Prison Realty Trust (NYSE: PZN) http://www.prisonreit.com Message Board

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Strategies & Market Trends : Prison Realty Trust (NYSE: PZN) http://www.prisonreit.com

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To: GlobalMarine who wrote ()	9/2/1999 11:49:00 AM
From: AurumRabosa	Read Replies (1) of 23

David Dreman recommended PZN in Forbes (9/6/99): "Prison Realty Trust (12, PZN) collects rent from for-profit prisons. The stock is down 51% from its 12-month high. Reason: the market's distaste for Prison Realty's close connection to Corrections Corp. of America, lessee of the properties and operator of the prisons. But note that the chief executive of Prison Realty, also the chief at Corrections Corp., owns more than 2 million shares of the former's stock and none of the latter's. Prison Realty, which pays no income tax because it is a real estate investment trust, trades at 5 times expected 1999 funds from operations (the equivalent of earnings for a REIT). The REIT sector as a whole trades at 9 times expected funds from operations. Prison Realty is a cheap stock in a cheap sector." forbes.com

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