Even if the dividend is only $.40. Meaning they
treated all of this years dividends as special, they
would still pay out $.40 of the special. Then, each of
the quarters in next year would have at least $.55.
Am I right here? This is what I see from all of the
posts. As such, I'd get a 6% return in 2 weeks. Not bad.
Then, next year I'd get a 33% return. Even if they
converted to a C-corp or were bought out, the current stock
price of $6.5 is less than book value. So, it appears
to be as safe as a mortgage security.
The remaining E&P is only $.20 share and there
will be NO ANNOUNCEMENTS UNTIL NEXT WEEK. At that time
I hope they will produce a release that offers
complete explaination along with complete disclosure. I
mean it will answer all our questions.
Spoke to PZN .Declining stock price may have
delayed closing SI deal.If company goes back
corp it will have a positive cash flow.
is looking for more beds.Federal
Prisions will seek 7,000 more beds
next fall. Nobody is
building beds due to lack
of funds this will bring
to 95% or more.Calif City has a
US Marshalls inmates arrive at 40 per
is temporary as they want to save these beds for
Federal bid which is due next year.
They will not
go bankrupt and would dereit first.Problem with
dereiting is redoing leases.
Long term there is a
need for more beds as states won't spend money and
such as PZN can't raise funds to
PZN is trading like it is going under. Lack
info from company when dividend date was here
not good. Prison contracts are being lost.
has negative shareholder equity, PZN
suspend dividends. How much time
does this company
p.s. how can
management let stock tumble without a reply?