The great minds of CCA have done it again. C.B.
retires and he is replaced by yet another politician
(fanny kisser). When will they ever see what they are
doing. The ones with the knowledge and experience keep
getting passed up for the egomaniacs and politicians
(fanny Kissers) The company isn't even aware the people
they promote to the key positions don't have a clue
because they are to busy politicing (fanny kissing) to
What is the hype about promoting from within.
How do you explain all the former BOP and other
outsiders being promoted to key positions while qualified
exisiting CCA managers get the shaft.
This continues to
cause resentment and the loss of experience and much
needed knowledge. The company has gone to sh** because
the only thing you can count on in this company is to
get promoted you need to be a self-serving,
No i have not been passed over.
You could not pay me enough to get caught up in that
rat race, but I have seen a lot of good employees
quit because of the disloyalty shown by upper
I hope you realize that NO ONE is going to listen
to you until you provide something more than
incredibly vague statements designed to induce panic. I
realize you're just a concerned citizen trying to save
everyone some money, but why not do it in the form of
providing some information so each of us can make an
informed decision, rather than asking us to base our
investments on the unsupported declarations of an stranger
who we know nothing about (except that he/she has the
wherewithal to get a YAHOO! ID).
Specifically, the fat
lady hasn't yet sung about what? The LOC extension?
Dreman's investment? Occupancy improvement? The move in
the stock from $9 to $13? The viability of prison
Any illumination you can provide would be
I want to thank all the positive posters during
our long ordeal.
It took lots of guts but I bought
much more than I should in
the low 9's. Now my
average cost is such I am in the black.
I think many
investors will hold for the high dividend and the
institutions than panicked and sold at the bottom will
back in as PZN goes higher .
question, "Why" Simply it was correct but this is
ancient news and I was suprised to see reference to May
Much has been written on this board
trying to understand what happened, poor management,
poor judgement call, FRAUD, not to mention an
unqualified CFO and on and on. This data presented is
insignifigant in my opinion at this moment in time. I beleive
that the NEWSLETTER although true to a certain extent
is immaterial and misleading to new investors with
no other reason but to undermine the stock. Let me
make it clearer there has been a conspiracy to drive
this stock DOWN. We can talk about it all night but
the momentum is on the up side and it is harder and
harder for analist to be looking down. In either case
these are my thoughts and welcome to the board.
then saw yours. Lots of prayer called for here.
We are on our way, no doubt.
The length of the
journey back to respectability is
As I shared with RP and Flip, the terms of the LOC
are compelling, IMO. I hope they lead to a better and
much more stable PZN.
I think yes. One of the best
things I read into the thing (and I don't have much more
than anyone else; just the headlines and some earlier
reconnaissance that a thing like the 100mm would be part)
that a broader base of mgmt and philosophy is being
That one fact, in and of itself, should ease some of
your (and mine--and a helluva lotta others) concerns
about "trust" and "one-man-band" issues that got us
here in the first place. I want to look at a real
"company," now. I want to see the institution of business
planning and development, modeling and measuring, and all
the rest. The boys wanted a REIT, they've got a REIT,
they by definition and now by painful experience
understand the narrow gauge tracks their railroad now
operates on instead of the cowboy-on-
of the CCA past, and I for one am eager to see if
they can get into the harness and pull it off.
Frankly, only the tremendous weight of good choices a
while ago and good luck when they had to have it
carried the day this time.
The sheer totality of all
that this company has become just carried the
PZN is the future of private prisons.
certainly not because of anything the boys have done in the
last 15 mos.
Now they've got a second chance, and a
lot more over-the-shoulder scrutiny, which we now all
know was essential. (Sorry about the rant, but a
bullet dodged, and a future at-hand, and a whole bunch a
folk like us holding something in our hands tonite
besides our sticks.) But still a ways to go before a
comfortable bed awaits. All the best. Nic
that I heard from a different source that the
Dreman presence is for real and the size of his position
is such that PZN management is getting a bit nervy.
Not worried about any sort of takeover as much as a
very loud, prominant voice may be asking questions at
the next cc. Perhaps enhanced accountability is on
it's way, between this news (if true) and the $100mm
big club (which we know is true).
is coming to an end. Like you, I wish its
continuance, and expect it. However, the climb back is going
to be challenging, especially as we ease through the
resistance points where some of the "9-ers" just won't be
able to resist raking it off the table. (and who could
blame them? I held my breath on some of those buys, and
I know for a fact that both of you did, as well)
Rewards richly deserved and never to be judged.
said that though, I want to revisit with both of you
the $100MM investor requirement. In my MOST humble
opinion, that one little feature may be the single-best of
the entire LOC package.
The message it sends is
clear and in my judgement, a clarion cry that
stability is on its way. "You're the biggest and the best
and innately the strongest and longest-lasting in the
field." the underwriters seem to be saying, "but we are
gonna help you protect yourselves from yourselves for
the future." Nic likes that. It's needed and sure
does add a little comfort to the notion of PZN longer
than getting even and then measuring the dividend
And, if I may be permitted a tiny little
the $25MM OPCO thing is the maraschino cherry on top
of the whipped cream on top of the PZN money
Again, a message. Again, some assurance that stability
is expected and that we just MIGHT be able to look
at this long-term again. All in all, Mrs. Lincoln, a
helluva play, given the rehearsal time and the price of
Right or wrong???? An inquiring mind wants to know.
One more thing, and God knows the
Nicster hates anything negative: getting thru
11. Any hairs standing up on that one, or should all
be OK? (at least where you all sit tonite)
When I read that I thought there had to be
something personal there because of the strong language.
How many brokerage reports have you ever read, no
matter how negative, in which the analyst refers to
management as "smoothies" or "idiots". Pretty strong.
who are saying that if this puppy ever gets back
to 20, I am outtahere. Looking back, I violated two
of my investment principles. I was so happy with the
stock's strong performance (up from 16 1/2), I was
averaging up and writing calls, first thing I knew I had
way more stock than I should have had --
overconcentration in one stock. And, because I had confidence in
the management, I made mistake number 2 -- did not
protect my position with either puts or stops. Now, I
have repurchased (after taking tax loss), and will
hedge with puts if we can get to 15. I don't know that
I will ever trust Doc again, and if we ever see 20
again, I will be in there lightening up. On the other
hand, a new management at the top could restore some
confidence. Sorry for rambling, and hope our good fortune
if this damn thing will stay above 12 1/2 to
earnings announcement then the gap back to 17 should be an
easy hurdle. I am biting my fingernails here as I am
out of stock and I for one will never chase this
stock again . good luck to all here.