BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement (“ICE”). GEO is currently the largest service provider to...
Following the victory of GOP candidate Donald Trump in the 2024 Presidential election, private prison stocks experienced a notable surge to the upside.
Donald Trump's victory in the 2024 presidential election has sparked a remarkable rally in private prison stocks, and one particular name—Geo Group (NYSE: GEO)—has been thrust back into the spotlight.
Indulge, for a second, one last 2024 election postmortem. The American people have chosen former President Donald Trump to take the reins of the U.S. government once more. We've telegraphed ‘qui bono?' from another Trump administration and reading recent options-centric tea leaves confirms a lot of our initial biases.
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