I disagree, why? Well it seems to me when ever CCA does something it's just a matter of time WHC will follow down the road. I own both stocks and when one splits the other splits, too. Ect....I feel once they will see how this deal goes through with CCA they do the same. I first I thought this would be a bad thing for CCA but now I don't. The message board on CCA is great information on Prison Reit's I highly recommend you to read it so you really understand it. I sure did and now going to buy more!Might take 9mos. to year but they do it. They just see how CCAdoing and if it's good.....or bad....will make the finally .But I'm willing to bet they will do it. Time will tell.
When, i stated that whc would not merge with their reit, this was not my opinion . This was a statement made by the CEO, of whc.. but anything can happen down the road. As far as cca merger is concerned the problem is not so much as cca becoming a reit that may not be such a bad thing. THE problem is that i as well as other finacial analyst have pointed out and is also the cause of a number of class action suites that have been filed is that CCA share holders are not being fairly compensated in the deal.. CCA, DIRECTORS and board members are forming two private management companies , one of which we will not be compensated for at all as the lawsuite states..i wll post more on cca board...
I've been following both companies CCA and WHC. Please explain why CCA basically un-did its spin off. Was it just to generate legal and accounting fees and sell some part of itself to the public. The movement in price did not help overall.
Why sell off the r/e to the REIT and then become part of the REIT? Would have been cheaper to do it as a one-step transaction reorganizing or selling some shares on a secondary.