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The GEO Group, Inc. Message Board

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  • peingas peingas Aug 3, 1998 12:43 PM Flag


    yes the US prison population is growing at 5.2% per year, but has slowed from and average of 7% growth throughout the 1990's.

    I think this is a good buy, but not yet!

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    • Just curious where you think the bottom might be for WHC and your basis. I'll be buying more, but want to be sure I'm near or at the bottom.

      Thanks for your opinion.

      • 1 Reply to richer_or_poorer
      • The bottom is hard to predict. Its more of an
        industry issue than company specific. Investor sentiment
        in both this industry and the broader market
        (especially these smaller cap companies)are negative. But
        this is definately the premium stock to buy in this
        industry so look for signals of an upturn then buy, buy,
        buy. I'll be watching and I'll post more as I hear.

    • The 5.2% vs 7% growth in inmate population should
      not be a big factor here, when, according to several
      of the analysts in this business, only 1 out of
      every 25 arrests/convictions results in a person going
      to prison. This is due to the limited number of
      available prison beds. So until the county fixes this
      1/25th problem, there will continue to be significant
      growth in prison beds....regardless of the 5.2% vs 7%. I
      believe this is an industry with continued significant
      growth in it's future.

33.16-0.05(-0.15%)Jun 28 4:02 PMEDT