a web page that shows facility utilization % by
If you go to this page, and scroll down to the
privately managed prisons section, they show data on the
Eloy Detention Center. As I understand it, this is a
CCA/PZN facility for federal inmates. The data they show
on the page is as of May 21,1999. It shows only 1195
of 1500 beds occupied, 79% utilization.
does not seem to jibe with the press release that was
put out by the comapny which indicated all beds in
the federal system are at 100% capacity.
anyone understand this? Is this definitely a PZN
facility? Are all the beds supposed to be for Federal
Inmates?? I am confused.
olddaddygram. Speculation is fine, but your post
read as if you knew as a fact that there had been
stock manipulation. There just seem to be a lot of
posts trying to blame everyone but management for what
has happened to the stock.
Yeah, I know. I just through the thing in the garbage. My point was that this was an extreme case that demonstrates the rule, these class-action security suits benefit the lawyers and nobody else.
I didn't realize that we didn't have the right to
speculate on this board. Those other 2000 or so posts,why
havn't you criticized them for their speculations. Since
when is the part brokerage houses and marketmakers
play not an issue in the price of a stock. In answer
to your question, I am looking for justification for
the current price of PZN's stock. I am long in the
stock and am trying to infer through my message that
PZN is more valuable than it's price. I blame
makers, bond issuers and Doc
for the price being where it is today. That's why I
suggested the SEC look into it. My only proof is that I
have personally received funds from a major brokerage
firm because a broker fraudulently misrepresented a
stock to me and others. So, I know these things are
possible. In the case of PZN, I have no proof, at this
time, of anything like this happening. Sorry if I
stepped on your toes.
"Brokers, analysts, et al, took advantage of PZN.
Do you have evidence of security houses shorting the
stock, or are you looking for justification for the
current stock price beyond the recent management
missteps? If you have evidence, please share, otherwise
focus on issues not speculation.
Brokers, analysts, et al, took advantage of PZN.
Certainly some of the critics shorted. Some of the past
major boosters of PZN in the brokerage business
shorted. Fortunes have been made by the shorts since Doc's
unfortunate telephone conference with the analysts. The SEC
should investigate what some of the brokerage houses
have done. Many sheep have been sheared. Brokers
short position that advised their clients
to get out bear some of the responsibility for PZN's
their day in court and I sincerely hope
everything works out best for everyone involved. I wish
nothing like that would ever happen in any facility and I
wish there wasn't a need for such
That's one of the differences between me and my friend
R2D2, as nic has penned him. I wish incarcerations were
not necessary; I would gladly have found other
investments that certainly would have worked better for me.
If prisons were not needed, R2D2 and his work
associates would have to find other employment; it is their
livelihood. Despite their protests, they don't want better
prisons or better conditions for prisoners. They want the
maximum number of prisons staffed by the maximum number
of Unionized guards. No reasonable person can say
Also, as opposed to the R2D2's of the world, I'm
searching for "the truth" in regards to PZN as an
investment and as a company. If anyone wanted to search the
old CCA archives they would see some pretty stinging
indictments from me. R2D2 is what nic has referred to as the
consumate paid shill. He (she/they/whatever) scour the news
(and they do have one hell of a search engine) for
negative news on PZN. Never any balance. Interestingly,
not even any negatives on WHC. Why is that? Because
he knows that WHC and CPV are not the threat to
Unions. It is PZN (re-read our new poster who talks about
CA. allowing private prisons of less than 500
occupency to be built). If WHC/CPV has the market share and
momentum of PZN, the attacks would simply be
I will say that as far as posters go, I do in some
ways respect R2D2. He makes no attempt to hide who he
is or what his mission is. There is honor in
Back in the 70's I shorted stocks more times than I
went long. There is absolutely nothing wrong in
shorting a stock. It actually often serves to shake up
management and cause positive change. I've learned alot from
some of the negative posters on this board - cleo is a
good example. I'd love nothing more than for PZN to
make whatever changes are needed to bring her over
from the dark side.
Good luck to all.
A couple of years ago I got a notice that I was
being put in a class for a lawsuit against a group of
market makers. The negotiated settlement was that the
lawyers got some money and the plaintiffs (i.e., me) were
asked to sign off on the deal by giving up our right to
sue the MM's for the same supposed actions that had
damaged us, whatever they were. No money to the
plaintiffs at all, just to the lawyers - we plaintiffs just
had to sign away our rights. What a scam!!!
I bought PZN after the fall, but before it hit
it's low. I went thru a class action against DELL when
it fell to 12.50 a few years ago. Did not get much.
I own 2,500 shares. They said my share should be
over 5,000 I received 500. Class action suits only
bring the price of the stock down and make lawyers rich
and it looks like there soon will be more lawyers
than stock holders. I'm keeping my stock, still own
Dell. I'm a small fish but a long term holder.