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Corrections Corporation of America Message Board

  • GenJackripper GenJackripper Mar 8, 2005 11:38 AM Flag

    (temporarily) Understated Market Cap

    From yesterday's filing of CXW's 10-K, it has been noted that, from 3Q04 ��> 4Q04, the company's shares outstanding (S/O) increased 10.8539+%, from 35,266,206 to 39,093,965 or 3,827,759 shares.

    The market capitalization (M-C) currently shown on the Y!-F's Summary Quote & Key Statistics pages have yet to be updated (by data provider, Reuters) to reflect this increase in S/O. It could take them a week or weeks to do so (albeit, they've been much more prompt at such M-C updating, recently).

    Based on yesterday's closing price of $36.88, CXW's M-C should be on the order of $1.442 billion.

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CXW
35.27+0.26(+0.74%)1:07 PMEDT