Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wheizer wheizer Aug 7, 2008 9:33 AM Flag

    Lowered guidance!

    capitalizing interest on a construction loan during the construction of a facility is a required accounting practice. Once the facility is operational (and thus starts generating revenue) the interest is classified as an expense. The only "sham" was your posted message.

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