SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (21858)1/8/2000 9:48:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Sue CRN

ok, here is my drill on it
as you know this is a sector that Paul has watched for a very long time
main players ar CRN PZN WHC

sector was once a darling but is out of favor
political concerns, media scare pieces, prison union tactics

CRN has like 80%+ fund ownership
volume for the last month very heavy, lots of dumping
chart screams oversold to me

earnings and revenuse just keep on ticking
up 30-50% consistantly
ests for next year in the $1.10 or so range
P/E thus 7-10x's
book value about $10.00

simple balance sheet
A/R, fixed assets, A/P, andd long term debt

December insider buying not shown most places(yhoo etc) but is on:
insidertrader.com

this is not a high flyer
but i think is "safe" here and has some upside in it
target 9-10 for +25%, 12 possible

I initially bought a small amount on 12/30 at 8.313 for a "Jan pop"
it fell
added 4 times as much so far at 7.375-7.625

for me this is one to buy and set aside for a bit