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Corrections Corporation of America Message Board

sam_0534 235 posts  |  Last Activity: Oct 24, 2014 7:09 PM Member since: Feb 8, 1998
  • One key to this good fortune is obvious: the historically low interest rates maintained by the Federal Reserve. But plenty of other deals benefited from low lending rates, too, and fell apart. In fact, of the nine hospitality and lodging LBOs completed in the same time frame as Blackstone’s Hilton acquisition, only Hilton and La Quinta Inns & Suites (another Blackstone deal) weren’t forced into bankruptcy or a debt restructuring.

    Sentiment: Strong Buy

  • I bought more today..

    Sentiment: Buy

  • amazing the companies they have which will be great profits for us and BX.... such a great value here.. I have 3,000 shares..BX will be a great investment for any new investors....

    Sentiment: Strong Buy

  • Reply to

    CEO buys ANOTHER 30,000 shares Tues

    by njaoldude Sep 9, 2014 9:50 PM
    sam_0534 sam_0534 Sep 10, 2014 10:31 AM Flag

    OK..I just added to my holding this mor ning.. CC is at 11am....looking for some good news with his buying. will see...

    Sentiment: Buy

  • and going with the momentum and market.....guess will need some other news to continue the advance.. really need patience.. long 6,000 here...

  • Reply to

    the pause that refreshes

    by sandy.criscione Sep 9, 2014 6:23 PM
    sam_0534 sam_0534 Sep 9, 2014 7:47 PM Flag

    best value stock around.. great dividend and prospects...

    Sentiment: Strong Buy

  • selling at a BIG Discount...

    Sentiment: Buy

  • Blackstone Group LP (BX) President Tony James said the debt and stock markets in the U.S. are overvalued as the Federal Reserve holds interest rates near zero.

    “We clearly have an overvalued debt market,” James said today at a breakfast hosted by Politico, the Washington-based media company. “We have an equity market that’s well above median value. Equity markets are overvalued by historical standards.”

    James joins other top money managers who are warning of excesses because of central bank stimulus and preparing their firms for what may follow after recent record highs. Howard Marks, the chairman of distressed-debt investor Oaktree Capital Group LLC (OAK), last week compared the U.S. stock market to being in the late inning of a baseball game. Los Angeles-based Oaktree is preparing to raise $10 billion to take advantage of distress opportunities following a market reversal, three people with knowledge of the plans told Bloomberg News.

    “We’re between the bottom of the seventh and the top of the eighth,” Marks said in a Bloomberg Television interview last week. “It’s time for the seventh-inning stretch. You have to have plenty of defense on the field today.”

    Records Set

    More than $1 trillion was added to global stocks last month, sending the value to a record $66.2 trillion as markets soared. The Standard & Poor’s 500 Index of large U.S. companies closed at a record 2,007.71 last week, after the Dow Jones Industrial Average index reached a record close of 17,138.20 on July 16.


    Photographer: Jin Lee/Bloomberg
    Blackstone Group LP President Tony James said the Federal Reserve’s decisions regarding... Read More
    In the bond market, yields on both high-grade and speculative-grade notes were both within 0.41 percentage point of all-time lows as of yesterday.

    The rally in the U.S. bond market may be over after the European Central Bank unexpectedly cut interest rates to spur economic growth on the continent, David Tepper, founder of $20 billion hedge-fund firm Appaloosa Management LP, told Bloomberg News last week.

    “It’s the beginning of the end of the bond-market rally,” the billionaire said. “We are done.”

    Like Oaktree, Leon Black’s Apollo Global Management LLC is preparing to take advantage of an expected increase in corporate defaults. The New York-based alternative-asset manager is marketing a new credit short opportunities fund, Bloomberg News reported last month, after Black and co-founder Marc Rowan in April said they saw signs of a bubble in credit markets thanks to six years of near-zero interest rates.

    Danger Signs

    “All the danger signs are there of a future crisis,” Rowan said, speaking at the Milken Institute Global Conference in Beverly Hills, California. “We’re back to doing exactly the same things that were done in the credit markets during the crisis.”

    James today said the Fed’s decisions regarding timing and speed of raising rates will be driven by the U.S. economy. Corporate earnings growth remains sluggish, he said, so the central bank will need to be “clever” and raise the benchmark rate “softly enough” in order for the policy change to be healthy for the economy.

    Sentiment: Buy

  • PARSIPPANY, N.J., Sept. 8, 2014 /PRNewswire/ -- Pinnacle Foods Inc. (PF) today announced that certain of its stockholders, consisting primarily of affiliates of Blackstone, intend to offer for sale in an underwritten secondary offering 15 million shares of the Company's common stock, pursuant to the Company's shelf registration statement to be filed with the Securities and Exchange Commission (the "Commission"). In addition, the bookrunners will have an option to purchase up to an additional 2.25 million shares from the selling stockholders. The registration of the offering and the sale of the shares are being effected pursuant to Blackstone's registration rights under a registration rights agreement among the Company and certain of its stockholders.

    The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by the Company. The Company expects the offering to close on September 12, 2014, subject to customary closing conditions.

    Sentiment: Strong Buy

  • Blackstone Warehouse Landlord IndCor Files for U.S. IPO
    By Hui-yong Yu Sep 8, 2014 3:37 PM PT - Comments Email Print
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    IndCor Properties Inc., the warehouse landlord owned by Blackstone Group LP (BX), filed for a U.S. initial public offering as a real estate investment trust.

