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Non-Tech : Corrections Corp. (CCA)
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To: Tulvio Durand who wrote (69)4/6/1998 3:17:00 PM
From: Greg Hansen  Read Replies (1) of 91
 
I'm a new buyer of CCA today @ 31 7/8.

I've owned WHC for a few months, having passed on CCA at the time because it seemed fully valued. I bought today primarily because I perceive there to be strong support around 32. Last October when we had the big 'gap down' there was very high volume @ 32. Since the downside risk seems limited, I like the upside potential of CCA at these prices. IMHO the industry will continue to grow rapidly at least for the next 2-3 years. This is the industry leader, their fundamentals remain very good. I think this remains a very good buy while under 35. I don't expect it to get under 30, but if it does without any change in core fundamentals, I'll buy more.
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