPCO for management
    contracts OPCO acquired as a result of the merger.


    Nonetheless, Baron and Sodexho, the only shareholders who put
    cash in OPCO, are also influential shareholders of
    PZN. Nothing involuntary is likely to happen.

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    • AND
      here is the reply.........

      Dear
      Tim:

      Thank you for your message to Kemper Funds!

      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.

      THATS IT
      REITMASTER

      • 4 Replies to Reitmaster_98
      • Who were you contacting at kemper. Anybody's heard about "product manager" position at a mutual fund??

      • 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.

        Just trying to help.

      • You have been persistent in your search for info. We will have answer soon. I talked to Kerry today and as reported on this board PZN
        must declare the final dividend by 12/31/99.

      • 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".

 
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