I hate to be the doom and gloom guy, because I have publicly supported Doc. The first problem with the conference call was the announcement of the "accounting mistake" and change in fees. The second problem was Doc's demeanor in the CC. Result, downgrades and running for the exits. In the week that followed, one significant shareholder (now a former shareholder) ferreted out an additional problem: lower occupancy levels due to Youngstown. When this got publicized, it was semantically described as a freeze on federal prisoners, which wasn't accurate. That gave the company the opportunbity to address the occpancy issue as "squelching rumors", instead of admitting the problem. Bad attempt at spin.
I'm not sure how to fix the problem. Right now it seems that Doc is maintaining his atitude that he's right and the rest of the world is wrong. Juggling OPCO's management isn't the solution. When it's announced, don't expect favorable reaction.
Yes, time is always needed to think through a strategy. But the thinking is being done by the guys who brought us the REIT strategy which for the past year has proved to be foolhardy. I suspect more unsettling financing news will be forthcoming before anything of positive substance.