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Non-Tech : Corrections Corp. (CCA)
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To: Tulvio Durand who wrote (71)4/6/1998 8:24:00 PM
From: Greg Hansen  Read Replies (1) of 91
 
At current prices I think CRN is closer to being fully valued.

I am not that familiar with CRN. I looked at it a little after your message and liked what I saw. I am impressed that it has not suffered from the CCA drag like WHC has.

IMO in a rapid growth industry like this, those companies who have access to significant capital at favorable terms are better positioned to finance their growth activities. Both CCA & WHC seem to have an advantage when it comes to size and access to funds to finance growth.

Like I stated in my original post, however, the primary reason I jumped into CCA when I did was because of the technical picture which I considered to be in a position where it presented limited down side risk before running into strong support. I'm looking at a minimum 2-3 year time frame on this and WHC so I'm focusing more on upside potential that short term performance. As to whether my timing was fortuitous..., we will have to wait and see! Cheers and good luck with CRN.
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