Thanks to tsjdiet..........the one year pps chart of these two companies are practically identical, even though cxw is said to be much less leveraged, and has a lower payout, though share price is roughly the same. So I would say that this narrow niche (prisons/corrections) in the reit market is roughly valued together regardless of performance of the individuals. Geo has some growth coming but I expect the next quarter financial results to be down due to higher than expected start up costs in several projects. I recall that the Australian facility isn't due to open till 2017?
Well, i'm not an owner yet, but ithink i soon will be. I listened this morning to the last conference call on april 30. To be honest, nobody on the whole call sounded particularly competent, including or perhaps especially the "analysts" asking the questions. However, the company has quite a bit recent sucess on growth/expansion side, and the dividend seems to me to be sustainable, with growth of the bottom line after the next quarter or two. This doesnt explain the big drop in pps, but in the short run they are saying that startup costs are much higher than peviously expected on more than one project. You oughta listen to the call, available on their website