Confession time: you’re not going to find too many people who like the idea of Geo Group (GEO). As a private prison operator – it provides evidence-based rehabilitation services, per its website – Geo offers a necessary solution. After all, people break laws and if anything, the trend appears to be moving higher since the Covid-19 outbreak, at least for certain categories of crime.
So, GEO stock is fundamentally relevant. Where perhaps most folks have a question is on the ethics involved in profiting from a function that many believe should be exclusively handled by government authorities. As I stated in late November of last year, the profit motive can introduce safety concerns for both inmates and corrections officers.
