UPDATE: Corrections Corp. (CXW), GEO Group (GEO) Stock Reactions 'Overdone', Says Canaccord
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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) Reports BOP Extension of Ray James Correctional Facility Contract
August 19, 2016 7:30 AM EDTThe GEO Group, Inc. (NYSE: GEO) announced that the Federal Bureau of Prisons (the BOP) has extended its contract for the company-owned D. Ray James Correctional Facility (the Facility) for a renewal term through September 30, 2018 under its existing ten-year contract which is effective through September 30, 2022.
George C. Zoley, Chairman and Chief... More
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
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
GEO Group (GEO) options in fast market on DOJ ending use of private prisons
August 18, 2016 12:27 PM EDTGEO Group (NYSE: GEO) is recently down 46% on the DOJ ending use of private prisons. August and September 30 puts are active.
... 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
