little early to close the pl deal as done...dheck the post when blackstone was announced and stock ran to near 6....good short as it turned out.....not to mention a good return for blackstone 22mil....now we have pl with an easy out re lawsuit issue...no incentive for lawsuits to be settled..unless that incentive is pzn is generous to lawsuits...because they are desperate to close pl...no bigman will keep my one year guess 4 to 5 upside 0 downside...would not touch this as we know no more about the real financial problems of co than we did when the stock looked good at 20 ..15...10...5 ....3....and next 2...
You supposedly made your killing here already and have no interest in buying any PZN at these "on firesale" prices so why do you care?
We will know soon whether PZN triples in share price (my prediction) or goes under (your prediction).
Given your stupid reply that you know a seller at $2 1/2 when the bid is $2 3/4 shows you are purposely trying to scare longs into liquidating positions. Fine. Maybe there is a seller today. Probably someone who needs to sell due to index change. Big deal. Stock is a buy here.
I ask again...why do you care at all? You are not long. Maybe you are a shorter and trying to scare longs???????????
You grossed up the assets but you didn't gross up the beds. PZN owns about 44K finished beds. If you say 15K are under construction that would produce a total of 59K against your estimated $2.5 bn in assets.
""Fairly valued assets "" I would not claim that. PZN prisons were "stepped up" at the time of the merger. The value of the prisons were based on the new 40% lease rates that OPCO was to sign with them. CPV values it's prisons about $35k per bed, PZN is almost double that....or at least was. I believe newMK mentioned the cost basis will not change in the new structure again.