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Corrections Corporation of America Message Board

  • bslg211 bslg211 Nov 23, 1998 1:17 PM Flag

    INSIDER ALERT_ PRESIDENT SELLING OVER 20

    If the long term outlook was good I don't think the President would be selling 20,000 shares of CCA.

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    • You tried this same BS on the CCA board be
      totally truthful or go away.

      My response to
      bslg211 on the CCA board. Posted 23 Nov 98. Msg
      #2681.

      Correct me if I'm wrong but, Myers also exercised options
      for 84,000 shares at prices between 1.94 and 5.69.
      Using the median of these to figures(I don't have
      anything more definative), they cost him roughly $315K.
      Interesting that the proceedes from the 20,610 he sold came
      to $387,673.00. So he only put ~$72,672.00 less
      brokerage fees in his pocket. Looks to me like he just
      needed some walking around money. Or -- just maybe that
      will cover his taxes on the whole deal. (Last sentence
      added today.)

      BTW if my calculations and Yahoo's
      numbers are correct he still owns 97k+ shares. Not
      exactly a bail out IMO.

 
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