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| Private prisons on the rise |
| By The Associated Press |
| Published: 03/24/2008 |
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NEW YORK - Shares of for-profit prison operators are rising after analysts reacted positively to meetings with Geo Group management. Banc of America analyst T.C. Robillard said Geo Group (nyse: GEO - news - people ) Inc. expects to win contracts for more than 10,000 new beds in 2008, and said that tighter state budgets won't hurt prison operators. He wrote that the company is benefiting from strong demand and he believes it will reach his profit forecasts. Read more. If link has expired, check the website of the article's original news source. |
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