Have owned shares of CPV since inception a year
and ahalf ago. Is a solid company that leases prison
structures/buildings to Wackenhutt (WHC) (WAK) a well established
company with 40 years experience that specializes in
private security and corrections operations. The
corrections piece is newer than their private security
operations. Have studied the privitized corrections industry
and believe it is becoming more prominent and
accepted as State and Federal Government turn to private
industry to reduce correctional expenses. A private
contractor such as Wackenutt can run a prison operation for
minimum custody prisoners for much less than what it cost
the state of Federal Government to run their own
prisons. Privateers can tailor make or trimm out alot of
the unnecessary costs that are associated with state
run correctional programs. It is the industry of the
future. Unfortuantely crime stats are on the rise and
there is a great need to house more and more inmates.
The private corrections industry...by many... is
viewed as a viable solution. CPV is a new company on the
cutting edge of a relatively new industry. Have to be
patient though, must look at this stock from a long term
perspective it is not a fast burner but pays a fair dividend.
Much better than what you can get in a CD, money
market or passbook. Long term I don't think you will be
dissappointed. It is involved in a secure business there will
always be a need for. The long term prospects are great.
Would recommed to anyone they get in now while the
shares are so undervalued. Plan to buy more my self
tomorrow. Don't think these prices will last forever. Watch
for the release of their quarterly earnings this
Friday, don't think you will be dissappointed.