to stikninrose2000, There is one shining good example to look at. I invest in most of the corrections stocks, and was surprised to see that most of them took bonuses in 1999 in spite of dropping stock prices. The one EXCEPTION to this was CRN, which looks like the only one of the companies consistently growing EPS without any surprises. Even though CRN posted 30 or 40% EPS growth, NOT A SINGLE OFFICER TOOK A BONUS IN 1999!!! It's good to see a business-minded good company that puts itself with its shareholders. While I like most stocks in this industry at these prices, that is why I hold most of my corrections stocks in CRN.
and how CRN has their act together, I just saw this on the wire this morning (this is the kind of good press this industry needs!).
Santa Fe Private Prison Inmates Aid in Fire Relief Efforts SANTA FE, N.M.--(BUSINESS WIRE)--May 12, 2000--Inmates from the Santa Fe County Adult Detention Facility came to the aid of Los Alamos fire victims Friday, unloading more than 35,000 bottles of water for evacuees seeking shelter in nearby Pojoaque. Responding to calls for assistance by the American Red Cross, Cornell Companies, Inc., which operates the private correctional facility, began organizing the effort by renting a tractor trailer rig to distribute the water, recruiting one of its vendors, enlisting inmate volunteers and gathering supplies for the victims fleeing the fire-ravaged area. ``This is a tragic situation, and we're happy to do what we can to help our community,'' said Lawrence Barreras, the detention facility's senior warden. ``We have the manpower and Cornell is always ready to serve the community where we can.'' Accompanied by 10 guards, about 20 minimum-security trustee inmates unloaded the bottled water Friday afternoon at a shelter set up in nearby Pojoaque. Some of the water was distributed to Los Alamos residents who had been evacuated to the shelter, and the rest stored at a nearby high school for use later. ``These people were sure glad to see us. It looks like they really needed help,'' said one of the inmates, as he passed the box of water to a Red Cross volunteer. ``Cornell consistently looks for opportunities to positively impact our communities,'' said Steve Logan, Cornell president and CEO.
Providing the donated water was a joint effort of Houston-based Cornell, which operates adult correctional and juvenile facilities in Santa Fe, and Canteen Correctional Services, Inc., a food-service supplier to the corrections industry. ``We are working as a partner with Cornell to help relieve this desperate situation,'' said Bill Davis, district manager of Canteen, based in Wayside, Mass. ``We are doing what we can to help.'' Cornell Companies, Inc. (NYSE:CRN - news) is the third largest provider of private correctional, treatment and education services in the United States, with 72 facilities housing more than 14,845 offenders in 13 states and the District of Columbia. The company designs, builds, owns and operates correctional facilities and programs for adults and juveniles, and provides services for offenders on probation or parole.
I'm glad to see SOMEONE has an opinion. Much of PZN's trouble stems from ego and slick dealing, to put it as nicely as possible. The fact that moneys and options were TAKEN while the co. nosedives and stockholders lose their shirts is shameless,depolorable, reprehensible and despicable. I for one am sorry I believed in this corp.