GEO Group (GEO) options in fast market on DOJ ending use of private prisons
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GEO Group (GEO) Opening Delay, News Pending
August 19, 2016 9:27 AM EDTGEO Group (NYSE: GEO) Opening Delay, News Pending
... MoreGEO 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
UPDATE: Corrections Corp. (CXW), GEO Group (GEO) Stock Reactions 'Overdone', Says Canaccord
August 18, 2016 1:12 PM EDT(Updated - August 18, 2016 3:28 PM EDT)
Canaccord Genuity analyst Ryan Meliker commented on Corrections Corp. (NYSE: CXW), and GEO Group (NYSE: GEO) Thursday after shares collapsed in the wake of reports indicating that the Justice Department's plans ending the use of private prisons on BOP contracts. In the analysts' view, while clearly... 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
