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Corrections Corporation of America Message Board

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  • mrar_papa mrar_papa Feb 25, 2000 7:29 PM Flag

    REIT

    that is the question. I got out a week or so ago
    at about this level, after I read the proxy and my
    disgust level rose to the point that it was no longer
    bearable.

    With perfect hindsight something like this happening
    was pretty predictable. Doc and his minions put
    together a deal that screwed the common shareholders
    completely, but they forgot one very important point - the
    people taking the screwing were the ones that were
    needed to approve the deal. Of course, as has probably
    been posted already today, there's no guarantee that
    the BOD will let it be voted upon, but the failure to
    do so IMO would be so blatant as to destroy any
    legal defense they might possibly have.

    Haven't
    decided what to do yet, but regardless of whether I get
    back in or not (after the last 9 months as a
    shareholder I can't believe I'm even considering it!), kudos
    to Pacific Life for standing up to the Wall Street
    sleaze machine.

 
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