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Corrections Corporation of America Message Board

  • yessuhrd yessuhrd Aug 7, 2007 4:46 PM Flag

    Why is CXW down today?

    [WLT went down 15% this week on poor earnings report, but I
    had already taken money off the table there.] CXW went down, in part because it will have to pay higher fed taxes now that its tax credits from prior years have been used up and it has to pay with cash. [CXW should not suffer from the
    housing exposure that WLT had (which is also diversified into metalurgical/coke coal).] My feeling is that WLT dropped too far today and may present a buying opportunity. I will have to check my Stop Loss orders and reassess my position here. I have owned CXW since June of 2006 after a confrontation with a Future Criminal of America on the street. /The Huss.

13.70-0.36(-2.56%)Oct 20 4:02 PMEDT