Search for: "GEO Corrections and Detention"
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22 Nov 2011, 9:13 am
Geo stock recently hit a 52-week low, down 30% from just a year ago.For several years now, Grits has believed that, examining the underlying fundamentals, both firms (particularly GEO) are far too laden with debt to justify bullish advice to investors. [read post]
13 Nov 2011, 8:10 am
"The report also documents the impact of expanded federal immigration detention practices which has been a hobby horse of this blog for many years. [read post]
27 Oct 2011, 3:11 am
(now part of The Geo Group). [read post]
25 Jun 2011, 11:25 am
Empty speculative jails in TexasTexas dominates immigration detention Orwellian-named immigration policy massively subsidizes private prisons in TexasGeo Group's purchase of Houston private prison company leaves it highly leveraged [read post]
24 Mar 2011, 8:04 am
Its largest competitor, the Geo Group (GEO), is slightly smaller, and together they account for more than $3 billion in gross revenues annually. [read post]
17 Feb 2011, 9:21 am
Parker, is the correct forum? [read post]
11 Dec 2010, 4:45 am
California’s contract with GEO is worth a reported 60-million per year to the private detention management services company. [read post]
11 Dec 2010, 4:26 am
California’s contract with GEO is worth a reported 60-million per year to the private detention management services company. [read post]
8 Nov 2010, 8:27 am
A 2006 public policy report (pdf) from the Institute on Money in State Politics identified Texas pols as the second largest recipient of private prison political spending after Florida.The three big players in Texas' market are the GEO Group, Corrections Corporation of America (CCA), and a company called Management and Training Corporation (MTC) out of Utah. [read post]
15 Aug 2010, 6:52 am
"Some of the company's gains were "offset by a decrease in revenues of $20.6 million due to the termination of our management contract at the Sanders Estes Unit in Venus, Texas, Newton County Correctional Center in Newton, Texas, Jefferson County Downtown Jail in Beaumont, Texas, Fort Worth Community Corrections Facility in Fort Worth, Texas, and the Tri-County Justice & Detention Center in Ullin, Illinois. [read post]
24 Apr 2010, 12:03 pm
His father, a sitting state senator, performed consulting work for the same company in 2003-2004.Debt, Risk and the Geo GroupTexas Prison Bidness brings word that the Geo Group gobbled up yet another competitor, adding to its already enormous debt load and making it the second largest private prison company on the planet, behind Corrections Corporation of America. [read post]
19 Apr 2010, 5:26 am
Reuters * Offer at 35 pct premium to Cornell's Friday close * Geo, Cornell reaffirm Q1 profit views April 19 (Reuters) - Prison operator Geo Group Inc (GEO.N) agreed to buy rival Cornell Cos (CRN.N) for about $374.4 million in cash and stock, as it expands to meet an increasing demand for correctional and detention facilities. [read post]
18 Mar 2010, 6:09 am
Not because I think Yoo’s advice correct — I don’t — but because it was obviously in good faith under the most difficult circumstances. [read post]
28 Aug 2009, 9:23 pm
A Texas court, earlier this year, upheld $42.5 million in punitive damages against a private prison GEO Group Inc., formerly named Wackenhut, a multinational corrections corporation for the "horrific and gruesome death" of inmate Gregorio De La Rosa Jr. in 2001. [read post]
17 Apr 2009, 3:50 pm
Jose Manuel Falcon died while in custody at GEO Group’s Reeves County Detention Center on March 12, 2009. [read post]
19 Nov 2008, 12:58 pm
The Federal Bureau of Prisons and several state governments have sent thousands of inmates in recent months to prisons and detention centers run by Corrections Corp. of America, Geo Group Inc. and other private operators, as a crackdown on illegal immigration, a lengthening of mandatory sentences for certain crimes and other factors have overcrowded many government facilities. [read post]
22 Sep 2008, 7:39 am
Said a Department of Corrections spokesperson:"I will say our department is not overly eager to step back into privatization. [read post]
29 Jun 2008, 7:57 am
The GEO Group, a private security firm specializing in correctional facilities, will run operations at the annex. [read post]
11 Mar 2008, 5:11 am
The GEO Group is expanding a leased detention center it manages in Clayton County, Ga. so it will be able to house almost 200 extra inmates, and executives have said they are pursuing contracts in Britain and South Africa. [read post]
5 Nov 2007, 4:58 am
The rest are housed at eight centers operated by the immigration agency and seven private facilities run by companies such as the Corrections Corp. of America and the GEO Group.While Wall Street sees profit in the policy, at least for private prison vendors, reliance on private contractors brings with it its own problems, starting with expensive lawsuits resulting from systemic abuse. [read post]
