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Corrections Corporation of America Message Board

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  • patal2 patal2 Jan 19, 1999 12:16 AM Flag

    Anybody read streetcom today??? What doe

    Increases in crime is what drives the need for
    additional prisons. In strong economies, as we have been
    experiencing, the rate of crime generally goes down. As the
    economy weakens and employment rates decline crime then
    begins to climb. Of course, the more crime----the more
    prison requirements----assuming 'the process' does it's
    job. If you believe we will continue to enjoy strong
    economic growth in the near/longer term, then don't invest
    in PZN. I believe history repeats and our economic
    cycle will, unfortunately, experience a downturn in the
    not too distant future. How long can we absorb
    personal 'bankruptcies' at the current record pace---in
    the best of times? Imagine what's ahead if things
    take a turn for the worst. I don't like sounding so
    negative but just trying to be realistic. PZN seems to
    have a very good future from what my crystal ball
    tells me--- It's a contrarian way to find value but I'm
    putting some money on it NOW.

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