Thursday, August 18, 2016 4:49:38 PM
"CNN’s Paul La Monica doesn’t think it was a logical move. Earlier today he said on Twitter that the declines of almost 40 percent seen in The GEO Group Inc (NYSE: GEO) and Corrections Corp Of America (NYSE: CXW) were “stupid,” arguing that, while the DoJ’s decision was “undoubtedly bad” for the companies, they still have state contracts.
Last week, analysts at Canaccord explained that only about 11 percent of The GEO Group’s revenue derived from its exposure to the Federal Bureau of Prisons .
“While we see low risk to GEO's BoP contracts, political rhetoric on the elimination of private prisons has weighed on the stock recently,” the report added. “Adjusting out GEO's halfway houses (all federal halfway houses are operated by private players), GEO's exposure to the BoP is only just over 10%.”
Given this backdrop, the analysts believed the company carried a low cash flow risk, “given the challenges associated with executing a plan that would eliminate the federal use of private prisons.” One way or another, they think a worst-case scenario has already been priced in.
"
Recent GEO News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 08:15:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 11:00:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 09:32:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:16:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:07:12 PM
- The GEO Group Reports Second Quarter 2024 Results • Business Wire • 08/07/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:51:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 10:16:55 AM
- The GEO Group Announces Extension of Exchange Offer • Business Wire • 07/17/2024 10:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 04:13:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 08:53:18 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 08:50:15 PM
- The GEO Group Announces Date for Second Quarter 2024 Earnings Release and Conference Call • Business Wire • 07/09/2024 08:15:00 PM
- The GEO Group Announces Discontinuation of Lawton Correctional and Rehabilitation Facility Contract in Oklahoma • Business Wire • 06/20/2024 09:20:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:16:31 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/14/2024 04:15:10 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:58:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:18:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:15:55 PM
- The GEO Group Announces Appointment of Chief Financial Officer • Business Wire • 06/05/2024 10:55:00 AM
- Form S-4 - Registration of securities, business combinations • Edgar (US Regulatory) • 05/31/2024 09:26:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 12:28:33 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 07:57:48 PM
- The GEO Group Announces Funding Extension for Adelanto ICE Processing Center Contract • Business Wire • 05/20/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 11:30:55 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM