CP's model will appeal to many governments that are short on cash. CP installs the kiosk and adminsters the transfers at no cost to the prison. The equipment is not cheap. By one estimate, each system costs $25,000. A typical retail ATM, by contrast, costs about $10,000.
Maybe CPSZ should change the way they install these machines, they should charge a fee that will over time buy back the machine rather than slam a $25,000 machine into any nook and cranny. Each contract appears to be an average of 5 years, so how about after then 10th year (2nd renewal) they will be paid off. If what they have is the turn of the sentry money saver product, why not charge now pays off later idea. Call it the 2nd wave or new policy update changes from January 2013 forward.
The stock should not be an ATM which runs the average cost of 10,000. If they are in fact using this stock as an ATM I will be very upset along with other heavy investors.
I will be sending an email directly to CPSZ to express my thoughts of this stock, if you agree you too should email them and express your thoughts and see what kind of reply you get back.
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