U.S. DoJ Affirms Plans to Phase-Out Use of Private Prisons (CXW) (GEO)
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GEO Group (GEO) Comments on DOJ Decision; Disappointed with Action, Says Impact Not Imminent
August 18, 2016 4:59 PM EDTThe GEO Group, Inc. (NYSE: GEO) commented on the Department of Justice (DOJ) announcement regarding contracted prisons for the Federal Bureau of Prison (the BOP). GEO has had a long standing private-public partnership with the BOP that dates back to the 1990s. At the federal level, GEOs facilities have a proven track record of providing cost-effective, high quality services for those entrusted to GEOs care.
While... More
Corrections Corp. (CXW) Comments on DOJ Action; Says Findings Don't Match with Independent Studies
August 18, 2016 4:27 PM EDTCorrections Corp. (NYSE: CXW) sent out the following commentary today to StreetInsider.com with respect to the Deparment of Justice's move to phase-out the use of private prisons:
We value our partners, and we will continue to work with them, both through the types of management solutions weve provided for more than three decades, as well as... More
Analyst Sees DoJ's Move Away from Private Prisons as More 'Aspirational than Attainable' (CXW) (GEO)
August 18, 2016 12:48 PM EDTHeight securities is out with commentary on Corrections Corp. (NYSE: CXW) and GEO Group (NYSE: GEO) amid news that the Dept. of Justice is moving away from private prisons.
Analyst Daniel Hanson commented today:
While the Obama administration may desire a reduction in the use of private prisons at the federal level, we believe that this goal is more aspirational than attainable. CXW and GEO both operate facilities that are vital to the smooth functioning of the federal prison system, and they will remain integral over coming... More
Corrections Corp. (CXW) Paused Again for Volatility; Shares Down 50%+
August 18, 2016 12:41 PM EDTCorrections Corp. (NYSE: CXW) triggers volatility trading pause once again. The stock is down over 50 percent for the session.
... MoreCorrections Corp. (CXW), GEO Group (GEO) Paused Again for Volatility
August 18, 2016 11:56 AM EDTCorrections Corporation of America (NYSE: CXW) and GEO Group (NYSE: GEO) are both paused for volatility.
... MoreGEO Group (GEO) Halted on Circuit Breaker for Second Time, Shares Down 30%
August 18, 2016 11:45 AM EDTGEO Group (NYSE: GEO) Halted on Circuit Breaker for Second Time, Shares Down 30%
... MoreCorrections Corporation of America (CXW) Halted on Circuit Breaker
August 18, 2016 11:37 AM EDTCorrections Corporation of America (NYSE: CXW) Halted on Circuit Breaker
... MoreCorrections Corporation of America (CXW), GEO Group (GEO) Decline; Justice Department to End Use of Private Prisons - Washington Post
August 18, 2016 11:33 AM EDT(Updated - August 18, 2016 11:41 AM EDT)
(Updated - August 18, 2016 11:35 AM EDT)
GEO Group (NYSE: GEO) and Corrections Corporation of America (NYSE: CXW) shares were hammered Thursday after the Washington Post... More
