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The GEO Group, Inc. Message Board

  • leprkahn leprkahn Jul 25, 2000 4:44 PM Flag

    Regarding Forbes

    Interesting that Forbes pointed out twice that
    profits would remain flat for the year, while attempting
    to avoid pointing out the continued revenue growth
    over the past year to support their claim that WHC is
    not a growth stock. The apointment of an ombudsperson
    to deal with complaints, and the installation of
    surveillance cameras for better scrutiny are the steps taken
    by WHC to ensure that the company can continue to
    grow and successfully manage their broad operations.
    These steps were necessary for a company of this size
    and should deal successfully with the only real
    barrier to growth, which is failure to deliver quality
    services and the inability to deal responsibly with
    problems and to reduce there occurance in the future. WHC
    is showing that it is preparing for further long
    range growth in a market which Forbes inaccurately
    portrays as shifting and perhaps declining. Privatised
    corrections does not require an expanding rate of
    incarceration in order to grow. Fordes also fails to mention
    extensive and intensive growth through international
    expansion and diversity of domestic services. To conclude,
    by focusing on this year's lack of profit growth
    while ignoring fundamental changes in operations Forbes
    incorrectly portrays WHC in static growth.

33.36+0.83(+2.55%)4:02 PMEDT