They say 1 in 10 will be a terrorist. Lets say 1 in 10 will be a murder. Then lets say 1 in 10 will be a theft. Then lets say 1 in 10 will be a rapist and maybe another 1 in 10 will commit some other crime. GEO needs to start building a lot more prisons to handle the load of prisoner that are coming and for the ones that have already arrived.
If you were looking for that pullback to buy, it's 20% less than it was this past summer. Sporting an 8%+ yield, if you were waiting for a more attractive entry point, you have it now.
Not to worry. As long as our crime rate increases we have to put them somewhere. This investment over the long term will be okay, you'll just have to realize that those bangs in your neighborhood aren't firecrackers anymore.
Obama's emptying of the Prisons is not good for our business. This President has to go. We need a Law and Order President. Not a President who sympathizes with the criminals , drug dealers, and anti-police rioters.
That ripe old bag of narcissistic career politician sludge is out there tweeting that the government should not privatize any of the prison work. True to form - let's see now - does the government do ANYTHING less expensively or more efficiently than private sector? Does the government want to EXPAND and grow under the defacto SHILLARY the political machine narcissist? And the real question, did she and/or her family AGAIN short these stocks and others prior to that TWEET today? I suspect (as records show previously) that she gets a little pocket change from this one and the recent biotech comments as well - what a pile of garbage and only a fool would vote that worthless pile of dung into office.
"I got drunk the day my mama got out of prison, and I went to pick her up in the rain but before I got there I got run over by a dog gone train." Invest in prisons and rail lines.
Counties fell for a pitch on tax-free bonds for prisons and got nailed with millions in IRS fines.
James Parkey spent more than a decade crisscrossing the U.S. selling poor counties on a way to get rich quick. He’d help local governments issue tax-free bonds to build private prisons that would rent beds to the federal government, mainly to hold undocumented immigrants. Parkey’s model for financing lockups, which he promoted with help from a team of bond dealers, consultants, and lawyers, led to a boom in prison construction. While the jails succeeded in many places, almost two dozen defaults followed in cities and counties from Florida to Montana as the prisons struggled to fill beds amid the sudden glut. Then the IRS got involved.
As of July, eight detention center deals were being investigated over their tax-exempt financing, according to an IRS document. Several other counties in Texas and Arizona have settled with the government, paying as much as $1.9 million and refinancing their prisons with taxable debt, including at least three developed by Parkey and his network. In most cases the deals were “basically snake oil,” says Bob Libal, executive director of Grassroots Leadership, a nonprofit in Austin opposed to private prisons.
Parkey, an architect, got into the correctional facilities business in the 1970s, when Texas ordered counties to rebuild their crumbling jails. In the 1990s he founded Corplan Corrections in Irving to focus on prison design and development. “You do one, you do two, you do 10, you do 20, and I guess you’re an expert,” says Parkey, who declined to comment on tax issues. In the wake of the Sept. 11 terrorist attacks, he assembled a team to visit counties eager to kick-start their economies. It included two bond underwriters, a feasibility consultant, a Houston-based builder, and a rotating cast of private prison operators, including Emerald Correctional Management of Shreveport, La.
Well think about that .......................................................
ENTO, Calif. — Ending years of litigation, hunger strikes and contentious debate, California has agreed to move thousands of prison inmates out of solitary confinement.
A legal settlement announced Tuesday between the state and a core group of inmates held in isolation for a decade or more at Pelican Bay State Prison calls for the end of the use of solitary confinement to control prison gangs.
Instead, the state agreed to create small, high-security units that keep its most dangerous inmates in a group setting where they are entitled to many of the same privileges as other prisoners: contact visits, phone calls and educational and rehabilitation programs.
Corrections spokesman Jeffrey Callison said the state would be able to utilize space within existing prisons to relocate the inmates removed from solitary.
But the majority of the several thousand gang-associated prisoners who have been either kept in isolation a decade or more, or have gone at least two years without a major rule violation, are to be moved back to the general prison population.
Solitary confinement as it is run now, before the settlement, remains reserved for those who commit crimes while behind bars, with set sentences that can run no longer than five years, the maximum penalty for murder in prison, apart from criminal sentences imposed by a judge.
Lawyers for prisoners in the class-action case say the settlement sets the tone for similar changes elsewhere in the nation. "This is a dramatic step forward," said Jules Lobel, lead attorney in the case and head of the Center for Constitutional Rights.
The state prison guard union, which had unsuccessfully attempted to intervene in the case, was "concerned."
"In our view California will return to the prison environment of the '70s and '80s when inmate-on-inmate homicides were at the highest levels and staff were killed," Nichol Gomez-Pryde, spokeswoman for th
If we are concerned about profitability then consider this. Inmates who are mentally healthy cost us LESS money. Happier inmates require less supervision and less staff. There is a role for compassion in our investment behavior, and being a humanitarian should always be our first priority. I have visited GEO facilities and they are more humane and healthful for the inmates than the state prison here in Florida which don't even provide air conditioning in the sweltering heat. Just remember the staff have to live in there too for 12 hours a day or more because nobody wants to work in such a hostile environment. So your OT expense is BIG. Thank you wareham for your mindfulness and making a good point.