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Corrections Corporation of America Message Board

  • flipper_58 flipper_58 May 18, 2001 4:10 PM Flag

    shares out

    General you probably have this, didn't they say on the CC roughly 367mm shares out after the legal settlement? And the lawyers already have their 16mm shares (pre-reverse). Gee I wonder if they will sell? Does a bear ___ in the woods?

    In their news today; "As the result of the reverse stock split, CCA has approximately 25.2 million shares of common stock currently issued and outstanding"

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    • Cleo ... where have you been!!!! You were the only one that made sense when the others were sucking on Doc's nipple!!!

    • back from the dead I see.

    • Of all the oldtimers, you are the one still here. What a surprise!!! Whatever happened to MK and the rest of the old gang. Went to jail??
      Of course, you remember the LADY of the HOUSE?!

    • In the second paragraph of message #18432 (hyperlinked @ the bottom og this message), when the General wrote:

      << along about this Wednesday, 8/29/01, ... >>,

      "this" Wednesday meant 8/22/01 NOT 8/29/01.

      As the reader can see, it is now Tuesday and Y!-F is reporting CXW's 3-month ADV within << the 153k to 155k area >> anticipated in #18432. It should even be lower (closer to the General's figure a/o 8/17/01) by the end of this week.

      The General anticipates that sometime prior to the autumnal equinox, Y!-F will report that (the late) Richard M. Nixon has resigned the presidency of the United States.

    • toptalk, your bias and allegiance to the General's calcs is appreciated. However, in all fairness to Y!-F, and despite the fact that the data presented has (reportedly) been "updated" a/o 8/17/01, the General expects that the ADV figures that Y!-F gets from Market Guide (M-G) and is presenting to us is NOT the ADV figure a/o 8/17/01, but of a few days prior to that.

      The General would not be surprised if, along about this Wednesday, 8/29/01, you'll see an ADV figure here on Y!-F that's a lot closer to the 153k to 155k area.

      The "currency" of data shown by Y!-F is kinda a "statistics" variation on the 1955 film, Animal Farm, which appropriated the George Orwell theme in "1984."

      In Animal Farm, all animals were "equal," except that some animals were more "equal" than others.

      In the same vein, when Y!-F reports to you that all data appearing on its Detail Quote page, Profile page, Research page, etc., is "current" a/o its published 'update' date, you need to be aware that some data is more "current" than other data. :-)

    • General - I may be wrong, or even a little biased, but watching your diligence over the past many months, I'll take your numbers over Y!-F any day. Given their track record in so many areas (eg. - the "speed" in recording PZN switch to CXW, closing price differences, volume delays, and so on) I would say that a variance of only 3.39% is outstanding.
      Anyway, keep up the very informative, and interesting, good work. And the light, off topic homilies as well!

    • 3 months have now come and gone since the 5/18/01 effective date of CXW's 1:10 reverse split and the results are now in.

      How close did the General and Y!-F's data provider get?

      Y!-F is currently telling us that the 3-month ADV is 159,000 shares per day, and the General is telling you it's 5,210 shares per day less than that, 153,790, which means that Y!-F differs from the General by +3.39%.

      The Table below shows the week-ending recap of CXW's 3-month (65-day) split-adjusted ADV, as reported by the General, versus the NON-split-adjusted 3-month ADV as reported by Y!-F, beginning with the week-ending 5/18/01 and for the 13 week-endings subsequent thereto.

      (Note: "x"s have been employed in an attempt to maintain columnar alighment and do not imply 'multiplication'.)

      Week-Ending Y!-F General

      5/18/01: 390,727 x41,029
      5/25/01: 396,409 x59,598
      6/01/01: 401,545 x76,624
      6/08/01: 398,454 x86,756
      6/15/01: 370,227 x91,873
      6/22/01: 352,363 x96,892
      6/29/01: 343,181 105,747
      7/06/01: 340,772 118,999
      7/13/01: 323,227 127,548
      7/20/01: 317,227 131,416
      7/27/01: 241,500 137,196
      8/03/01: 235,772 153,682
      8/10/01: 187,636 154,704
      8/17/01: 159,000 153,790

      Rudyard Kipling may have been correct when he wrote that, East is east and west is west and never the twain shall meet.

      But as far as CXW's 3-month ADV is concerned, after 13 weeks had elapsed from the 5/18/01 effective date of the reverse-split, Y!-F's and the General's numbers should have met (at the General's figure), and they didn't.

