Sun, Nov 23, 2014, 11:09 AM EST - U.S. Markets closed

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
  • lchrisutah lchrisutah Jan 5, 2000 11:56 PM Flag

    Food for thought....

    This stock is overvalued at $5. Otherwise, why
    would mgmt sell it to the SI group for $2.21. In
    effect, that is what they are doing. The SI group gets a
    12% cash dividend for a minimum of 5.5 yrs. That is
    $4.29 (5.5 * $0.78.) $6.50 - $4.29 equals $2.21. The
    only condition is that they hold the stock for 5.5
    yrs. (Of course, it's even less than $2.21 with all
    the other perks that the SI group gets.)

    This
    makes me feel ripped off, and I bought the stock for $4
    9/16 per share. I say, forget the S.I. group. Keep the
    REIT, sell more common stock for $2.21 (actually maybe
    someone else would even give us more), and skip the after
    tax preferred dividend. (That might leave something
    for us common shareholders.)

    I just wonder
    what Dreman plans to do.

 
CXW
36.02+0.30(+0.84%)Nov 21 4:04 PMEST

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.
Hexcel Corp.
NYSEFri, Nov 21, 2014 4:02 PM EST
XOMA Corporation
NasdaqGMFri, Nov 21, 2014 4:00 PM EST
Exa Corporation
NasdaqGMFri, Nov 21, 2014 3:59 PM EST