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Corrections Corporation of America Message Board

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  • crosswindlandings crosswindlandings May 15, 1999 12:03 PM Flag

    You can hear it now. 2

    While the short term bungles have certainly
    whacked the stock price, I didn't buy PZN as a short term
    holding. I bought it as a very long term (i.e. years)
    investment, as the burgeoning demand for private
    sector-financed prison space lifts the fortunes of prison REITs.
    Governments cannot afford to fund the capital cost of
    building new prisons, and will eventually turn to prison
    REITs to build their new facilities (whether they turn
    to prison prison management too I is something I
    don't care to invest in - too controversial and risky).
    I would hazard a guess that we've just about seen
    the last of the big mistakes PZN will make, and
    provided Wall St. can look past them to the future, we're
    on our way.

13.35-0.28(-2.05%)Oct 27 4:02 PMEDT