Who is the Colorado Criminal Justice Reform Coalition?

Our mission is to reverse the trend of mass incarceration in Colorado. We are a coalition of nearly 7,000 individual members and over 100 faith and community organizations who have united to stop perpetual prison expansion in Colorado through policy and sentence reform.

Our chief areas of interest include drug policy reform, women in prison, racial injustice, the impact of incarceration on children and families, the problems associated with re-entry and stopping the practice of using private prisons in our state.

If you would like to be involved please go to our website and become a member.


Friday, October 05, 2007

GEO Private Prison Stocks Suffer

NEW YORK -

Shares of Geo Group Inc. dropped Friday on concerns that it may lose more contracts in Texas, while shares of other private prison operators rose.

The Texas Youth Commission canceled a contract with Geo Group (nyse: GEO - news - people ) Tuesday, following an audit that said conditions at the Coke County Juvenile Justice Center were unsafe and unsanitary. The center was the largest private juvenile prison in Texas, and brought Geo Group about $2 million in revenue per quarter.

On Friday, AvondalePartners analyst Kevin Campbell said Texas state legislators are considering a review of Geo's other contracts in the state.

The stock dropped $2.08, or 7 percent, to $27.76.

Forbes Magazine

4 comments:

Anonymous said...

If there were stock issued in the Colorado state prison system, it would be going up. The state announces the building of a $165 million prison for which there is no need, according to the agency that is building it. Yes, they sent some prisoners to Oklahoma, but they have been keeping and misclassifying drug offenders, which they also say are 1/3 of their population...and do not give them necessary drug rehag. Not the show a video type of drug rehab they do now, real rehab.

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