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Letz mint some ‘ka-ching’

*Crime is a BUY!!!!! (CXW)

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%.

Rated a BUY – ‘A’  at

Rated a Buy ‘1.2/5’ on analyst recomendations

It has 4 ‘Strong Buy’ ratings and 1 ‘Buy’ rating according to Bank of America ratings.

It  had  a great run. Nearly 90% increase in stock price in the last 12 months.

BUT, But, we have a split coming up this month ending. GO ahead guys get some before the split. We smell another big run up.

Never missed earnings and mostly beat the estimates by a good gap.

Private prison operator Corrections Corp. of America announced a two-for-one stock split for shareholders of record on June 29.

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.

Good Luck.


June 22, 2007 - Posted by | Blogroll, Future Buys, Long Term


  1. what’s going on? what is taking it further down?
    i have a big position built @ 25.75

    Comment by Nayan | July 3, 2007 | Reply

  2. Congrats man…you must have gotten in as early as an year or so… You have a great stock…one with a political background. Hey this is just a dip…you must have faced such or much larger dips in this great runs. Then why are you worried about this small 4% drop. Just hold on we are about to take off after the split.

    Comment by youradu | July 3, 2007 | Reply

  3. sorry
    this is in the wrong place.
    my position is in HLYS

    Comment by Nayan | July 4, 2007 | Reply

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