This is what made me buyer
Cornell tgt raised to $36 at Avondale Partners after receiving the CAR X from BOP (24.51 +1.55) : Avondale Partners notes that yesterday afternoon, Cornell Companies was awarded Criminal Alien Requirement X from the Federal Bureau of Prisons (BOP). The firm believes that this is a substantial positive for CRN as it results in filling 700 beds in its inventory and increases the per diem on 1,700 beds by approximately $10. As a result, the co is adjusting their 2010E EP… More
| Price | $18.45 |
| Price change for today in $ | $-0.30 |
| Price change for today in % | -1.60% |
| P&P rating | ![]() |
| Open Price | |
| Previous close | $18.75 |
| Daily Range | $18.38 - $18.89 |
| 52-Week Range | $13.42 - $25.13 |
| Volume | 81,361 |


Cornell tgt raised to $36 at Avondale Partners after receiving the CAR X from BOP (24.51 +1.55) : Avondale Partners notes that yesterday afternoon, Cornell Companies was awarded Criminal Alien Requirement X from the Federal Bureau of Prisons (BOP). The firm believes that this is a substantial positive for CRN as it results in filling 700 beds in its inventory and increases the per diem on 1,700 beds by approximately $10. As a result, the co is adjusting their 2010E EPS to $1.45 from $1.85 (consensus $1.92) to reflect the transition at the facility and establishing a 2011E EPS of $2.20 (consensus $2.20), nearly 20% growth from their prior 2010E EPS. The firm is also raising their price target to $36 from $31, which the firm notes still reflects more conservative multiples than its peers.
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