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  "documentTitle": "Corrections Corporation of America (CXW)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-10-20 00:00:00",
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  "notes": "The table uses two scenarios for Cap Rate (8.0% and 6.0%) to determine the valuation range.",
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      "kind": "callout",
      "text": "An OpCo / PropCo analysis suggests the stock could be worth between $40 and $54 per share",
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      "text": "share price: $40-$54",
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      "text": "OpCo Valuation: 2012e PF EBITDA $132, Multiple 8.0x, OpCo Value $1,057. PropCo Valuation: 2012e NOI $386, Cap Rate 8.0%/6.0%, PropCo Value $4,822/$6,429. Total Value $5,878/$7,485. Per Share $40/$54.",
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      "kind": "title",
      "text": "Illustrative Sum-Of-The-Parts Valuation (Cont'd)",
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