How can this news be bad. I thought that when you removed unprofitable contracts that it would improve the profitablity. Earnings looked great fro next quarter - shouldn't this make earnings better?
still in buy area IMHO. Stock will return to 8
after earnings. Thing about slatery is he really gets
all of the crap out at once. Then he plays a strong
hand. Watch the stock move up quickly from here ->
no reason for stock to be at this level as thinly
traded as it is.
Good positive earnings or positive
Conference call will move stock quickly. Generally speaking
when you see dips like this in a good company it
provides us all with a good opportunity to make money over
a six to nine month horizon. Little downside risk
at high 5. best wishes. note you are probably right
I am also negative on stocks (and to a lesser
extent bonds). Have had my entire 401K in cash for some
time. However, not afraid to keep stocks in my IRA as I
expect superior trading to at least make up for general
declines. No position in CSCQ - missed the last up move. My
game is to play for bounces after drops, so I always
miss rises that happen after sideways motion. I have
been quite successful. Why would you short WHC? Their
track record for sales and earnings growth is
sparkling, while their TRAILING P/E is only 14. WHC does
trade at a higher price to tangible book ratio than
CSCQ or PZN or CRN. Otherwise it compares quite well
with its peers (I like them all). WHC and CRN made 52
week lows today and PZN is close. You have been riding
the fastest horse lately - congratulations! My little
girl only paid 13.75 for WHC - so she is not deep
under water yet.
I am short most of the market except here. Looks
to me like some very good news around corner.
Slattery likes to get all the dirth laundry out at one
time then make a run. Hope you are long until at least
next week. As far as PZN goes I like it at 9. Any kind
of correction in NYSE to 9700 or thereabouts will
take its toll and perhaps make 9 look expensive. I had
WHC on my short list -> any reasons you got the
kids education bet on it? best regards.
Saw the chicago tribune article - as well as the
60 minutes spot on Corrections Corp. of America a
while back. Both were extremely negative - slanted
against privatized corrections as much as they possibly
could be. Remember that all media is filled with
"liberals" and Democrats, including many union jobs. The
union folks will defend their corrections brother's
overpaid jobs till the bitter end. They figure it is good
kharma - somebody will defend their own overpaid jobs at
a later time. Look at the PZN board. Some of the
negative posts are obviously from a union member/ally. Be
on alert for false/misleading comments on PZN, WHC,
CRN, CPV and here. Best wishes to all (potential)
you know what they say about phd's, don't you?
Piled higher and deeper....anyone seen the recent
Chicago Tribune articles about this company? I've heard
that CSC is lampooned pretty seriously...certainly
present an opposing view of the recent contracts that
weren't "renewed" because of operating deficits...hmmm
You said "good show but keep an eye on this one
during next 3 weeks." in message #425. It wound up
taking a month. Being a short-term trader I have been in
and out of 50 stocks since then. I have my little
girl's education IRA (which is too small to trade) in
WHC. When is that going to stagger to its feet? CSCQ,
PZN, CRN and WHC all seem ridiculously undervalued.
The tax loss sellers are saving pennies on the
dollar. They will be sorry by New Year's, drowning
themselves in booze and then being so sick that they don't
care who wins the Rose Bowl. Some CSCQ tax loss
sellers are already hemorrhaging. This delights me no end
- despite not owning it today. There has been
incredible opportunity so far this fall playing tax loss
selling induced drops for bounces. More to come. Good
luck to all longs here.
Who is selling? At these numbers, it must be
either institutional or management. Debt is staggering,
return on each negotiated contract is in neighborhood of
5-7% over prime...Let's see, LA, PR, FL all
loss-leaders. MS jail loser. What else? Board here is not
independent. Board members ought to brush up their liability
for oversight. With Slattery and Garretson as major
holders/managers, real problems here.
Now you are finally starting to get the
message.....These facilities may not be much more poorly run than
other industries but the margin level isn't there for
very many mistakes!
That's why they are slamming
the doors and the contracts...I can also assure you
"first-hand" that they are poorly run....
Because whoever sold at 4 regrets not having any
on hand and wants to be prepared for the next trade.
Dumped 20% more at 4.625 Will probably regret selling so
soon, but a quick profit and cash on hand can be useful
in these turbulent times. Best wishes longs.