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Non-Tech : Corrections Corp. (CCA)
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To: Tulvio Durand who wrote (73)4/7/1998 2:30:00 AM
From: Kenneth Kirk  Read Replies (1) of 91
 
I've been long myself since just over a year ago, when it was at 25. At this point I'm just trying to hold on for another 5 months so I can take the new 20% capital gains rate. Hopefully this thing won't drop and embarrass me. It was at 44 once last fall, before the big market correction.

There are definitely economies of scale in this industry, and it goes beyond ability to finance. The very nature of a prison favors size.
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