Thu, Aug 21, 2014, 1:54 AM EDT - U.S. Markets open in 7 hrs 36 mins

Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • newMK newMK May 18, 1999 1:48 PM Flag

    A simple and elegant solution

    What everyone forgets is that OPCO and PZN
    together account for the total business of old CCA.
    Whatever happens to OPCO would have happened to CCA, which
    used to be a growth stock (how would it fare if it
    started missing earnings?).

    But that is probably
    part of the problem now. A lot of analysts fear that
    mgmt no longer has a handle on its business, and mgmt
    hasn't done anything yet to dispell that notion (at
    least since Friday, which is the only history that
    counts right now).

    It also seems that most
    analysts overlook the obvious fact that OPCO is totally
    subservient to PZN, which gives PZN the fabulous lease rates
    nobody else can match. That happens because OPCO doesn't
    make money. But it has to survive to retain the REIT
    structure (which itself may be a questionable
    objective).

    Right now everybody talks about "mgmt". It's one
    person. This is now a Doc Crants issue. The guy who
    started the company - actually started the private market
    - and who built this company to the point where it
    is without serious competition, has finally stubbed
    his toe. The next two weeks will tell if it is
    life-threatening or not, as he works on the debt deal. If that
    gets done reasonably well, things will improve (maybe
    not quickly, as far as the stock price).

 
CXW
35.81+0.21(+0.59%)Aug 20 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.