How abt getting a prison play!!!!!
Corrections Corporation of America owns and operates privatized correctional and detention facilities. It also leases three correction facilities to third party’s.
The company is the fifth largest corrections system in the nation, behind only the federal government and three states.
It has a P/E of 34, and a PEG of 1.8. Its revenues were up over 52% year over year on a revenue gain of 11.5%.
It has 4 ‘Strong Buy’ ratings and 1 ‘Buy’ rating according to Bank of America ratings.
Never missed earnings and mostly beat the estimates by a good gap.
The split, payable July 6, will increase the number of shares outstanding to 123.7 million.
Wait for some consolidation in the market and get into this invisible bomb before 29th June. This will be one of our long term plays…No flipping here This is a growth play…not a spec.
Split was annouced when the price was $63.5. So, we can assume there was no big run up just on the speculation for the split. Looks lie safe here tooo. But just look to get in any where around 63-64.