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Corrections Corporation of America Message Board

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  • Fedwkr Fedwkr May 22, 1999 12:02 PM Flag

    The good news is ......

    All,

    The folks at the correctional
    facility I visited are vey upbeat! They cite a proven
    track record and growth such as: 1) 60MM 1600 bed
    started in Feb.99 in Florence Arizona, expected to open
    in early 00 and generate annual revenues of 31MM. 2)
    37MM 1104 bed Tallahatchie Miss. facility projected
    for completion in 00 and to generate 37MM/year. 3)
    Two 1524 bed 45MM facilities to be completed in July
    00 to generate 23MM each per year, etc.,
    etc.

    Bottom line is I feel comfortable with what for me is a
    large stake and plan to take advantage of this fire
    sale by accumulating.

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