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Corrections Corporation of America Message Board

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  • pkn4mom pkn4mom Jul 6, 2000 12:31 PM Flag

    Good Grief....

    I bought on the federal contract news. I'm not
    sure PL ever intended to see its deal through, and
    none of the news related to PL or Blackstone (+ or-)
    has had the impact the contract news did. Occupancy
    rates will utlimately make or break PZN, IMO. For now
    I'm gambling that the economic and political climate
    is in PZN's favor. Maybe I wouldn't have bought more
    PZN if I thought the techs were going to behave near
    term, but those get-rich-quick opportunities seem to be
    at least temporarily suspended. Between some trading
    and the averaging down, my PZN cost basis is well
    under 10 and will be pretty darn comfortable IF I get
    anything out of the '99 REIT dividend share payout. This
    stock has become a game. Fortunately I recouped my
    capital in other investments--gotta just look at the big
    picture. PZNs prospects over the next 12 months look as
    good as anything else--and, ironically, I worry less
    about this one losing value than some of my other
    holdings.

 
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