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Corrections Corporation of America Message Board

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  • flipper_58 flipper_58 Jan 6, 2000 9:27 PM Flag

    Food for thought....

    straighten me out. Yes I forgot a few key items,
    the earnings from the subs and the tax benefit from
    Opco. I was assuming the tax benefit would be a "next
    year" thing.

    The thing about taking the tax
    benefit in our assumotion now, means it won't be there in
    the 1st quarter. Things really start to look sloppy.
    How the hell they are going to stuff a $60mm
    preferred div. payment and $92mm in "fees" in this equation
    goes beyond my math skills. 2000 would be a total wipe
    out and part of 2001 too it seems to me, if the
    company makes it, you agree socksey?

    The scary
    part is gross revenues are DOWN quite a bit from 1998.
    I've heard no one explain why, amazing as that is.

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