/biz/ - Business & Finance

>>19822979
>>19823012
Its likely part of the 'WoKeNeSs' disease. Remember that JPM and WellsFargo don't let you invest in GEO or CXW because they wanted to score woke points back in 2019, which also caused a hit. I think that their stocks are really fear sensitive, since they're primarily bought up by people unaware that their managed portfolio contains them. In that way they're like dirty energy companies or mining interests; they're safe defensive positions that let managers take riskier picks elsewhere. I think the minority of their stock buyers are buying because they believe in their mission, so to speak.

Right now, I'd look to see if they get their contracts with local and state govs renewed, or if they at least make up new contracts with lost ones. If that happens, then everyone was all talk, and its business as usual.