rprince

Corrections Corp: Go Directly to Jail, Do Not Pass Go, Do Collect Big Returns

A stock trading under $30 per share. What does that even mean? If Wal Mart were to split its stock 1 for 3, it too would trade below $30. Would that make it anymore of a buy that it is at current price levels? I don't think so. CXW is still in the growth phase, consuming more cash than it generates from operations. I wonder what would happen to its growth prospects in the event of its creditors reining in facilities or increasing terms.