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Corrections Corporation of America Message Board

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  • sumaoji sumaoji May 19, 1999 9:57 PM Flag

    INSIDER ALERT-PRESIDENT SOLD 20,000 SHAR

    You're right, I don't want to hear it -
    especially your off-base commentary. The notion that this
    (recently declared) dividend will be the last is horse
    chips. Based on nothing more than your hopes. Further,
    the notion that state legislatures across the nation
    will suddenly rise up and end privatization is an
    unlikely (nee impossible) pipe dream. And further to that,
    both England and Australia are expanding the use of
    private prisons, of which PZN has the TOTAL MARKET
    SHARE.

    And while yesterday's 1.5 point drop was a step away
    from bankruptcy according to some wild-eyed observers,
    today's .75 point gain was "fractional". You are
    certainly a spinmeister, but I for one don't buy it. Keep
    shorting (in fact, go out and short some more), and let's
    talk again in 90 days. I'd suggest you monitor your
    short position every damn minute of the market day, or
    you could find yourself squeezed.

 
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