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Corrections Corporation of America Message Board

  • is pzn still legally a reit until the vote, and if so will there be dividens paid on common stocks in april.

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    • pzn_inmate I agree with post 12165, and also
      bought PZN-A today. Given the value of PZN and the very
      high probability of the P/L deal closing, the current
      price of the preferred reflects a temporary buying


    • Thanks for caring.

      You don't get an 18%
      yield without risk. I'll take the loss if the deal
      falls apart.

      I think the chances of the P/L
      closing are at least 90%. But it wont change my life if
      the dice turn up wrong.

      After the recap
      closes, the preferred A will be a very secure piece of
      paper and a great long-term hold.

      Other people
      have posted their views that the company will resume
      growth of 20-30% per year. In that case the returns on
      the common stock would be huge. But that's tougher to
      predict at this point. Maybe 50-50 as you say.

    • Just a word of caution. I did the same thing and
      bought lots of PZN at $10 thinking the $2.20 dividend
      would make my house payment. I think this thing is
      still very high risk until the company proves it can
      make it after the cash infusion. Odds are 50-50 at
      this point.

    • Add JDN to the infamous list

      Might have to call Nashville 'sillyscum valley'... very low-tech!

    • I put fingers into operation before brain engaged.

      I thought you were referring to Ray, who ran the company into the ground. Don't I recall that his father was out before the growth period??

    • "Service was inherited by son."

      Huh?? There is no successor Zimmermann.

    • both pzn and service merch are father and son deals. Service was inherited by son.

    • Every time a co goes down big time lately they
      appears to be HQ 'ed in Nashville:

      1. PZN
      Columbia Health care
      3. Phycor Corporation
      Service Merchandise

      I am sure I missed others, I
      did not search, just came across the names written in

      conclusion: I will NEVER invest in a co that has headquarters
      in Nashville. cos there seem to spike up and crash
      and brun on allegations of fraud.

      PS: This
      last hour proposed deal looks good. At least it will
      save PZN from dropping further, save the shareholders
      asses and a few buck could be made up and may be the
      stock will go to $6-7. Anything above is
      Still wont buy it so. I just got too disgusted but I am
      curious on how this proposal will be handled by the
      "powers at be". Remember, there it is called NASHVILLE,
      different way of doing business..

    • From the article..

      "Ken Renner, a
      spokesman for DC Investments Partners, said the termination
      of the fund had been coming for several months and
      had little to do with any relationship with

      Renner noted that Metro also invested in a
      strong-performing venture capital fund called FCA Venture Partners
      II, which is also managed by the partnership.
      McWhorter, with a long background in health care, is a
      founder of FCA II, which has earned more than $20 million
      for Metro on a $7.5 million investment by investing
      in startup and early stage health-care

      If I read this correctly, DC cost Metro 800K but
      made them 20MM. (Wish we were so lucky).

      Glad to see you back.

    • This story with DC Partners confirms my earlier
      contention that Crants Jr. is NOTHING but a complete MORON,
      whose only "abilities were based on the name Crants and
      nothing else.

      I am glad to see him going down!!
      Let see if we can also force him to cough back
      ill-gotten money he received for his brilliant idea of
      creating a REIT! Crants, what a JOKE!!!

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13.76+0.04(+0.29%)Oct 25 4:04 PMEDT