First up is GEO, which in what had to be a joke, announced it earned $21.6 million over the past three months based on "sound operational performance." I guess re-purchasing $100 million worth of your own stock qualifies as "operational performance."
Meanwhile in Tennessee, CCA earned $42.4 million in profit over the last 3 months. So combined, the two largest private incarcerators in this country earned more than $64 million in PROFIT over the past 3 months, just by locking up US citizens and immigrants. Who knew it could be so easy? For the math lovers (and haters of unrestrained capitalism) out there, that works out to a whopping $711,111 every single day, or $493.83 per minute. Yes every fucking minute these monsters make nearly $500 in profit off taxpayer dollars, much of which is turned around in efforts to incarcerate an ever-increasing number of people.
But I guess there is a bit of consolation, for me at least, in the fact that both companies apparently under-performed, based on market expectations.