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Corrections Corporation of America Message Board

  • indian_cycle_buyer indian_cycle_buyer Jan 28, 2010 4:57 PM Flag

    CCA overextension - stock drop 25% in 2 weeks

    Stock promoters on this page are dreaming. They're probably either trying to dump their owned shares of this turkey any may be executives trying to put a good face on the prospects.

    They've recently lost their contract in California City for criminal aliens. They're closing Huerfano and Appleton as soon as next week. They lost their Alaska contract in Eloy. They have empty beds all over the country.

    This stock has dropped 25% in the last two weeks and it's still overvalued.

    Immigration law changes, mentioned in the SOTU speech yesterday, can put them back in the tank they barely crawled out of in 2001.

    When is management going to understand that overbuilding will bankrupt them?

    "New" guys. Same as the old guys.

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