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Corrections Corporation of America Message Board

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  • newMK newMK May 17, 1999 9:57 PM Flag

    A simple and elegant solution

    I can't do that. But I will admit that the CC was
    disconcerting.

    I forget where it comes from, but that old saying
    comes to mind (and has in the past year): "what a
    tangled web we weave, when first we practice to
    deceive".

    I really don't believe that Doc had bad intentions
    in the course of all this. But I've been involved in
    lot of brilliant deals that circumvented tax
    prinicples while meeting the letter of the law, and I would
    never present them to the public. That's the problem
    with this REIT. It's a good idea, but it is way too
    sophisticated to play well in the market. Even if the market is
    wrong, it has passed judgment. This thing ain't gonna
    bounce back any time soon. But in another year, if they
    can survive the next two weeks, maybe people will
    finally figure it all out.

 
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