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Corrections Corporation of America Message Board

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  • newMK newMK Jan 14, 1999 12:16 PM Flag

    This weekend's Barron's reports that...

    Peter principle? Probably not.

    This has
    been covered by a number of posters smarter than

    me over the past several months. As shareholders, we
    pay Doc
    to run a private corrections company in a
    way that produces
    maximum returns and beats the
    competition. Stock price is a
    function of many influences,
    not all controllable or rational or
    permanent.
    Ultimately, if Doc does what we pay him to do,
    the stock
    price will follow.

    The history of CCA speaks for
    itself. The future course of the
    private corrections
    business is anybody's guess, but I think Doc's
    guess
    is likely to be the best. What happened in Texas in
    the
    past year may be a good indication of the
    future of the business.
    Low rate re-bids don't
    exactly increase margins. In this business,
    whether
    you agree with Doc or not, you have to admit that he
    is
    the leader. Everyone else is a follower.

 
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