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Corrections Corporation of America Message Board

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  • newMK newMK May 27, 1999 3:12 PM Flag

    FEDERAL BUREAU OF PRISONS HAS

    I really appreciate your optimism. However, don't
    count on IR. There is no way they could know if
    dividend will be cut or not (try picturing Clinton's press
    secretary, or even his cabinet trying to answer questions
    honestly). At this point, I'm not even sure if Doc knows if
    the dividend will be cut.

    Seems to me the
    devidend was set higher than it needed to be in Q1 and Q2
    for "politicial" reasons. Now they're stuck. They got
    a little mileage from it, then squandered it. If
    they have to adjust, the pain will be felt by all of
    us - for a while.

    Don't get me wrong. I'm way
    long on this stock and will hold for a long time.
    There is just no reason to believe what they say at the
    moment. Not that they will lie to you, but they are in a
    state of denial, and the world has changed from when
    they first hatched this deal. Look for more changes.

 
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