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Corrections Corporation of America Message Board

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  • newMK newMK Sep 27, 1999 8:51 PM Flag

    badly broken

    I remember you, and am glad to see you back. I
    love the positive tone of your posts. It's good to
    know that some things are going right. As a founding
    member of the cleo-described Happy Brigade, it's strange
    that I now find myself being labeled a negative
    poster. Shame on me. Unlike pascoe, I've held this stock
    so long that even at these levels I have a gain, so
    I ought to be happy still. I patiently lived with
    the decline last year, and was happy to see the stock
    start moving up. I don't need 50 to be happy again. But
    it ought to be 30.

    In '92, when Doc targeted
    higher security levels and Wall Street didn't buy into
    it for a couple years, Doc could pursue his strategy
    and let the market (and stock price) catch on
    later.
    Now, however, the strategy is based on access to
    capital markets. It may in fact be a brilliant strategy,
    but it only works if the markets respond. I see
    nothing on the horizon to change the current situation. I
    really hope I'm wrong.

    FWIW, I'm not selling. I'm
    not sure why.

 
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