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Corrections Corporation of America Message Board

r7ualj 101 posts  |  Last Activity: Dec 22, 1999 4:07 PM Member since: Feb 3, 1999
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  • Reply to

    Payment of the dividend

    by flipper_58 Dec 22, 1999 3:39 PM
    r7ualj r7ualj Dec 22, 1999 4:07 PM Flag

    since we were all on the CCA board. Sell now or lose, lose, lose. rofl

  • Reply to

    dividend a 6% return in 2 weeks

    by samsomthing Dec 22, 1999 9:56 AM
    r7ualj r7ualj Dec 22, 1999 3:17 PM Flag

    Now that Doc is gone, who will replace him?

  • Reply to

    dividend a 6% return in 2 weeks

    by samsomthing Dec 22, 1999 9:56 AM
    r7ualj r7ualj Dec 22, 1999 1:49 PM Flag

    The FBOP will not award the contract without
    state and local authorization. This is clearly stated
    in the RFP. CCA can't obtain this authorization in
    CA. This is one reason why spec prisons are so risky.
    This stock will not see the bottom at $3 as others had
    predicted. PZN will become a penny stock before there is any
    sustained positive movement.

  • Reply to

    Flipper 2

    by Reitmaster_98 Dec 21, 1999 2:18 PM
    r7ualj r7ualj Dec 22, 1999 9:30 AM Flag

    God Bless The Dead

  • Reply to

    Special dividend is guaranteed.

    by Reitmaster_98 Dec 6, 1999 11:28 AM
    r7ualj r7ualj Dec 6, 1999 1:14 PM Flag

    if the stock isn't worth anything now and probably will never be worth anything? You should have purchased AOL or Phone.Com instead

  • Reply to

    Vanguard Funds comes into the picture

    by flipper_58 Dec 3, 1999 10:46 AM
    r7ualj r7ualj Dec 6, 1999 1:12 PM Flag

    I once posted something about Hutto's connection
    to the ACA and got a response from him. Just goes to
    show that insiders are here and spreading the PZN/CCA
    gospel. PZN is not alone in its quest to reach new depths
    - other corrections companies are also taking a
    hit. Its already an unfashionable stock and then you
    have the conflicts of interest and lack of integrity.
    Maybe Doc can sell the rights of this story to
    Hollywierd and get stockholders some of their money back.
    lol

  • Stock is approaching new low

  • Reply to

    Tax loss selling and buyback 30 days?

    by mecosmo2 Nov 29, 1999 2:18 PM
    r7ualj r7ualj Nov 30, 1999 11:23 AM Flag

    <EOM>

  • Reply to

    just whining like the rest

    by wineman1864 Oct 13, 1999 8:16 PM
    r7ualj r7ualj Nov 19, 1999 4:08 PM Flag

    Contract For Airport Security Services In Mexico
    City Awarded
    To

    11/19/1999
    PR
    Newswire
    (Copyright (c) 1999, PR Newswire)


    PALM BEACH GARDENS, Fla., Nov. 19 /PRNewswire/ --
    The
    Wackenhut Corporation (NYSE: WAK WAKB) announced
    today that
    its Mexican subsidiary, Wackenhut Mexico
    S.A., has been awarded a
    contract by Servicios de
    Apoyo en Tierra (SEAT), for physical security
    of
    its operations at Mexico City International Airport.


    Fernando Carrizosa, president of the
    international group of The
    Wackenhut Corporation, said,
    "The contract commences this month and
    will have
    an annualized value of approximately $1 million.
    Wackenhut
    Mexico is the largest private provider of airline
    security in Mexico, and
    currently provides security
    services to Aeromexpress, Air France,
    America West,
    American, Avianca, British Air, Canadian Air,

    Continental, Delta, Iberia, Japan Airlines, Lan Chile,
    Lufthansa, TWA,
    United and Varig."

    Stefano
    Spataro, General Manager and Partner of Wackenhut's

    operations in Mexico, stated that, "This is the first
    opportunity we have
    had to provide our professional
    services to SEAT, the largest provider of
    ground
    support services in Mexico, with operations at 58
    airports. It is
    our goal to expand our operations in
    the future to include other SEAT
    operations
    around the country."

    Wackenhut has had
    operations in Mexico since 1981 and currently has
    over
    800 security officers at commercial and government
    contract sites
    throughout the country. The new
    contract will require the company to
    employ over 130
    additional personnel to provide physical security at the

    SEAT locations.

    The Wackenhut Corporation is
    a leading international provider of
    integrated
    business services to major corporations and a wide range
    of
    industrial and commercial customers. Its
    principal business lines include
    security-related
    services; correctional facilities and services; and
    flexible
    staffing services. Wackenhut is a leader in the
    privatization of public
    services for municipal, state and
    federal agencies, and has operations
    throughout the
    United States and in over 50 other countries on six

    continents.

