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.
You received mislead information, The information you received on this subject is just what they have wanted you to receive, Have you ever tried to obtain information that they dont want you to receive? Dig deeper my friend, you will find a diferent story, other that what the private sectur wants you to receive. Go back and dig into Federal Reports on privatelization. I know what you are thinking, there is all kinds of reports out there concerning privatelization pro's and con's. but got the the federal government reports, not the private studies, which can be bought for a price. You will see a totaly diferent opinion. The reports are almost complete, and final studys almost done. Privatelization of our countrys prison system is almost a thing of the past.