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Corrections Corporation of America Message Board

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  • tomkempf tomkempf Feb 1, 2008 2:22 PM Flag

    What Happened Here....

    PS. all the major prison stocks are down...CXW is leading the loss however. Could be a good buy at this level

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    • The market action is getting terrible... I just added at 23.10. Trailing p/e is 22, forward 18. Used to trade at a p/e of 30. Again, this co has long term contracts locked in (pun intended) with new facilites opening over the next years. And favorable demographics, favorable gov't conditions, and a bad ecomomy only helps their growth (but could be bad for borrowing.)

      They'll tell the story again with the cc tomorrow.

      The insiders are selling only small fraction of their holdings, with the exception of Mr. Puryear. Still, it always looks bad to see a pattern of sells.

      -Otto.

 
CXW
30.17+0.11(+0.37%)Aug 28 4:01 PMEDT