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The GEO Group, Inc. Message Board

  • rdc_2000 rdc_2000 Nov 11, 1998 10:58 AM Flag

    More news...

    Another 900 bed facility announced in CA. It
    seems that when we wonder why we haven't heard news
    like this for a it comes. This company
    isn't standing still and should be a dependable long
    term investment. It hasn't been shabby for the short
    term, either. Incarceration is definitely a growth

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    • hey dataD, at last count whc had 50 facilities
      under contract. As far as I know cpv only directly is
      connected to about a half-dozen or so. The logical
      assumption would be that the same big money lenders who saw
      opportunity before will see it again!!

    • Your rationale please for a price of 50? That
      would be trading at 45X '99 numbers growing at 25-30%
      annually although this will probably slow into '00 and '01
      so how do you get to 50? at 31 your yr end predition
      your at 30X '99 a slight discount to their growth rate
      - more realistic but definately above a market
      multiple. When you see their access to captial snuffed it
      will be very hard to maintain that growth level. The
      won't sell equity because of the parents control issues
      so how do they grow other than management contracts
      at 10-15% margins? Just some questions.


    • South Africa
      New Zealand
      2000 more beds in CA
      7500 INS beds

      All within the next 4-5 months. bring it on!

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