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  • newMK newMK Feb 27, 2005 11:24 PM Flag

    The "Sperando crossings."

    was the dismal science.

    Actually, accounting would be, but it's not a science - it's all made up.

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    • You know that honesty and forthrightness will only get you so far in this world, MK.

      The nicster spent a career in the political arena and couldn't seem to absorb that lesson. That's the REAL reason the 'idealistic' little monger is residing in that empty Sears freezer carton under that bridge abutment. The misfortunes that befell CCA & PZN had little to do with it.

      The General would like to believe that today's public announcement about the likely mothballing of the company's Otter Creek facility (which, it figures, will negatively impact FY05's bottom line to the tune of 5�), is the fundamental basis for CXW's price weakness since the beginning of the year (or especially over the past 5 weeks), but the continued deterioration in its industry's group relative price strength (GRPS) says that "'taint so McGhee."

      While today's IBD ranks the Commercial Services-Security/Safety (CS-S/S) group 43rd out of its 197 groupings (that's down from 34th place a week prior), CXW carries an A/D (Accumulation/Distribution) rating of 'D-' and CRN (which hasn't announced any facility's mothballing and a commensurate hit to its earnings) has an A/D rating of 'D'.

      That's more than a mite inconsistent with a GRPS rating that's currently letter designated as an 'A-' but which, numerically, should be no better than a 'B+'.

      The princess has promulgated a more likely fundamental-based explanation here.

      Hopefully, Otter Creek's mothballing isn't symptomatic of the "tip of the iceberg."

33.66+0.16(+0.48%)May 27 4:02 PMEDT