      The General isn't surprised.

    • For recappings of previous weeks' week-ending ADVs as well as 65-day ADVs covering the period from the week ending 5/18/01 through the week ending 7/13/01, see message #18196.

      The proximate preceding week to last week's activity incorporated CXW's second highest split-adjusted trading volume day (836,500 shares on 8/02/01) since PZN's 7/15/97 IPO debut. It was followed by this past week's being the lowest weekly ADV since the 5/18/01 effective date of the 1:10 reverse split, a mere 67,440 shares per day.

      Nevertheless, when the 1:10 r-s ratio is aplied to the pre-split trading volumes being subtracted from the tail-end of the 65-days' list, the net effect of such a 'slow' week was to still increase CXW's 65-day ADV by a hair more than a thousand shares per day.

      Listed below, is the recap of weekly ADVs from the week ending 7/13//01, forward.

      (Note: "x"s have been employed in an attempt to maintain columnar alignment and do not signify 'multiplication'.)

      7/13/01: 151,800
      7/20/01: x95,540
      7/27/01: 172,340
      8/03/01: 245,360
      8/10/01: x67,440

      CXW's split-adjusted 65-day ADV for the week ending 8/10/01 is 154,704 shares per day.

      Below is the recap of that parameter for the week-endings from 7/13/01, forward.

      7/13/01: 127,548
      7/20/01: 131,416
      7/27/01: 137,196
      8/03/01: 153,682
      8/10/01: 154,704

      Yesterday's (Friday, 8/10/01) volume of 123,100 shares is 79.57% of CXW's current split-adjusted 65-day ADV.

      This weekly ADV report should be the "30" mark for the General, since next Friday's date is 8/17/01, a 3-month lapse of time since the 5/18/01 effective date of the 1:10 reverse split.

      The General will not vouch for whatever ADV numbers are presented either then or thereafter by Y!-F.

    • For recappings of previous weeks' week-ending ADVs as well as 65-day ADVs covering the period from the week ending 5/18/01 through the week ending 7/13/01, see message #18196.

      In case you hadn't been aware of it, yesterday's volume of 836,500 shares traded was, on a 1:10 reverse-split adjusted basis, the second highest volume that PZN/CXW has ever traded since PZN's 7/15/97 IPO debut, when 10,129,500 (1,012,950 r-s adjusted) shares traded.

      It was insufficient, however, to qualify the week just ended as any "record ADV week," (as reckoned since the 5/18/01 r-s became effective). An otherwise unremarkable week which tallied an ADV of 245,360 shares per day.

      Listed below, is the recap of weekly ADVs from the week ending 7/13/01, forward:

      (Note: An "x" has been employed in an attempt to maintain columnar alignment. It does not signify 'multiplication'.)

      7/13/01: 151,800
      7/20/01: x95,540
      7/27/01: 172,340
      8/03/01: 245,360

      CXW's split-adjusted 65-day ADV for the week ending 8/03/01 is 153,682 shares per day. Below is the recap of that parameter for the week-endings from 7/13/01, forward:

      7/13/01: 127,548
      7/20/01: 131,416
      7/27/01: 137,196*
      8/03/01: 153,682

      * A week ago, in message #18264, this figure was reported as 137,199. The corrected figure is as shown here, 137,196.

      Today's (Friday, (8/03/01) volume of 56,500 shares, is 36.76% of CXW's current split-adjusted 65-day ADV.

    • For recappings of previous weeks' week-ending ADVs as well as 65-day ADVs covering the period from the week ending 5/18/01 through the week ending 7/13/01, see message #18196.

      Aside from last Thursday's (7/26/01's) volume being (on a "r-s adjusted" basis) the stock's highest volume in almost 19 months, there was nothing remarkable about last week's ADV tally.

      Listed below, is the recap for weekly ADVs from the week-ending 7/13/01, forward:

      (Note: "x"s have been employed in an attempt to maintain columnar alignment and do not signify 'multiplication'.)

      7/13/01: 151,800
      7/20/01: x95,540
      7/27/01: 172,340

      CXW'a split-adjusted 65-day ADV for the week ending 7/27/01 is 137,199 shares. Below is the recap of that 'benchmark" for the week-endings from 7/13/01, forward:

      7/13/01: 127,548
      7/20/01: 131,416
      7/27/01: 137,199

      Yesterday's (Friday, 7/27/01) volume of 13,600 shares traded was a mere 9.91% of CXW's current split-adjusted 65-day ADV.

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