Not one response to my posting responded to any
of the points I raised. I guess when a person can't
dispute the message, they attack the messenger. What a
For the record, I have been a vocal
and public opponent of private prisons in Ohio. I
work with real corrections officers, not the poor
schmucks CCA, Cornell, Wack, CiviGenics etc., sucker in
for a few months at a time.
I don't check out
this forum very often. When I did yesterday, it was
only to see what kind of chatter was occuring in
response to the continuing drop in the stock prices.
Instead of finding an angry mob, I found a surprisingly
large number of you continuing to play of game of
liars' poker with each other. This was the same
situation when I checked on this forum 3 and 6 months
Unless some of you are closet MBAs, you are way out of
your league in being able to sort out the murky future
When not one professional
analyst is suggesting that PZN is a good buy, even at the
historical lows, you better cut your losses.
You keep ignoring my point.
I have NO
view of the relative performance of private and public
I am only pointing out that
it is meaningless to evaluate the performance of one
operator without any standard of comparison. You and
others have asserted that the performance record of CCA
is relevant to this board, even without any
knowledge of any kind regarding the performance of other
operators. That is logically absurd. No performance can be
analyzed without some standard of comparison.
only know that 4 minutes is a fast human time for
running a mile because few humans can do that. It is not
a fast time for a horse, because almost any
healthy, adult horse can run a mile in less than 4
I had a rather lengthy post composed but in
essence, CCA/PZN, through mismanagement at both the
corporate and facility level, has suffered,
You're obviously a social scientist so please, explain
to this board your unbiased and analytical view of
the industry. Will any study conducted in the future
And never you mind Avery, he or
she doesn't speak the language.
If comparisons are so difficult, or even
impossible, then why post info on private prison screw-ups?
They relate to nothing by your analysis. You can not
criticize CCA for screw-ups if you believe that there is no
evidence anyone else could do better.
trapped by your own lack of logic.
I don't have a single share of stock in Corcoran.
Their management is terrible and you can't get good
information out of their IR dept. And, come to think of it,
they haven't paid a dividend lately.
No, its not simple. Event ABT proved the analysis
was not simple and supposedly, their think tank is
one of the best. Never, will anyone be able to
compare to the penny that one is more efficient than the
other. Nor, will anyone convincingly prove that one, in
terms of quality of service is better than the other.
Afterall, what do we want from prisons, public or private?
There is no consensus on that.
I'm not 411, so I
suggest you do a little research on those cost
comparisons. The data is available. The hypothetical studies
you can trash. Studies done by a so-called
ex-professor you can trash. What comparitive studies are
available support both sectors but do we suggest that if
privatization saves a penny, it's more efficient.
policy is never focused on financial concerns. That's
not what public policy is. We leave implementation of
that policy to our politicians who seldom give a hoot
what you and I think.
I do not mean to suggest that the analysis is
simple, nor do I claim to have evidence showing that
private prisons are superior to public prisons.
point is simple. It is insufficient to look only at
private prisons. We must also look at public prisons.
Assertions that the performance of public prisons is
irrelevant to the evaluation of private prisons are simply
If, in your opinion, comparisons to
date do "don't favor private prisons", then you should
present the comparative evidence to support that
I have never mentioned union influence.
not believe that public policy is excessively focused
on financial concerns. Cost is an important
consideration, as is quality of service. Neither should be
evaluated in isolation.
How do you measure that? Would it be fair to say
the verdict is still out on private prisons? When do
we conduct that longitundinal study? I would say so
far (IMHO), deliberations don't favor private
prisons. Then in an effort to deflect responsibility, it's
is somehow union influence that makes it so. Hard
one to figure. Management in any sector is usually
not proactive, anyway.
We all know what
influences public policy, don't we?$$
While it is probably true that public prison
screw-ups do not have an immediate impact on private prison
stocks, there certainly has to be some long-term
Just as it is impossible to imagine that states would
contract with private prisons to save money, regardless of
the quality of service delivered, it is also
impossible to imagine that the quality of service can be
evaluated in a vacuum. Everything is relative.
evaluating the quality of service provided by CCA, we should
compare the results to other private operators and to
public operators. Further, we should try to compare
comparable prison inmate populations (murderers and rapists
can be expected to pose greater problems than bicycle
I am not trying to ascribe bias to anyone's
reporting on this board. I just believe that it is clearly
relevant to compare CCA performance to that of both other
private operators, as well as public operators, from a
long-term point of view. For myself, daily stock movement
is almost a distraction. The long-term is what
really counts anyway.