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Corrections Corporation of America Message Board

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  • newMK newMK Apr 25, 1999 11:48 AM Flag

    Can somebody please explain?

    It's interesting that Acampora mentioned HOT as
    his favorite REIT. It no longer functions as a REIT -
    it was a paired share that combined (the REIT is now
    a sub of the mgmt company I believe, thus no REIT
    "benefits"). Dividend was reduced dramatically. But stock has
    done well; I think it was around 19 last fall, now in
    the mid-30s.

    Also interesting that Marty Zweig
    was there. He was a 5%+ shareholder of CCA prior to
    the merger announcement last year; I think he sold
    out (or at least down).

34.15-0.87(-2.48%)12:11 PMEDT