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The GEO Group, Inc. Message Board

  • indian_cycle_buyer indian_cycle_buyer Jun 24, 2005 1:42 PM Flag

    Bad news bears? Investors teleconfrnce

    Zoley spent an hour putting a good face on a bad situation. Said that the Baldwin closing wasn't likely. Admitted they had no "backup plan" if Michigan pulls their high-dollar kids in September. Offered a bunch of very speculative prospects (i.e., Shelby county, in CCA-land) as if they were likely. In the midst of all the faux-optimism, referred to the "difficult 2nd quarter," and "I am deeply regretful" about performance. Referred to supposedly good legislative prospects in unnamed states as something he wasn't at liberty to disclose. If it's happening in a legislature, it's public info. What's going on here?

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    • johncsd Jun 24, 2005 6:56 PM Flag

      GEO has a plan for about anything. That Baldwin unit is state of the art and wont set empty for long. Giving the impression that new prison is going to be empty has the potential to invite inquiries or to fill emergencies

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