I have been monitoring the stock for a while. The
numbers seem to point to an upturn. Making it a Buy. Yet,
the stock price seems to scream "Beware". There seems
to be nothing but negative press from the industry.
Based on the limited research I have done, seems that
most States have began to turn away from
privitazation? You experts give me your thoughts in laymans
Thanks in advance
Hoplessly lost in
For a REIT on steroids, this beast has really
taken the gas. According to flipper's hyperlink source,
PZN revenues fell to $287 mil (about two bucks a
share?). Revenues reflect the loss of "management revenue"
(OPCO), but we were assured that these funds would be
passed through to PZN in lease payments. Net loss
includes $76 mil "impairment loss" and a $65.7 mil
writeoff charge. Where, oh where, has the money gone? To
money heaven, or into someone's pocket? One advantage
of the merger is that OPCO's books get opened, then
we may be able to find the pea.
I have every reason to be angry. I've lost what
would be a life savings for most in PZN. Are Tom
Beasley and Doc Crants idiots, of course not. The REIT
merger was great on paper and I'm not sure most
understood it, that was part of the problem. Of course the
valuations were screwed up..they were valued with 40% lease
rates and inflated to meet tax laws. The POINT of this
whole thing was a tax game to appease income investors.
This was all was clear months after the
The problems surfaced when Doc failed to talk and
explain about the occupancy problems,IMO.
Pacific Life takes over. That is not going to
happen until lawsuits against the company are settled.
This is a speculative buy, based on a new injection of
cash by Pacific Life and those of us who hold stock,
and others, buying rights that will be issued if
Pacific Life does take over.
I would advise you to
researh the history and track record of CCA before it's
merger with PZN. Also, you can get trends and opinions
from the ACA and the Federal Bureau of Prisons on
privatization. My advice to you would be to continue to watch
the stock and learn more about privatization. I think
if you have at least a 5 year horizon, you can make
some money after the company is reorganized. If you
are a day trader, or looking for a quick buck you
will never be happy with this stock, IMHO
What A Joke This Stock Is.
I bought in at 3
and sold at 3 ...
Guess I was one of the lucky
If I had any Shares Of this Stock ,,
dump NOW !
There is No Way This Baby is ever going
Move Back Up To 3 in the next 6
((((( Just My Thoughts )))))
Only reason they are not being
that the governments cover it up as to
awful they truly are.
Your typical government
employee is lazy,
useless and does about 1/4 of the
of your private sector employee.
employees are the laziest of any
go to a DMV office? They go on break
even if the
line is super long.
It takes them 15 mins to
make one copy.
So enough BS about goverment
run prisons being
better. THEY AREN'T. END OF
PZN would have been in great shape if it
for corrupt management.