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Corrections Corporation of America Message Board

  • Larry8888nyc Larry8888nyc Apr 11, 2000 2:44 PM Flag

    lawsuits ???????

    Most of the actions have no merit if PL comes in
    and continues as a get your
    where's your claim. IMHO I don't think the actions have
    any legs left to them.
    PZN is a screaming buy at
    this price(providing)
    that the needed changes are
    made to management
    and to the business plan. PL or
    anyone coming in to take the reins WILL make those
    changes to insure success. Which leads me to firmly
    believe that Doc and Jr.are history...and eventually the
    balance of BOD.

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    • There is also a class action suit that claims
      shareholder loss due to becoming a REIT. This one has the
      potential to be more troublesome, especially if de-reiting
      causes an appreciable difference in the stock price.
      Still, it seems that any company that suffers a price
      decline these days will have a class action suit pending.
      It would be good to get it all settled so that PZN
      can move on without the baggage.

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