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.