really trying to get to bottom of this, if can understand a few key issues, would be helpful. stock seems cheap, prison industry has had great fundamentals, and pzn dominates the marketspace. however, also some inconsistencies i need to work through to get comfortable (previous post). chatter on this page seems to have died out?
Eloy has enough "room" to accommodate as many as 1500 inmates, its "rated occupancy."
However, due to inadequate sewer capacity serving the facility, the BOP has "certified" its capacity for a maximum of 1204 inmates. This lesser effective capacity has prevailed for several years and Eloy has not exceeded its BOP limited "certified capacity" nor is it presently contemplated that the sewer capacity restriction will be relieved to enable utilization of Eloy's rated capacity. Staffing @ Eloy has been set at the 1204 bed maximum level for the past 3 years.
If 1195 beds are occupied, that would represent 99.25% of Eloy's certified capacity.
anyone who attented the annual meeting knows doc is a liar...also someone needs to tell his son to keep his zipper up at the office....turns out the the docs were too smart...harvard and princton or mit...certainly can see doc jr goldman training coming through ..3-5 million for little docs manipulations..west point graduates should understand honor resign
It was good (really good) to see a thread with a legitimate question and answer about capacity & utilization. Why, I don't think that any of you even needed to resort to the top row (@#$%^&*) of the keyboard, that a lot of Yahoo posts seem to resort to.
why would they build a 1500 bed facility and not have enough sewer capacity? that seems like a big waste of money? also, the facility has been open 3 years, if sewer capacity was a problem, wouldn't it have eventually gotten fixed?