Can I infer that the latest decline in the stock price was due to the perception that the growth rate in prison populations is declining? Or are people unsure of the recent merger announcement by Group 4? I note the First Analysis mentioned a few weeks ago, "US prisons were 20% overcrowded in recent years were now close to 100% capacity."
I owned this stock for several months, selling on the merger announcement because i) I thought the stock was fully priced at near $17 and ii) merger uncertainty. I would like to buy back again, given that the stock has traded down while the small cap values have traded up.
Should we buy, sell, or hold, and what is this thing worth? Thanks in advance.