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Corrections Corporation of America Message Board

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  • investorgroup investorgroup Jul 20, 1999 2:34 PM Flag

    d%&$** unions

    SunTrust Equitable Securities (STE) has been
    following the Private Corrections industry longer than any
    other firm I am aware of. STE had/has a dedicated
    "private corrections" group (i.e. vs most other firms that
    cover PZN,CRN,WHC,CPV, etc within the Special
    Situations Group. Brian Ruttenbur is/was the analyst at STE,
    and he seems to have built a strong analyst group
    there. It's not unusual for STE to have been on these
    companies' offering cover since STE is very knowledgable of
    the industry. I believe Legg Mason has done most of
    PZN's deals.

    Although the Private Corrections
    Industry still lacks sufficient coverage/exposure, that
    should take care of itself in time since the growth
    fundamentals of this industry keep getting stronger. There are
    currently about 6-8 firms covering the industry, with STE
    being one of the first.

    Hope this helps. Good

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