Most people on this board only wish they had waited to buy this stock. Every time it appears it is a steal, it drops even lower.
Even if it goes to $0.01 I wouldn't buy anymore of this stk unless it definitly started to show positive cash flow and earnings.
If you want a steal and a lot less risk, buy CMM. It does have positive cash flow and is currenlty suffering delution problems as it emerges from bankruptcy.
Yesterday I labored over the decision to convert my pref or hold. Common sense took over and I sold the pref. Pref. sold for a $1 less today. Every time I have sold CXW I have looked twice as smart as everytime I bought CXW.
stock and that will stop the selling. Fighting the tidal wave of shares just doesn't make sense to me. The lawsuit settles up in a month and represents wave 3 of shares. For me it's clear, if you want to buy this story, it's the pref A or debt. Stockmavin4 I added back my A shares. ;-)
I've had a quick chat with John Ferguson, he's humble, sincere and as realistic as anyone can be. Hence my bet is with him and why I added the A shares back.
It might go a little lower but it has gone about as low as it can go. I have alot of friends that work for cxw and I here the new management has made alot of positive changes quick. They have let go alot of people inside the institutions that will not change , and for the first time in the history of the company a budget is just that. Mr Ferguson brings a good business mind to the company. They are loaded with good Wardens from all diffrent areas and backgrounds. Thery are on their way back. It is a scary thought where they would be if they had done this 5 years ago. I foe one have been loading up since it went below a 50 cent piece.
1. My target of 25c in December hit! today. Just in the middle of the month.
2. A rev-split is on. I will soon be officially shorting as my 10c forecast for 2001 will probably realize after the rev-split is done.
As far as your asking on buying this co, read many past messages on the boards. Then reconciliate the date of predictions with the events that happened, finally make your judgement.
Compare the move of CXW execs to chess players who have guided choices to make to avoid a checkmate. None of the alternatives being presented to investors are satisfactory, and to date all the forced move made will lead to a further downspiral as we seeing so obviously.
Some on this board have refused to recognize that fact and probably never will and have been flaming thoses who warned. Their loss.