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Corrections Corporation of America Message Board

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  • newMK newMK Jan 19, 2000 4:39 PM Flag

    Dividend rate for 2000?

    You've gone off the deep end. Not without
    justification, of course, but life must go on.
    Whatever
    chance this thing had of remaining a REIT disappeared in
    May (but even that belies the fact that it never
    should have tried to be a REIT). The further travesty is
    that they didn't deal with it then.

    Your
    heated retort that management can't "roll everything
    into a C Corp anyway" is misplaced. You're right, the
    shareholders have to vote on a merger. But for 1999 PZN is not
    a REIT. They didn't qualify. Sue 'em if you want,
    but that's a fact. I guess they could try again for
    2000, but it's hard to qualify when you can't pay the
    dividends.

    Sodexho and Baron are the only ones who are being made
    whole at OPCO. I don't have a problem with that, as
    they lost plenty on their PZN holdings. they were more
    like lenders, putting the money into OPCO to get the
    deal done (Doc, at the time, could be very
    persuasive).

    I agree with you on the "early" capital - this
    capital is very late.

    I still don't know of any
    stockholders or management who are lining their pockets in the
    Blackstone deal.

    You're not Jeff Tannenbaum, are
    you?

 
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