How much are we willing to pay when there are alternatives available that are more effective and will save us money and lives in the long run. Geo was recently fired from a contract in Colorado because they were unable to perform, that is, build the prison they were contracted to build in Pueblo.
Like license plates, shivs and pruno, there's money to be made in prison. Just ask investors in Geo Group who've seen their stakes in the private jailer more than triple in value in the past year. A breakout as brazen as that might have some investors thinking about locking in profits, but the prison business, sad to say, is booming, and Geo Group looks to have secured its place in the yard.....But it's the severe shortage of prison space and the climbing prison population that make the best case for Geo Group going forward. There are currently 2.2 million people behind bars in the U.S. More than 7% of them are held in the type of privately run facilities built and operated by Geo Group, which has about 30% of the market, according to Patrick Swindle, an analyst with Avondale Partners, the Nashville, Tenn., investment bank. "It's difficult for me to see an environment where we don't grow the aggregate inmate population between 1.5% and 2% each year," Swindle says.