Yes the sccf incident was blown out of proportion. It did have all of the rumblings that could have lead too a major problem. If the commish. of the St of Tn had not have quickly and call in the state troopers and a correctional officers from a locale state ran facility this could have been huge. Why is it that a cimpany is paid by tax dollars, they botch it and the Tax payer get stuck with the bill again.
I'm just a stockholder, not an expert in this field but I don't understand the problem with State and Local law enforcement assisting (at taxpayer cost) with a prison break from a privately run prison. I would assume that this occasional (very rare) cost is factored in to the operator's contract. If prison breaks became too frequent, the operator would "pay" for this either by losing the contract or through their contract provisions (rates).
Question for you - when a local or state run prison experiences a prison break, does that Prison's operating cost get hit with the cost of State Trooper assistance? I'll bet not.
As always, nobody's asking for preferential treatment. Let's just make sure we are always comparing apples to apples.
I have had the opportunity to work with a fellow in the last six months who was Chief Strategist with a large Japanese Brokerage firm for many years. Since then he has ventured on his own into private money management. For appx. 6 years he's been working on a long/short term trading program which we are back testing the short term now. The long term he has used successfully for years.....sorry he doesn't allow me to give out the info. on what it's saying.
I mention all this because the basic premise of the program is: first a low, successful retest of the low(this test determines if it was the low)...buy on the pullback after the successful retest. I see this in PZN long term pattern. No I did not enter this into the system, I can't, plus PZN's beta way too low.
I can't comment on mid 20's by May. Maybe. There is a lot of stock over head and supply still coming out so I wouldn't think it so quick...I hope I'm wrong.
The reality of the situation at SCCF was that the commissioner ofTDOC was contacted and did offer his support and had backup if necessary. In actuality, the backup was never put in use and the staff of the facility (private as they are) handled the situation. This does not mean that the availability of the backup was not appreciated because it was. Fortunately it was never used. I know because I was very instrumental in the solution.
Your title serves you justly. 1st you fed false information at the beginning of this new. I suspect the information you are feeding now is also false. This is just a speculation from the inside.
If there was a situation at any prison (state or private) that was large enough scale, the state troopers and other law enforcement agencies would be called in. If you can't understand this I will explain. Like us there job is public safety. Regardless of the cost to whom we in the facilities along with law enforcement have the public interest as a #1 priority.
If you would like to compare apples to apples, when a similar situation were to happen at a state facility. The cost wouldn't be shown for that of the highway patrol. Therefore, let apples be apples.
Thank you for your post and work from the inside glittergoddess. I hope I remembered your name right.