The State is hiring Correctional Officers at better benefits, better pay.just come from applying.May be a futher driver for a whil, but the benefits, and pay will make up the diference.
I don't post often but try to read all the posts.
The tone of many familiar names seems to drip with
fear; even a little panic. I'm in for quite a few
shares that I thought I was smart buying, on the advice
of many of you who I considered above average
investors. Shows to go you, when you follow
First, PZN is NOT a REIT; they are a corp. like every
other one. Corporations that make money hand over fist
don't go bankrupt, especially when they have valuable
assets that can be liquidated. That's the first and most
important fact that I don't see addressed.
which is designed to save management first and
foremost, is totally dumb. The "white knight" gets the
castle and all the nubile princesses for his heroic act.
We lay prostrate at his feet in gratitude. This is
pure Bullsh*t, plain and simple. I've never seen such
crap and more dishonesty in one place. I suspect, with
good reason, some of the aliases posting
Let's vote this insane option down the tubes, and have
a little courage. Hopefully, the bastards don't
have the votes, but usually they have them before they
bother to try. No one has been honest with us before
this; why should we believe this is an
institutions usually have charters just like
funds that specify what stocks they can buy and usually
they are not under 5 or 10 bucks and this is
definitely not on the list of things to buy
yourself that tho
just like the dividend is coming the
dividend is coming
How much lower? That is a question that has
haunted us all. Good news, we only have 4+ dollars to
give up. The upside opportunity is greater than the
downside risk. I suspect we will hold these levels, might
make a run down to 4 to 3.75 area.
Up until now we have had a limited look into
OPCO. Gross and net numbers, not a real look at the
breakdown of revenue and costs being a private company. We
will see in the new proxy a look at maybe what's
really been going on.
FWIW I have noticed fairly
good bids for a while now(unlike at $5-$9 range).
Professional buyers just sitting at the bid, buying as sellers
come in. At $4 some awfully big institutions can get a
decent chunk of stock for small dollars in the world's
largest private prison company.
Technically we are
floating with no past low to support things. This is not
good. It usually means a low has to be established with
volume as sellers exhaust themselves. Hard to see this
stock could experience any more of that, but them is
usually the rules.
One thing a continued sell off
would do is make the new preferred less favored by the
arbs and give the investment community a chance at it.
At $4.25 a 25% premium puts the new preferred out of
radar range at $5.66 conversion price. Right now the
preferred would be trading at a 35% premium, might happen
but weakly I would assume. With the old preferred at
15.50%, it might possibly drop further if the new
preferred trades badly. If the new preferred drops to a 25%
premium that puts a 13.70% yield on it. No way the old
preferred will hang at these levels if that happens,
The other problem with a $4 stock price is the margin
problem. Arbs wishing to hedge out risk by shorting the
common must put up 100% of the short credit to put the
trade on. Marginable stocks of course need only 50%.
Putting up 100% increases the cost to the arb community,
thus requiring a larger spread then otherwise
required. I become wary of the old preferred on a short