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Corrections Corporation of America Message Board

ALarriva 2 posts  |  Last Activity: May 2, 2015 9:40 AM Member since: Apr 14, 1998
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  • Reply to

    write down

    by alanbalanbalanb Apr 29, 2015 9:04 PM
    alarriva alarriva May 2, 2015 9:40 AM Flag

    Just saying, but I think that "10% of profits" is going to turn into 75% of losses. Not that it's going to be a problem, but the losses are going to be in the medallion loans.

    I am glad to see them shrinking that area for now, and my expectation is that they should work to raise their rates on those loans in the very near future.

  • Reply to

    write down

    by alanbalanbalanb Apr 29, 2015 9:04 PM
    alarriva alarriva Apr 30, 2015 9:24 AM Flag

    A bit more disclosure on their end might help, but ... I also saw the change in value line item. They really are doing quite well and even medallion loans aren't that great for them, they probably are growing their way out of it. I bet they get a new name and symbol soon so that they look better than they do now as a Medallion Lender.

CXW
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