The chairperson of a leading U.S. private prison corporation on Thursday gushed over the “unprecedented opportunity” presented by the prospect of Republican President-elect Donald Trump delivering on his campaign promise to begin the mass deportation of unauthorized immigrants on his first day in office.
As Common Dreams reported Thursday, Trump’s campaign confirmed that “the largest mass deportation operation of illegal immigrants” ever is set to start immediately after the former president returns to the White House on January 20.
GEO Group stock surged more than 56% from the close of trading on Tuesday, Election Day, to Friday’s closing bell. Competitor CoreCivic shares skyrocketed 57% over the same period. By contrast, GEO Group stock saw just a 21% rise in the three months preceding Election Day. CoreCivic inched up just 11% over the same period.
“The GEO Group was built for this unique moment in our company’s [and] country’s history, and the opportunity that it will bring,” GEO Group founder and chairperson George Zoley said during a Thursday earnings call in which he hailed the “unprecedented opportunity” ahead, according to a company statement and coverage by HuffPost.
💰📈Trump’s mass deportation plan has private prison stocks skyrocketing on the prospect of highly profitable internment camps — including @GovBillLee’s pals over @CoreCivic 🫤 pic.twitter.com/nq6XKxwWcd
“While our third-quarter results were below our expectations due to lower-than-expected revenues in our electronic monitoring and supervision services segment, we believe we have several potential sources of upside to our current quarterly run rate, with possible future growth opportunities across our diversified services platform,” Zoley continued.
“We have 18,000........