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Corrections Corporation of America Message Board

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  • indian_cycle_buyer indian_cycle_buyer Nov 27, 2004 4:22 AM Flag

    Private Prisons

    Not holding this stock currently. I thought about taking a short position when they had riots in the same week in July in Mississippi and Colorado. They had another bad month in September when a Kentucky operation imploded. Kentucky just recommended a $10,000 fine, down from $384,000 in Colorado.

    If I had held this in '98 I'd be working as a Wal-Mart greeter now. It's off over 90% from then, not controlling for inflation.

    ICB

 
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