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REVEALED: 6 | Rare Historical Photos

Australian authorities once embraced privately operated prisons. But some governments are taking back control

With Queensland, WA and NSW pulling back on the ‘marketised approach’, they could be leading a national charge

The Guardian - AU

It’s an Ugly Business But Here’s Why Geo Group (GEO) Can Rise Higher

Geo Group faces moral scrutiny but rising demand for secure detention facilities and short-covering dynamics might bolster GEO stock.

Barchart

ICE releases investigation into immigrant's death after months of 'inexcusable' delay

Under pressure, the government released a report examining the death of an immigrant in ICE custody. The report found multiple failures, but did not indicate they caused the migrant's death.

WEKU

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Private prison deal ditched in NSW jails shake-up

One of the largest prisons in NSW will be returned to public ownership after 30 years as the state government unwinds privatisation of the facilities.

AAP

Options Traders Go to War on Controversial But Compelling Geo Group (GEO)

Although the stench of private prisons has long clouded Geo Group, options traders largely anticipate upside for GEO stock.

Barchart

‘Secretive world.’ ACLU database to track conditions at California’s immigration centers

Jose Ruben Hernandez Gomez hopes a new grievance database recently launched by the ACLU Foundation of Northern California for the state’s six immigration detention centers — including three in the Central Valley — will help provide “more of a concrete proof ... of how unsafe these detention centers are.”

Tribune News Service

California tried and failed to ban for-profit ICE detention centers. What does that mean for other states?

WASHINGTON, D.C. — California's landmark ban on private prisons and immigrant detention facilities saw its fate sealed when a federal court officially repealed the 2020 law.

Los Angeles Times

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GEO Group sickened ICE detainees with hazardous chemicals for months, a lawsuit says

The Social Justice Legal Foundation says one of the country's largest private prison operators knowingly exposed ICE detainees to the disinfectant HDQ Neutral.

WEKU

‘Slavery wages’ prompt hunger strike at ICE detention facilities

Participants say poor living conditions and wages of $1 a day have pushed them to launch the weeks-long protest.

Al Jazeera

Immigrant Detention Center Operator Faces Fines, Lawsuit Over Working Conditions

California has fined GEO Group over $100,000 for

Capital & Main

California fines detention center operator $100,000 over immigrants’ working conditions

California regulators levied $104,510 in fines against the private prison operator GEO Group last month after detained immigrant workers at the Golden State Annex in Central California complained about unsafe conditions, including a lack of protective equipment and proper training, while cleaning the facility for $1 per day.

Los Angeles Times

Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In 5 New Announced Q3 Positions

Former hedge fund manager and “Big Short” fame investor Michael Burry made headlines earlier this year when he sold all of his positions except one. Burry added five new positions in the third quarter and increased the position in the lone carryover from the second quarter.

Benzinga

Critic of Biden border policy in line to oversee DHS budget - Roll Call

Texas Rep. Henry Cuellar is poised to become top Democrat on Homeland Security appropriations next year, to the chagrin of progressives.

Roll Call

Federal court says California ban on private ICE detention facilities is unconstitutional

LOS ANGELES — A California law banning private prisons and immigrant detention facilities in the state violates the U.S. Constitution when applied to facilities operated on behalf of U.S. Immigration and Customs Enforcement, a federal appellate court ruled Monday.

Los Angeles Times

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Benzinga

10 Industrials Stocks Moving In Monday's Intraday Session

Benzinga

Earnings Preview: The GEO Group

The GEO Group (NYSE:GEO) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that The GEO Group will report an earnings per share (EPS) of $0.22.

Benzinga

Stock Wars: CoreCivic Vs. Geo Group

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Benzinga

GEO Group Clocks 3.6% Revenue Decline In Q4

GEO Group Inc (NYSE:GEO) reported a fourth-quarter revenue decline of 3.6% year-over-year to $557.54 million, missing the consensus of $558.09 million. The operating income increased by 73.9% Y/Y to $76.02 million, and the margin expanded by 608 bps to 13.6%. Adjusted EPS improved to $0.38 from $0.33 a year ago. AFFO per share…

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