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The GEO Group, Inc. Message Board

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  • richer_or_poorer richer_or_poorer Jul 22, 1998 10:54 PM Flag

    VOLUME

    I just put together a lengthy response, and
    somehow it didn't post. The bottom line is
    this...privatization companies like WHC can do it all from choosing
    the site, to financing the purchase and construction,
    to building the facility and running it in its
    entirety including food service and medical. In addition,
    they take responsibility for the facilities
    maintenance and assume whatever liabilities the government
    would have had otherwise.

    With a quality
    operator like WHC, there's no question that there is a
    real savings vs government run. In addition, you have
    better quality facilities and, because of excellent
    training programs, better run facilities.

    For
    example, look at Puerto Rico. The government run
    facilities are in turmoil because the gang members housed
    there are running the facilities. Puerto Rico's only
    hope if privatization, and they are slowly and,
    generally, successfully integrating that
    structure.

    Privatization is here for good. Nearly all states are now
    involved in some form of transition. All we need to do is
    figure out how to get this sector back in favor with
    Wall Street. We're very close to a 52-week low. Good
    luck if you join us.

 
GEO
39.53+1.10(+2.86%)Dec 18 4:04 PMEST

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