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Stock impact report

Trump's vow to arrest immigrants lifted private prison stocks. Then why did they tank? [Yahoo! Finance]

Geo Group Inc (The) REIT (GEO) 
Last geo group inc (the) reit earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.geogroup.com
Company Research Source: Yahoo! Finance
windfall after their stocks soared in the weeks leading up to last year's inauguration of President Donald Trump. But while Trump's deportation machine had explosive growth, its reach hasn't lived up to Wall Street expectations. Stock prices for both companies slumped. Despite a series of immigration blitzes and high-profile raids, the government didn't use as much detention space as investors expected. Detention industry experts and other observers believe all that could change this year, with the immigration system — and privately run holding facilities — expected to grow even larger. “Once Trump was elected, there was a rush and belief that all this was going to occur at the snap of a finger,” said Joe Gomes, an equity analyst for Noble Capital Markets, an investment bank. “It's just taken a little longer than many investors thought to see these numbers really jump up,” he told The Marshall Project On his first day in office, Trump reversed an executive order from former Pr Show less Read more
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