Thursday, September 23, 2010
This link goes to a financial news website called The Street, which has an article about the future prospects for CCA and GEO stock. The article properly points out that violent crime, along with the prison population, has declined over the past year. The author speculates that this will adversely impact CCA's and GEO's business as states will have less of a need for new prison beds in the future. But the icing on the cake is that both CCA and GEO have lost a great deal of value in their company stock. CCA's stock is down 6.6% this year, and 17% over the past 3 years. GEO is down an amazing 26% over the past 3 years. All of this is great news.