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Corrections Corporation of America Message Board

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  • fullcount_1999 fullcount_1999 Apr 14, 2000 10:16 AM Flag

    You all miss the point

    is when private corrections will go away. Face
    it, even the mismanagement of Doc did not kill it
    (although it did make it limp for awhile). This industry
    has good management and bad management (like all
    industries). Even the bad management seem to survive, and the
    good management will thrive.

    Why....its because
    the fundamentals of private corrections will always
    be strong, and the inmates sure aren't going away.
    This business will not go away, and when the "Doc's"
    are gone, we will be able to return our focus to the
    strong fundamentals of private corrections.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Will come in the Federal Court system, Thats
      where in the end, it will be decided wheather or not
      private companies has the right to house, discipline, and
      be responsible for treatment of the prisnors. My
      opinion, privatlization will loose.
      That decision is
      not far away from being ruled on at thiis
      time....
      Smiles :)

      • 1 Reply to nonthingbutasmile
      • privatization. If you go back 5 to 10 years, you
        will always see a union-sponsored effort to get the
        Federal courts to ban privatization. It has NEVER even
        gotten out of the starting blocks because the economics
        of privatization (whether it's corrections, or
        another industry) will always drive the decisions. To
        make it even stronger, the privates have proven they
        can do as good or better a job at the service (sure
        you read about problems in the papers, but the
        private companies still have less problems than the
        public system -- it' sjust easier for the NY Times to
        print about privates.

        In addition, there has
        been several publications from the Federal system
        themselves over the past 9 months that specifically states
        the Fed's will utilize the privates to solve/deal
        with the current and projected ever increasing
        overcrowding problems. These are not my words, but the Federal
        system itself.

        You will always see opponents to
        this industry, but the industry will continue to grow
        because the fundamentals and economics of privatization
        will always carry the day.

        We just need for PZN
        to clean up it's corporate act. But don't overlook
        other good player(s) in this business. They should all
        be good stock appriciating investments at these
        levels.

    • To keep things in perspective, remember that in
      1979, the numbers in state and federal prisons totaled
      about 400,000. Today, it is about 2 million, including
      jail populations. A total of 5 million either
      incarcerated or under some sort of court supervision (parole,
      probation, home detention, etc.) So it has not always been
      this way, the demand was a function of "getting tough
      on crime." In other countries, it varies greatly. I
      had a colleague visit a prison in a European country,
      and he couldn't believe it was a prison -- more like
      a hotel with guards. So we may see more prisoners
      as society gropes for a solution to crime and
      violence, or less as society and policies change. Right
      now, things are stretched to the max, but don't take
      anything for granted over the long term.

 
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