Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Todd Van Fleet - First Analysis Securities Corporation.
Todd Van Fleet - First Analysis Securities Corporation
George, Jerry, the capital availability that you outlined last week if I understand it right that pretty much takes you through any projects that you currently have or plan to get underway prior to or even within 2010. Is that right? So if we look out over the course of the next 2+ years, the capital availability that you outlined last week supports those projects?
John G. O’Rourke
Yes.
Todd Van Fleet - First Analysis Securities Corporation
Thinking about Q4, I know that you feel good about where you’re at and the guidance that you’ve given. But if you were to outline or highlight maybe the top two risks as you see it to the quarter and your ability to perform, things that might pop up maybe to bite you here and there, what would those risks have to be would you say?
George C. Zoley
As you may recall, the risks that we were articulating in the last conference call related to shifting of beds at various facilities and following that on a daily basis as I do, I can say that we are well within the guidance we originally gave and our presently reaffirming.
Todd Van Fleet - First Analysis Securities Corporation
I think Maverick County, Montgomery, and Laredo were probably the three facilities I guess of some note George which might have presented some risk related to inmate transfers. Is that correct?
George C. Zoley
Yes. I really can’t see anything else at this time.
Todd Van Fleet - First Analysis Securities Corporation
So we have Laredo which is the take-or-pay contract, Montgomery County sounds like it’s wrapping up nicely, you talked about Maverick being a little bit protracted in terms of the ramp up but you feel you’ve adequately covered that in your numbers here that you put out there for Q4.
George C. Zoley
That’s correct. As I said during my planned remarks, we had a switch between East Mississippi accelerating from December to October and now Maverick stepping back from October to December. In those, costs became kind of a wash on the quarter.
Todd Van Fleet - First Analysis Securities Corporation
George, you talked about the demand that you guys still see out there with respect to ICE, criminal beds, noncriminal beds and the like. If you had to handicap it, how long do you think it would be until you got wind of some notable change or significant change to your forecast or the worldview as you guys have it and know it today? How long would it take before something were to alter that? Would it be shortly after November 4? Would it be three months? Would it be six months? Would it be 12 months? Is there a way to handicap that in terms of the timeframe by which you feel things are unlikely to change from their current state for three to six months and then possibly maybe at the six-month mark, just speaking hypothetically, that we could see if things are going to change that they would change by that point?
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