I don't think the issue is trust anymore -- that
was squeezed out long ago. What I think you have here
is a stock price in a lousy market, and nobody knows
what its value is, or what is coming next. It is
behaving like a penny stock that has lost its following.
IMO, nobody would be surprised to see management do
something else strange, like change the terms of conversion
for the pfd. B, or announce a reverse split (usually
means you'll have fewer shares but the stock gets
cheaper anyway -- tends to be a desperation measure). Too
many other stocks that have value, CXW has to compete
for that money. Now if they suddenly got a BIG
contract...but that would surprise everybody. The time they got
the last FBOP contract, there was a couple of days
before the stock came to life. It was good for a 60%
move and I got some of my money back. I continue to
read this board just in case. Good luck to all
long-suffering PZN (oops, cxw) holders (except Doc and Junior,
they aren't among the suffering). Live long and
...so Fergie said that he making the right
decisions...to correct bad decisions and
INTEGRITY. Well he, the Ferg, can start with me and correct
an injustice that was done to me and he knows damn
well what it is. He, the Ferg, reads these posts - all
of 'em - so Fergie my man, put your action where you
mouth is. You know what you have to do and we will see
if "the integrity issue is solved..."
is cheap. - Sparks
Sorry but this is the right business at
the right time. You could say it was the wrong mgmt
over the past few years that has brought us to where
we are. The cleanup is process. I believe the first
post-merger earnings report will be a positive & will at the
least put this stock at 2x current price,
One thing is for certain, CCA & others, will be here
ten years from now building & managing prisons. There
will be earnings & value for the investor.
M&M needs to go to 1/32, news if any and a lot of
money. None will happen. I see privatization and the
insiders taking whats left. This is the last post I will
make. Happy Holidays it's over. Good Luck Flipper This
company had a vision at the wrong time.......The
Would have to disagree with you. I think the
company will make it. At the stockholders meeting, Ferg
said that the company will not seek bk protection and
will do everything possible to make it. He is already
making the right decisions. Yes it's a big project. We
didn't get in this mess overnight and we won't get out
overnight. We are here because of several bad descisions,
some lack of integrity, and some bad luck.
believe the integrity issue is solved. I see many more
good moves than bad as to luck... that will
undoubtedly play a part too.
But I believe we will
make it. Everytime we undo a mistake ( from the old
leadership) we get that much closer.
Yes, it would appear that there is no more oxygen
in this stock; that the life has been stomped out.
The beneficiaries of this event will out in time. But
the loss of this board's vigor is a wider loss, as
many have long followed its windings.