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Corrections Corporation of America Message Board

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  • newMK newMK Jan 24, 2000 10:40 PM Flag

    Food for thought....

    but I've been selling. Haven't sold half yet, but
    getting close.

    The reasons I've been
    selling:
    - I thought Doc's brilliance overshadowed what I
    perceived to be bad structure (REIT); I didn't like it
    because I didn't know how a capital-intnesive growth
    company could pay out all of its income. The naysayers
    who complained about dishonest strucure never saw the
    real problem. Of course, Doc let us all down with his
    condescending dishonesty in May. The "straw that stirred the
    drink" is no longer relevant. Also, in hindsight, he
    wasn't so bright after all.

    - there's just too
    much I no longer understand, specifically the ongoing
    cost of the empty facilities.

    - I don't see the
    possibility of ANY good news (maybe the FBOP beds, but I
    wouldn't hold my breath).

    - My banks have been a
    bit nervous, not to mention my wife.

    Continued
    in part II

 
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