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Corrections Corporation of America Message Board

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  • newMK newMK Jun 29, 1999 6:34 PM Flag

    Statistical trivia re: ADV

    one last comment. The special dividend should be
    irrelevant. People who hold this stock for the special should
    understand that when paid, it will reduce the value by that
    much. It should really be a neutral.

    The real
    issue is what the market would do to this stock if the
    REIT strategy is abandoned. Would current shareholders
    bail? Would future shareholders not be found? Would
    Wall Street conclude the company really is a disaster?

    My theory is that the big owners of this stock
    (other than maybe HSBC) would just as soon get rid of
    the REIT and the vulnerability to unappreciative
    public capital markets, and that a de-REITing is already
    factored into the price.

15.96+0.06(+0.38%)3:09 PMEDT