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Corrections Corporation of America Message Board

  • fundamentals fundamentals Nov 5, 1999 2:52 PM Flag

    Great Value

    This is a ten dollar stock that pays a dividend
    of $2.20 annually. There is going to be a special
    dividend of about $1.50 at the end of this year that may
    be paid in cash, which PZN would have to borrow, or
    stock. After that, they may cut the dividend back as far
    as $1.60 per year. At that point, you would be
    receiving a solid 16% dividend yield from a dominant
    company in a fast growing industry that may see
    substantial capital appreciation. What is really bad about
    this company besides the history?

18.14+0.14(+0.78%)Aug 25 4:00 PMEDT