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Corrections Corporation of America Message Board

pruman98 14 posts  |  Last Activity: Dec 30, 1999 8:43 AM Member since: Mar 6, 1998
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  • pruman98 by pruman98 Dec 30, 1999 8:43 AM Flag

    It is my understanding that current shareholders
    of UMH are entitled to buy more shares at a 5%
    discount from the company. Why would UMH sell shares at a
    5% discount and then turn around and buy back shares
    at market price? Am I missing something?

  • pruman98 by pruman98 Dec 6, 1999 5:56 PM Flag

    Could someone shed some light as to why the initial reaction to the merger was positive with stock appreciating nicely, while today it gave back halp of it's gains.

  • pruman98 by pruman98 Nov 17, 1999 8:37 AM Flag

    I see this stock is heading down again.
    A
    stock that gives a 10% dividend yield and is managed to
    increase this dividend with inflation, in theory sounds
    like a great invetment. Is the market disagreeing? Are
    investors doubting the ability of Carey to deliver on their
    goals?
    I would appreciate any feedback on this issue.

  • pruman98 by pruman98 Oct 27, 1999 9:19 AM Flag

    This stock is trading at a PE ratio of 7.89. It
    is priced only a touch more than it's book value
    with a PB ratio of just 1.10. These numbers indicate a
    stock with low expectations. Yet, when looking at the
    research, the analysts expect the earnings to grow at an
    18.4% annual rate over the next 5 years. Thats more the
    double the expected growth rate of the S&P 500 which
    trades at a PE of about 26.
    All these numbers
    indicate exceptional value. This is a high growth stock
    that is selling at a bargain basement price. When the
    value in this stock becomes recognized it will
    undoubtedly take off. Patience is a virtue, and should be
    very rewarding in this case.

  • pruman98 by pruman98 May 20, 1999 12:13 PM Flag

    I believe the major reason for the decline in
    share price is the increased cost per bed that PZN must
    pay to Correction Corp. that was announced last
    Friday. An increaseto $4,000 from $840 per bed is not
    insignficant.
    This also shows the lack of trust shareholders can
    place in managements announcements.
    However, now
    that the news is out what affect wilthis have on the
    bottom line? What was the FFO prior to the announcement,
    and what is the projected FFO considering the higher
    costs. Is the FFO high enough to keep the dividend safe?
    Is the FFO per share expected to grow? These are
    questions that must be answered in order to determine the
    value of this stock.
    Please let me hear feed back
    from anyone who has answers to these questions.

  • Does anyone know what's takingthis stock down? I have seen no news here.

  • Does anyone have any comments on the propoesd
    acquisition of ILM and ILM2? I understand that both of them
    are REIT's that do not trade on any exchange. They
    are quality REIT's that have a good ecord of
    increasing dividends.
    Will CSU become a REIT after the
    acquisition?

  • For those looking for income and good value, I
    have come
    across a closed end Investment grade
    International Bond fund BBZ- Bull & Bear Global income fund.
    It's share price has recently been bashed due to a
    rights offering. Existing shareholders on the record
    date were given rights. These rights allowed their
    holders to purchase additional shares at $6.15.


    Before the rights offering the stock was trading around
    $8 per share. It is now under $6.5. Itis giving a
    dividend of .07 per month. This comes to over 13% at
    todays prices. I believe the stock should go up to
    around $7.50 a share after those who bought at $6.15
    finish selling. That should take a couple of months.
    While you are waiting for the price to go up you will
    be getting a fat dividend. Sounds pretty good to me.

    If you like the dividend this could even be a buy
    and hold strategy.
    Best of luck.

  • For those looking for income and good value, I
    have come across a closed end Investment grade
    International Bond fund.
    BBZ- Bull & Bear Global income
    fund. It's share price has recently been bashed due to
    a rights offering. Existing shareholders on the
    record date were given rights. These rights allowed
    their holders to purchase additional shares at $6.15.


    Before the rights offering the stock was trading around
    $8 per share. It is now under $6.5. Itis giving a
    dividend of .07 per month. This comes to over 13% at
    todays prices. I believe the stock should go up to
    around $7.50 a share after those who bought at $6.15
    finish selling. That should take a couple of months.
    While you are waiting for the price to go up you will
    be getting a fat dividend. Sounds pretty good to me.
    If you like the dividend this could even be a buy
    and hold strategy.
    Happy Investing.

  • Reply to

    Where Is John Galt?

    by mhicks_98 May 21, 1998 9:04 AM
    pruman98 pruman98 Jun 25, 1998 3:52 PM Flag

    Thanx for the tip on BBZ. I did some research and
    this is what I came up with.
    BBZ is a closed end
    Mutual Fund that invests in International Investment
    grade Corporate and Govertment Bonds. The price has
    recently been pushed down due to a rights offering where
    holders of rights were entitled to buy additional shares
    at only $6.15.
    Naturally many bought shares at
    that low price, not to mention those who tried to do
    some arbritrage. Many of those who bought at $6.15 are
    dumping shares for cheap now. When all of these short
    term players are out the stock should easily be at
    least $7 / share. It is paying .07 per moth dividend
    even at $7 this is a 12% return. Before the rights
    offering this stock was trading in the $8 range. Because
    the rights offering did dilute the stock I don't thnk
    we will see $8 again. However, $7.50 is not
    unreasonable to expect. The recent price has been 6 3/8 - 6
    7/16
    You even get a 12% + dividend while you wait for the
    stock to recover.
    Whether you buy this for the
    dividend, or just waiting till the price recovers from the
    rights offering, good luck investing.

  • Reply to

    Please help

    by coolman329 May 20, 1998 1:19 AM
    pruman98 pruman98 May 20, 1998 10:59 AM Flag

    You asked,if Iknow anyone who boughta cell phone
    lately. Actually
    I just bought one. I had a cell phone
    for 2 years and with the newer phones getting getting
    smaller with more features I decided to upgrade. Some
    people upgrade every year. Also, with many users
    switching to digital service they will need to buy new
    phones. Unlike a regular telephone existing customers for
    cellular phones are constantly upgrading their telphones
    as the technology changes. Additionaly as the cost
    of using cellular phones goes down more and more
    people are becoming first time owners of cellular
    phones. From the consumer point of view this certainly
    seems like a high growth industry.
    Considering the
    growth opportunity here this stock seems to be great
    value. The value gives me low downside risk while the
    growth possibilities offers a good upside potential.
    Thats a great risk/reward ratio.

  • pruman98 by pruman98 Mar 20, 1998 9:55 AM Flag

    I saw on the internet that Marvin Slomowitz (CEO) owns 1,918,840 shares. That is about 1/4 of the company. Does anyone how and when he acquired those shares. How much did he pay for them? Also, whatever happened to the next X-div date. The last one listed is Oct. 29. If this company is still paying quarterly dividends, why hasn't there been one yet for the first quarter?

  • Could someone explain to me why the yield on Monmouth Real Estate Inv. - which is under the same management is 1 1/2 % higher tha UMH?
    Also, are the dividends expected to grow on these stocks?

  • pruman98 by pruman98 Mar 6, 1998 3:18 PM Flag

    Does anyone know who to contact for the Dividend Reinvestment Plan for this stock? Also, what are the prospects for future dividend increaases?

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