IMO, this crisis will be worked out � that�s my prediction. PZN is in this crisis primarily because of poor management, bad timing, and overextension. Pacific Life will work out a deal that will bail PZN out. PZN is in an industry whose future is bright � demand far exceeds supply in the prison privatization industry � that is the big, big picture that the number crunchers overlook. There is money to be made in this industry and PZN is the biggest player and has the name recognition � they are not a young upstart tech company just entering the field. That is to say, there is money to be made in this industry if only PZN had better and more effective management. And, IMO, it is this kind of thinking that prompted Pacific Life (and Blackstone) to step up to the table, so to speak. The same thing is true for the banks��it is in their better interest to have PZN survive because of the future business they [the banks] can get as a result�..for all the parties involved in this crisis (Pacific Life, Blackstone, the banks) there is more potential for money to be made by them if PZN survives than if it goes under, given the very positive outlook for the industry.
not short...know alot about co.....from time to time several people have posted asking for me....yes..i feel great getting out at 30..no my intent is not to save you from a downturn as i believe its 50 50 as to does this stock bk or double...thou i do not think it will bk..but believe industry is not what it was...building new prison not happening...with this economy so strong less reason for govt to go private as you have this constant dumbeat of unions, newspapers, and politians against what you do....best environment is behind us....as to why so many post today just responding to the herbman...always good to see both sides...as so many lost so much as the stock crashed and burned 5 different times...i have been posting and bullish as i rode from 4 to 44 and averaged alittle under 30....only comment that so many only see the upside...for those long time poster remember all the post that thought buyin on dips at 30 was a greAt opportunity...people bragging when they bought at 20 and the stock was 22...hell i bought a ton off stock a few months ago at 11 and thought i made the deal of the century...for some odd reason i sold at 10 and lost little with my dividend....but then that was posted months ago...ask the paperman or flipper they know i have been here for yers with major positions...my advice to you is do not read my post but others have asked for me...perhaps they want thoughts from someone who was lucky and or right
You claim to have no stocks long in PZN, but your posts continue to be very negative about this stock. If you sold 90% of your stock at 30, you should be feeling good about your profits. What is your intent now? To save us from a downturn? Too late. I think there is a real opportunity here and am long for a large investment (for me). If you have no money on the table, give us a break, if you are short have the guts to say so.
It is important to point out that the accountants' statement about having "substantial doubts" about PZN and CCA's financial solvency was made within the context of assuming that no special investor would be found to step in to bail out PZN. As all posters know, Pacific Life and Blackstone are "special investors" who have expressed an interest working out a deal.