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The GEO Group, Inc. Message Board

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  • fullcount_1999 fullcount_1999 Jan 20, 2000 3:05 PM Flag

    I'm buying about a steal

    public is against, and that's higher taxes. The
    public realizes that the privates do as good a job (or
    better) than the public and it is done without passing
    any prison bonds or raising taxes. Sure...there are
    incidents at the privates (which get blasted all over the
    press), but the rate of these incidents are twice as high
    at the public institutions as compared to the
    privates (for the source, see the "1998 Corrections
    Yearbook" published by the ACA).

    This is an industry
    that is destined for high future growth, and the clean
    private companies should do well (and the others will
    probably get bought out at premiums to their prices

    As the privates have seen over the past
    several years, the flow of contracts is somewhat of a
    rollercoaster, but in the end, you can pretty much count on 20+%
    growth...which is over twice what all these private corrections
    stocks are trading at.

    I think there are better
    run private corrections companies than WHC, but that
    doesn't mean that WHC is not a solid company and a good
    bet for stock price growth.

    When the dust
    settles, and the technology boom eventually comes down to
    earth (not if, but when), the strong fundamentals of
    private corrections will prevail.

    IMHO, I concur
    with an earlier post that put the order of best picks
    in the industry as CRN, WHC, CSCQ and PZN .... but
    ALL should do well.

    The earlier negative posts
    are clearly union/government-related
    people/disgruntled former employees (person?) playing back and forth
    with each other (or themself).

    Good Luck to the
    longs in this industry...IMO, the return will be well
    worth it.

    Oh, and to the poster who has a moral
    problem with this industry, realize that there are
    companies in this industry that put alot of excellent
    treatment into their prisons to improve the lives of these
    people who will eventually come back into society.

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