    The Wackenhut Corporation is the
    majority shareholder in Wackenhut
    Corrections
    Corporation (NYSE: WHC), a global leader in privatized

    corrections: designing, financing, building, and managing
    correctional and
    detention facilities for government
    agencies.

    The Wackenhut Corporation
    (www.wackenhut.com) trades under two
    symbols on the New York
    Stock Exchange, the Series A Common
    Stock and the
    Series B Common Stock. The Series B Common Stock
    has
    no voting rights, but in all other respects is the
    same as the Series A
    Common Stock.

  • Reply to

    Blew Thru $9

    by flipper_58 Nov 18, 1999 10:17 AM
    r7ualj r7ualj Nov 19, 1999 10:18 AM Flag

    Besides the tax liability that would be incurred
    and the re-structuring costs, PZN would also be in
    danger of defaulting on some of its loans since they
    were provided on a REIT basis.

    Another option
    could be for PZN to drop Doc's companies (i.e., the CCA
    brandname OPCOs) and become a real REIT.

  • Reply to

    Blew Thru $9

    by flipper_58 Nov 18, 1999 10:17 AM
    r7ualj r7ualj Nov 18, 1999 11:02 AM Flag

    You will soon know!

  • Reply to

    Blew Thru $9

    by flipper_58 Nov 18, 1999 10:17 AM
    r7ualj r7ualj Nov 18, 1999 10:19 AM Flag

    How low can you go?

  • Reply to

    Happy Birthday, Doc.

    by Foodmaker1 Nov 16, 1999 11:09 PM
    r7ualj r7ualj Nov 17, 1999 8:54 AM Flag

    Convicted murderer escapes from private prison in
    Pamlico
    County

    11/17/1999
    Associated Press
    Newswires
    Copyright 1999. The Associated Press. All
    Rights Reserved.

    RALEIGH (AP) - Authorities
    today sought a convicted murderer who
    escaped
    during a visit to a New Bern doctor outside the
    privately-run
    prison where he was being held.

    Glenn E.
    Jacobs, 37, who is currently serving time for armed
    robbery
    and being a habitual felon, escaped from the
    doctor's office about 3:15
    p.m. Tuesday, state
    Department of Correction officials said. He was
    under
    the supervision of armed guards from Pamlico
    Correctional
    Facility when he escaped. The Bayboro prison is a
    medium-custody
    unit run by Corrections Corp. of America.


    The escapee still was at large this morning, said
    Tracy Little, a
    Correction Department
    spokeswoman.

    Jacobs was convicted of second-degree murder in
    1988 in Cumberland
    County and sentenced to 20
    years in prison. He escaped on Feb. 27,
    1992 and
    was recaptured April 3, 1992. He was paroled in
    February
    1996.

    Jacobs was first sent to prison in
    December 1983 after being convicted
    in Cumberland
    County of larceny and receiving stolen goods. He was

    sentenced to three years in prison and paroled in January
    1985.

    Jacobs' latest escape came while he was serving a
    sentence of 119
    months to 152 months for a 1996
    conviction in Wake County.

    In September 1986,
    Jacobs, formerly of Hope Mills, shot and killed
    Louie
    Kenneth Locklear Jr. inside a mobile home, Cumberland
    County
    sheriff's deputies said.

  • Reply to

    Interstate Commerce

    by gseay22 Nov 5, 1999 9:34 AM
    r7ualj r7ualj Nov 5, 1999 12:54 PM Flag

    The FBOP is not the INS or US Marshal. The FBOPs would require PZN/CCA to establish the authority to lock up federal inmates in CA. See Cornel in PA as example. Thanks 4 thinking of me folks.

  • Reply to

    just whining like the rest

    by wineman1864 Oct 13, 1999 8:16 PM
    r7ualj r7ualj Oct 29, 1999 11:37 AM Flag

    Wackenhut, Quantum Cycles and
    U.S.
    Technologies Inc. Form
    Venture

    29 October
    1999

    Wackenhut, American Quantum Cycles, Inc. and U.S.
    Technologies
    Inc. Form Venture for Finishing of Motorcycle
    Parts

