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Corrections Corporation of America Message Board

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  • pzn_inmate pzn_inmate Apr 13, 2000 3:37 PM Flag


    Thanks for caring.

    You don't get an 18%
    yield without risk. I'll take the loss if the deal
    falls apart.

    I think the chances of the P/L
    closing are at least 90%. But it wont change my life if
    the dice turn up wrong.

    After the recap
    closes, the preferred A will be a very secure piece of
    paper and a great long-term hold.

    Other people
    have posted their views that the company will resume
    growth of 20-30% per year. In that case the returns on
    the common stock would be huge. But that's tougher to
    predict at this point. Maybe 50-50 as you say.

30.22-0.22(-0.72%)2:11 PMEDT