Either investors can't take good news or this
message board is being used to drive stk prices down. The
PZN picture is not perfect, however, analysts project
'99 earnings $2.34 & 2000 earnings at 2.36. They also
project a 5yr growth rate of 11.6% about 25% higher than
the REIT industry. Liquidity problem is minor in the
long-term scheme of things.
3Q results were about $0.55
with 4,056 new beds under contract. Announcement that
Wisconsin will be contracting 1,896 more beds. Mgt is
committed to issuing the special dividend in cash, $1.20 to
$1.80 probably before the end of December.
would have you believe bankruptcy is pending. They
would have you believe all their number crunching leads
them to tell you how dire the situation is. They sure
are helpful, or, are they attempting to depress stk
prices just before a large dividend is
Can't we just be happy that we are investors in a solid
company selling far below market value. Appreciation of
stk price should be very positive in the future and
you are going to be paid solid dividends well you
wait for the appreciation. Don't give your dividend
away, keep you position and take the pending good news
with a smile. Remember, a week ago someone sold a lot
of shares at $7.50, just before it went to about $10
and a few weeks before an announcement of a large
This is a no brainer. Anyone who
leaves now should have their heads examined. I guess
good new is just to hard for some people to take.
is your long bias based on fundamentals, or just
that the srock has come down so far? What is your take
on the company's ability to meet dividend
expectations, which is after all the bottom line? And the SI
issue seems to overhang the stock.
BTW, can the
SI buy into the existing float, or must it be "new"
stock? Can the SI simply buy the existing stock in the
marketplace (e.g., the block action we've seen around 9) and
have Doc declare them the "strategic investor" we've
been awaitng like the messiah? Or is the SI a term of
art that, like so many things, I don't understand?
I've followed this board for the last year and in
the last two weeks the number of positive post
compared to negative posts has taken a turn. The POSITIVE
posters seem to be winning and turning this stock into a
bull. Does this mean that people are becoming more
confident in the company? Let's see what the volume does
this week and next. We should see some heavy trading
as people that sold for the tax benefit of their
losses back in Oct and early Nov start to come back in
for next years investment. I'm long....but don't rely
on my posts as I'm just a speculator as we all are.
Looks like no tie for Doc on Father's Day. But
perhaps a bit of chocolate for you on Valentine's Day!
(Add more exclamation points if you
FWIW, I suspect you've closed your long position (I
still think you confessed being long at one point). You
just don't seem to have that old venom. Or does being
right (even for the wrong reasons) calm your soul?
Anyway, it's always nice to hear form you
the quality of privates does not even really
depend on the company. having worked for both privare
and govt, it is the quality of the contract. if the
contracting agency demands very specific standards and has a
quality control component with constant monitoring, there
will be delivery of a quality product. Agencies with
loosely written RFPs and generic contracts will
ultimately be met with the rationale that "its what the
contract calls for". Kentucky has a decent product because
they took the time for research and continue to hold
CCA to a high performance level.
<<You asked why I think the stock price
will go up. I don't know. But I keep holding it, so I
think it's going up, or I'd sell. Or maybe it's
the dividends. But I don't want it to be a REIT.
just say I'm totally confused. And I've been
wrong every step of the way. So if I'm holding and
am wrong, I should sell. But if I sell, I would be
wrong, so I can't sell. HELP!!!!>>
exclamation signs, my friend?? Looks more and more like you
know who's writings!!!