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Corrections Corporation of America Message Board

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  • newMK newMK Aug 16, 1999 8:38 PM Flag

    badly broken

    Analysts are revising FFO down because of
    dilutive effect of $100MM new equity and DRIP.

    From one of my earlier posts:

    Borrowing money
    to pay out dividends still is stupid. Dilution to
    pay out dividends is still stupid. Triggering the
    dreaded double tax on $265MM of retained earnings is
    still stupid. All this for "better access to capital".

    Doc - give up.

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