Movers and SHAKERS
The GEO Group, Inc. (GEO)
Could Labor Shortages Slow Down the BOP Transfer?
With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Labor Shortages. Recently, numerous news articles and commentary has focused on a reported labor shortage at the Bureau of Prisons and budgetary constraints limiting near term work force additions. Reports indicate that about 1/3rd of budgeted correction officer positions are unfilled, resulting in massive OT and the use of non-CO employees to cover shortages.
Incoming to Worsen Situation. According to news reports, the labor situation is being worsened by the transfer of inmates from the private sector to federal facilities. In addition, some 5,000 people who were on home release due to the pandemic may need to return to prison ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.