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The GEO Group, Inc. Message Board

  • johncsd@sbcglobal.net johncsd Dec 10, 2005 10:39 AM Flag

    GEO Watch not relevant again

    Well the more accurate statement for GEO Watch is that WE HAD A RESPITE. His statement about his sources indicate that he is not speaking from first hand knowledge of any issue, therefore his statements are nothing more than opinion and gossip not facts. If any investor wants to place faith and confidence in gossip be prepared to lose money and when that happens you can blame only yourself.
    Given the caliber of IT Staff in this company the computer interface thing is probably not a major concern. I would encourage any investor to base decisions on FACTS.Not a person who does not have first hand knowledge of the problem

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    • I get the impression that GEOwatch actually has good info from employees. Some of its difficulties are clear from the public record. Stock price was higher six months ago than it is now. The big trading days of the last quarter all featured substantial and long-lasting tumbles in price.

      GEO's move to pressure the Michigan governor to keep their Baldwin juvenile pen failed, spectacularly. Their Pueblo, Colorado pen that was supposed to have been operating years ago still wants the necessary permits. Their savior in California, Schwartzenegger, is in deep trouble. Costly suits drain corporate coffers. CSC is and has been a mess and they've only served to take Slattery off the hook. In Florida, we have yet to hear the other shoe dropping on the discovery of the $13 million overcharge by CCA and GEO.

      So where's the bright side?

      • 2 Replies to indian_cycle_buyer
      • johncsd@sbcglobal.net johncsd Dec 16, 2005 5:25 PM Flag

        people wanting to find the bad will usually latch on to anyones opinion. They are usually liberal democrats who see conspiracy everywhere.

        GEO is only trying to get Michigan to adhere to the agreement that allowed GEO to build it in the first place. If you dont care about profit or earnings then do nothing while people dont honor thier contract (like CCA)

        Compare every other private prison company and see who has the most empty facilities, the most fines and then be glad you own GEO stock. Or listen to Indian cycle buyer and Geo watch and be frustrated and blame yourself.

        GEO watch has as much relevant information as any frustrated FORMER EMPLOYEE and if you choose to believe him then get out and go buy CCA. I will continue to stand and encourage others to do the same

      • johncsd@sbcglobal.net johncsd Dec 16, 2005 5:24 PM Flag

        people wanting to find the bad will usually latch on to anyones opinion. They are usually liberal democrats who see conspiracy everywhere.

        GEO is only trying to get Michigan to adhere to the agreement that allowed GEO to build it in the first place. If you dont care about profit or earnings then do nothing while people dont honor thier contract (like CCA)

        Compare every other private prison company and see who has the most empty facilities, the most fines and then be glad you own GEO stock. Or listen to Indian cycle buyer and Geo watch and be frustrated and blame yourself.

        GEO watch has as much relevant information as any frustrated FORMER EMPLOYEE and if you choose to believe him then get out and go buy CCA.

 
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