Have not been watching this one lately, but seems to be moving into a buying range. Dividend looks fairly stable and revenue rising at 8% which is a lot better than a great many firms selling at much higher valuations. Kiplinger's a others have mentioned it recently, along with CXW.
Has your info. on "out of the ordinary book keeping" been made public. If true, this could be a serious charge. Please enlighten us.
GEO is not a fixed income product. A REIT can appreciate in price. Fixed income is really a reference to bonds. GEO can raise the dividend. The interest rates on bonds are fixed.
would be nice,but generally most pot smokers do other drugs that are still illegal. I would anticipate more arrests for driving under the influence also. even if numbers decline, the trend is still in place to hire private firms to manage prison system. time will tell.
Actually interest rates will rise at some point but most experts think it is going to be gradual and not much of an increase which does not effect most unless they have 100% of their debt turning over in one year. Many loans are outstanding for 5-1--15 or more years. In fact companies that use bonds to finance which is many health care REITS actually get lower government subsidized bond financing and most bonds are for terms of 20 and 30 years. I am some health care reits that financed building with these long term bonds. The problem with the health care reits is that they have gone through too much appreciation over the last 5 years and many are overpriced.
Actually, I believe states and the government will eventually not imprison people for distributing grass and that other sentences for drug dealing will decline instead of states taking on the cost to keep people incarcerated for 10-20-30 years. This does not happen in Europe where they put people away for 10-20-30 years. It is just too costly for states to sentence people for such long terms. California is already starting to lighten up on sentencing terms. The reality that we spend more money on each prisoner than we do on veterans, mentally ill and the destitute is starting to sink in with society and that the cost is too great.
This reality has sunk in with stock brokers and others and while the market has been going up this equity has been going down because the growth rate of incarceration and sentencing is going to decrease and it has an impact on GEO.
A massive manhunt involving hundreds of law enforcement officers, hounds, roadblocks and helicopters was underway Sunday