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Corrections Corporation of America Message Board

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  • crosswindlandings crosswindlandings May 17, 1999 8:13 PM Flag

    A simple and elegant solution

    ...that he was comfortable with analysts'
    earnings estimates for the next quarter and remainder of
    the year, and that the various fees ($4000 included)
    were included as part of Q1; if such is the case, then
    FFOPS will present no surprises for the balance of this

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    • We hope!!! Unfortunately, the "stupid accounting
      mistake" raises anxiety about the company's ability to
      convince underwriters, investors, etc., that they have a
      competently run ship. Stock was down to 13 this AM, that
      speaks volumes about credibility -- also raises
      questions which make Doc's roadshow pretty uncomfortable
      for him and us. Are there other "accounting mistakes"
      which have yet to be discovered. Happy to say, I bought
      puts yesterday, but I'd like to see them expire
      worthless. I've seen too much money disappear this week due
      to Doc's "surprise". Should have bailed out of this
      stock last year.

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