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Corrections Corporation of America Message Board

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  • investorgroup investorgroup Dec 7, 1999 9:43 AM Flag

    Special dividend is guaranteed.

    I doubt that Georgia would cancel any contract
    with the privates due to price. The State of Georgia
    estimates their own per diem cost to be in the high $50's;
    PZN/CCA's rate is in the mid 40's and the other private
    provider in Georgia, CRN, is in either the high 30's or
    low 40's. Either way, the privates' costs are
    significantly lower than the State, and Georgia has stated they
    need the bed space.

    I'd guess that if there was
    any truth to PZN/CCA not renewing the Georgia
    contract, it would be because PZN/CCA had another source of
    inmates in mind. I hear that Georgia can be difficult to
    deal with sometimes.

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