    The Chicago-based company confidentially filed a registration statement with the Securities and Exchange commission, according to a statement today. Blackstone plans to raise about $1 billion, a person with knowledge of the company’s plans said in August. That would value IndCor at about $8 billion, the person said.

    An IndCor offering by year’s end would extend the run of real estate IPOs by Blackstone, the biggest private-equity investor in property. The New York-based firm has been taking advantage of stocks at record highs to exit some of its biggest investments in stages.

    Blackstone in April took public La Quinta Holdings Inc., an operator of limited-service hotels in the U.S. Last year, it completed IPOs for Brixmor Property Group Inc. (BRX), the No. 2 U.S. shopping-center landlord, and Hilton Worldwide Holdings Inc. (HLT), the world’s largest hotel chain. Another hotel company co-owned by Blackstone, Extended Stay (STAY) America Inc., went public in November.

    Hilton is trading 28 percent above its IPO price, while La Quinta is 21 percent higher. Brixmor and Extended Stay have both gained 19 percent since their debuts.

    Peter Rose, a spokesman for Blackstone, declined to comment on the Indcor sale.

    The number of shares to be sold and price range haven’t been determined, Indcor said.

    Confidential IPO filings are made under the Jumpstart Our Business Startups Act, which allows companies with less than $1 billion in revenue to keep applications private until shortly before they promote the share sale. Blackstone made a similar filing for its La Quinta offering.

    Sentiment: Strong Buy

  • Reply to

    Nice volume

    by mehdimho Sep 8, 2014 10:56 AM
    sam_0534 sam_0534 Sep 8, 2014 12:57 PM Flag

    HI, just think the move is on the latest news replease...anything else is just pure speculation and hopes...valid news will move the stock..

    Sentiment: Buy

  • Reply to

    OT. IPCI

    by south81sk Sep 8, 2014 11:26 AM
    sam_0534 sam_0534 Sep 8, 2014 12:04 PM Flag

    I have 6,000 shares of IPCI... bought first time at 1.90 and didnt sell onthe BIG move up.. I have faith in this company....

    Sentiment: Strong Buy

  • now making new highs..BX did not sell any stock I dont think at the IPO.. And HLT..Hilton is acting great..looking to make a new high..I think BX will make another secondary this quarter to give BX some good numbers :)...BX consolidation is giving new buyers a great price to BUY...

    Sentiment: Strong Buy

  • sam_0534 by sam_0534 Sep 8, 2014 10:08 AM Flag

    Both KKR and BX have an analyst opinion of 1.8........it just the fact that buyers, traders, etc are focusing on the fast and in vogue stocks now... but things change and the strong fundamentals and VALUE will come into play...No doubt in my mind :).. as previous reported I am a Long Term holder of 3,000 shares and feel very safe with BX....

    Sentiment: Strong Buy

  • Reply to

    what is the actual dividend yield?

    by uptick_long Sep 5, 2014 3:51 PM
    sam_0534 sam_0534 Sep 7, 2014 9:31 PM Flag

    The bonus has been replaced with paying out current profilts each quarter..before it was a set quarter dividend with the unpaid surplus paid after year end...now the surplus is paid every quarter...

    Sentiment: Strong Buy

  • Reply to

    Call the close 09/08/2014

    by teberb Sep 7, 2014 4:55 PM
    sam_0534 sam_0534 Sep 7, 2014 9:29 PM Flag

    ever since it big gap up last December threis a lot of overhead stock in the 9 month trading consolidation before it broke down to fill the gap..I agree this is a news advent stock so hard to figure out technically... will be interesting to see how it trades this coming week...long time hold here...

    Sentiment: Buy

  • filled the big gap at 1.90 and now the 200 dma is 3.62.....any good news on drug approval will shoot it through..

    Sentiment: Strong Buy

  • Reply to

    what is the actual dividend yield?

    by uptick_long Sep 5, 2014 3:51 PM
    sam_0534 sam_0534 Sep 5, 2014 4:18 PM Flag

    well as I have posted 3 dividends this year.. 0.58 0.35 and 0.55 which equals 1.48..dividneds depend on how bissiness goes in the quarter and you see it is hard to figure out.. taking profilts with IPOs and stock offering make a big difference.

  • waiting for HLT to make a new high and would expect BX to sell some..to help eanings this next report I think...

    Sentiment: Strong Buy

  • BX did do their first secondary at $22.50... and with HLT approachng new high I would expect BX to take some more big profits......Hilton's IPO Soars. Should You Buy?
    By Dan Caplinger | More Articles
    December 12, 2013 | Comments (1)

    The much-anticipated initial public offering of Hilton Worldwide Holdings (NYSE: HLT ) went off without a hitch today, with the largest hotel IPO ever pricing last night at $20 per share and the stock quickly posting a 6.5% jump at the open and rising to a 9% rise as of 1:30 p.m. EST. Yet even if Hilton's honeymoon period goes well for investors, the bigger question facing the hotelier is whether it can outpace competition from rivals Hyatt Hotels (NYSE: H ) , Marriott (NASDAQ: MAR ) , and Starwood Hotels & Resorts (NYSE: HOT ) and justify what some see as a fairly lofty

    Sentiment: Strong Buy

CXW
35.60+0.06(+0.17%)Oct 24 4:01 PMEDT

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