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Corrections Corporation of America Message Board

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  • newMK newMK Oct 23, 1999 10:39 AM Flag

    badly broken

    PZN didn't have a choice on the OPCO fees. IRS
    requires them to be capitalized. The market, however
    (Litt, Cleo and all the anlaysts who follow(ed) PZN) did
    NOT capitalize them in their models. Ultimately, as I
    mentioned recently to NHY, the world views this as one
    company. The irony is that that's how Doc wanted it, and
    that's how he structured it to operate.

    Yet at
    the same time, he wanted OPCO to be invisible, and
    for PZN to be judged as a realestate company.
    Ultimately, he couldn't have both. A little too fancy for the

    What a tangled web we weave...

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