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Corrections Corporation of America Message Board

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  • yieldseeker yieldseeker Jul 3, 2000 4:29 PM Flag

    bloomberg link

    Your response on book value is meaningless in
    relation to my statements, because you include non-REITs.
    All I am saying is that book value should not be
    ignored when looking at REITs. You are saying that the
    book value of a REIT should be completely ignored. You
    are wrong.

    Regarding "Sources and Uses of
    Cash", if you work on Wall Street, you should know that
    a statements of cash flow can be finagled. All
    financial statements are can be finagled. The reason that
    Income Statements are produced is that Cash Flow
    statements can be misleading, in that expenses can be
    deferred and revenues can be accelerated. So you need to
    look at cash flow, income, and the balance
    sheet.

    You are saying we should ignore the balance sheet.
    That is always foolish to some degree, but it is
    especially foolish with respect to a REIT.

 
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