    WEST PALM BEACH, Fla.--Oct. 27, 1999--Wackenhut
    Corrections
    Corporation (NYSE: WHC), American Quantum Cycles (AMEX: AFV)
    and
    U.S. Technologies Inc. (OTC BB: USXX) have signed a
    contract forming a
    Venture for the finishing of
    motorcycle parts.
    The work will take place at the South
    Bay and Moore Haven Correctional
    Facilities, State
    of Florida correctional facilities that are managed
    by
    Wackenhut. The project will be co-managed by American
    Quantum which will
    be responsible for quality control
    and training; U.S. Technologies which will
    be
    responsible for operations supervision. U.S. Technologies has
    been approved
    by the State of Florida, Pride
    Enterprises and the Federal Bureau of Justice
    Assistance
    to operate a new Prison Industry Enhancement (PIE)
    Project at the
    two facilities.
    The work will
    include polishing of aluminum and stainless steel
    parts,
    fabricating fiberglass parts along with custom painting of
    fenders, gas tanks and
    instrument consoles. The
    contract has an option phase, which is based
    on
    performance of the first phase that includes motorcycle
    assembly. American
    Quantum's Director for Quality
    Assurance will be their General Manager for
    the Project
    on site and will be responsible for operations
    management, quality
    control and worker training.
    Rich
    Hagen, CEO of American Quantum Cycles stated, "this
    Venture will
    allow American Quantum to expand their
    production of quality motorcycles
    with substantial cost
    savings and will also teach the inmates skills that will
    serve
    them well upon release. We pay market wages for the
    work but a portion of
    each inmate's wages goes
    directly to spousal support, child support and a
    state
    fund for victim restitution. We consider this a triple
    win with American
    Quantum, the inmates and society
    benefiting from the Venture."
    Wackenhut Corrections,
    based in Palm Beach Gardens, Florida is a
    world
    leader in the privatized corrections industry and has
    contracts or awards to
    manage 55 correctional and
    detention facilities in North America, Europe
    and
    Australia. Twelve of the facilities have PIE or government
    industry programs in
    place or under development.

    American Quantum Cycles manufactures American-made,
    high
    performance, custom-made, cruisers and touring style
    motorcycles with
    state-of-the-art engines utilizing a
    patented four-valve head for greater power
    and lower
    pollutant emissions. Using a PC-based kiosk
    Intranet/Extranet
    system installed in dealer showrooms, customers can
    select a precise
    motorcycle design with options
    tailored to their requirements. For more
    information
    visit the Company's Web site at
    www.quantumcycle.com.
    U.S. Technologies, based in Washington, DC, is a
    national outsourcing
    company, which solicits
    labor-intensive work from Fortune 1000 companies to
    be
    performed by its manufacturing subsidiary,
    Labor-to-Industry Inc. (LTI) or
    by its service subsidiary,
    Service-to-Industry Inc. (STI). The Company
    performs its work
    utilizing detention facility inmates under the guidelines
    of the
    Prison Industry Enhancement Program
    (PIE).

    This release contains forward-looking statements
    that are subject to risks
    and uncertainties.
    Although American Quantum Cycles believes that
    the
    expectations reflected in its forward looking statements are
    reasonable, actual
    results could differ materially from
    those expectations. Important cautionary
    statements
    and risk factors that would affect actual results are
    discussed in
    materials filed by American Quantum Cycles
    with the Securities and Exchange
    Commission.

  • Reply to

    dcbivens: Please note that you will...

    by babycakesfirst Oct 28, 1999 7:26 AM
    r7ualj r7ualj Oct 29, 1999 11:28 AM Flag

    Flip do you know what would be the perfect or best hedge against prison stocks (i.e., stocks that zip when prison stock zag)? Any suggestions would be appreciated.

  • Reply to

    Reverse II

    by r7ualj Oct 27, 1999 12:03 PM
    r7ualj r7ualj Oct 27, 1999 1:23 PM Flag

    Yeah High -- you do need a considerable risk
    premium (i.e., yield) for a company like this one. As far
    as unions, I don't care what your predisposition is.
    As far as my post, the evidence speaks for itself.
    If Doc screws shareholders, that's on them, but the
    public should be made aware of the repeated foulups by
    CCA. Any other organization would come under the same
    scrutiny. The prison guard crimes out in California's
    system are shameful and that was a public system with
    union guards, but that doesn't matter. If a company or
    system is not able to do an adequate job, it should be
    penalized. Don't give me repeated evidence of CCA's
    inability, and I won't be able to post. You hate the
    messenger when you should hate the message.

  • r7ualj by r7ualj Oct 27, 1999 12:03 PM Flag

    You're right, but the rate of escapes at CCA-run facilities far exceeds that of gov't run institutions, or other private vendors for that matter.

  • Local
    CONVICT SLIPS CUFFS , ESCAPES GUARD


    10/19/1999
    The Tennessean
    CITY

    Page 6B
    (Copyright 1999)

    An inmate
    at the Metro Davidson County Detention Facility
    escaped
    yesterday afternoon in the parking lot at the
    Metro Criminal Justice
    Center.

    Timothy
    Grove, 20, slipped through his handcuffs and fled from
    the
    guard assigned to watch him and 15 other inmates,
    Warden Tim
    Wilkinson said.

    "He slipped
    through his restraints, bolted and ran, and rather than
    give
    pursuit, the guard stayed with the other 15."


    The inmates from the Harding Place center, which
    is operated by
    Corrections Corp. of America,
    were at the justice center on routine
    court
    business.

    Grove is white, 6 feet 2 inches tall,
    weighs 175 pounds and has dark hair
    and hazel eyes.
    He is from Nashville, and was serving a sentence
    for
    aggravated burglary.

CXW
14.78-1.18(-7.39%)Sep 27 4:01 PMEDT