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Strategies & Market Trends : Prison Realty Trust (NYSE: PZN) http://www.prisonreit.com
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To: Ted Gregg who wrote (16)5/20/1999 6:24:00 PM
From: GlobalMarine  Read Replies (1) of 23
 
Looking at a stock chart, it appears most of the selling is done, as volume appears to be declining now. You certainly bought at the right time. Just sit back, relax, collect your dividends and five years from now, PZN will have a lot more prison beds, a lot more FFOPS and more dividends per share. Note that you're investing in PZN at the very low point of its economic cycle...when unemployment is low and so is crime. Yet, the prison system operates at nearly 200% of capacity. When the next recession occurs, business will pick up even more. Not that I'm hoping for it, but after every economic boom eventually comes a bust and after every bust comes the next boom.

Rand
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