The truth about Private Prisons and Biden's 'executive order'

[MaxPen]

Just be glad I'm here that's all. First off, the ignorance of the public not even knowing what an executive order is in this country cracks me up. An executive order is not some law created out of thin air. For it to be valid there needs to be an EXISTING law passed by CONGRESS that allows whatever the puppet fake dictator president preaches in his little so called 'orders'. My legal knowledge has already paid off dividends with the legality of trespassing in casinos and me returning every time without repercussions. Every idiot before me including so called expert lawyers like Nersesian said casinos could trespass you at will. Yeah, they can trespass at you will alright. I would've been arrested by now and not trespassed 500 times and backed off 500 times. Oh and guess what, it's the same for Indian casinos, which I'll save for another day cause I already dug up the legality of that. The horror stories in Indian casinos is once again because of ignorance and lack of cases on the books due to everyone being a retard. Ignorance is at an all time high in this retarded society. Glad I did my own research, but now it's about to pay off even more with investments in one of the major private prison companies that's being shorted to death and is one of the highest shorted stocks on the market today. I've never seen a company with their valuation metrics and this high of a short ration and short interest. But let me not digress, let me explain why. All you little drones suggest you take notes once again.

After further research on congressional approval of ending private prison contracts with the federal government, I came across two separate times it was INTRODUCED in the House. Once in 2017 and once in 2019. It was NEVER passed to date. Want proof? Here you go drones. First time it was introduced was by the 115th Congress in 2017. Then again by the next congress, the 116th Congress. No where is there any update on what the Senate did with this bill. No where in Title 18 is there an updated code section for 4015. ZERO.

https://www.congress.gov/bill/115th-...ouse-bill/3844

https://www.congress.gov/bill/116th-...0/text?r=3&s=1

These are BILLS people. INTRODUCED in the House and given to the Senate for approval. Nothing was PASSED. Legislation was never passed. No updates. NOTHING. This Biden so called 'order' is nothing but sugarcoated garbage to please the idiot Democrats who voted for him and to save face as soon as he gets in office. Nothing ever gets done and you want to know why? Because Presidents don't make the laws in this country. They promise all this garbage cause they know idiots don't understand anything about law in this country and what it takes for a law to pass and further don't even know what an executive order actually entails. Then they get into office, make a little speech and go on with their life inside a white mansion for the next 4 years. This happens all the time with presidents. People think presidents are some magical dictators in this country cause everyone's a droned out retard in this country and why the IRS gets away with raping every retard out there.

The Biden executive order is not even LEGISLATION. These private prison stocks have been beaten down so badly to a pulp. GEO Group is trading for a third of their intrinsic value due to all this retarded chaos caused by ignorance. Biden's executive order won't do anything. And if you actually read the most recent proposed bill to end private prisons, Federal Correction Facilities bannings with private prisons will only start SIX years after it ever passes, which is probably never as there hasn't been an update for years on this Act of Congress. Go read it for yourself. For Federal Community Confinement Facilities, it's EIGHT years. 6-8 years IF it's ever even passed. Do you realize that's basically two presidential terms, which can have a republican back in office to calm the drones fears from the Democrats bluff, even though republican or Democrat doesn't mean shit if there's no act of congress even on the books to begin with.

Because of all this negative sentiment, GEO had to pull their dividend for cash preservation to service the debt. All this so called pressure from the federal govt cause the CEO is a moron. Then you have financial banks who say they will not lend out to private prisons anymore. Lmao this is why I'm going to jump off my balcony. Everyone's a fucking retard. That includes so called 'experts', financial institutions, and hundred million dollar and billion dollar companies. The stock has been trashed and shorted to death due to ignorance. Even if there was a federal banning by the BOO and US Marshalls, it's about 30% of their revenues and they already diversified their company with all the negative pressure that has been built up for the past 4 years with the federal govt trying to end private prisons. This also doesn't affect their STATE contracts or their ICE contracts. They will still PRINT money with the other 70% of their business model and still have free cash flow. The big hiccup with all of this is their debt maturities in 2024 so everyone sold off due to this recent Biden scare, but that would've been mitigated due to the cash preservation by cutting the dividend. But guess what, there WONT be a fucking ban from the federal govt. It's all sugarcoated typical misinformed garbage from a so called dictator.

Private Prisons are not going anywhere. Governments can't run shit well enough and overpopulations of criminals in the federal system won't allow them to regardless. It's a much needed service for society. There will be a short squeeze once this whole political charade is over with and GEO continues to beat on earnings and the drones realize nothing will happen to the 30% of potential revenue loss, GEO will climb back to the top and dominate their market together with it's other competitor CoreCivix. They run a duopoly with no competition. Common sense would have already told you though of what the fuck was the federal govt going to do with all the prisoners in the first place? Release them all? Release them where? Build new government run facilities from the ground up, because guess what, the federal government prisons are beyond overpopulated as it is. At the very worst they would have to lease the private real estate buildings from GEO and CoreCivix, which would mean big money for the companies. Now you know why none of this made sense because it's NEVER going to happen. Prisoners won't be released and buildings won't be created out of thin air and waste drone taxpayer's money. Why? There's no LAW on the fucking books.

Thank me later dumass drones. The only risk here is a short term risk because the market in general is in a bubble, so short term every stock will get pulled down hard once this shit pops. Whether you want to buy now or wait for this shit to pop is up to you. Long term this is a winner. Talk to me in 2-5 years when all this garbage settles with your 200-300% gains.

Thanks for the tip ZenGOAT

[monet]

Thanks for the tip ZenGOAT

Do you actually credit ZenGoat or the Reddit Horde??
I guess that really doesn't matter as long as you get your money.

The meme-stock craze has turned rental cars, video games and movie theaters into day traders over the past year.
The fad took a darker turn Wednesday as the Reddit horde brought prisons into the mix.
Retail traders drove shares of Geo Group Inc. up as much as 73%, even as the company struggles for survival in a world turning on private-prison operators.
As of the close, Geo surged a record 38%.

"Made $33,000 in my sleep thanks to $GEO"
- Sixers in five @SoJerZ_ -

[MaxPen]

Thanks for the tip ZenGOAT

Do you actually credit ZenGoat or the Reddit Horde??
I guess that really doesn't matter as long as you get your money.

The meme-stock craze has turned rental cars, video games and movie theaters into day traders over the past year.
The fad took a darker turn Wednesday as the Reddit horde brought prisons into the mix.
Retail traders drove shares of Geo Group Inc. up as much as 73%, even as the company struggles for survival in a world turning on private-prison operators.
As of the close, Geo surged a record 38%.

"Made $33,000 in my sleep thanks to $GEO"
- Sixers in five @SoJerZ_ -

I don't know anything about Reddit. But Zengoat has been talking about prison stocks since before the upturn in price. May 25th to be exact.

[monet]

I don't know anything about Reddit. But Zengoat has been talking about prison stocks since before the upturn in price. May 25th to be exact.

Oh I see what you are saying.
ZenGoat is the genius and the Internet Dweebs are riding his coattails.

[MaxPen]

I don't know anything about Reddit. But Zengoat has been talking about prison stocks since before the upturn in price. May 25th to be exact.

Oh I see what you are saying.
ZenGoat is the genius and the Internet Dweebs are riding his coattails.

[ZenKinG]

You guys will see what happens to this executive order. Just like what happened in 1996 with Bill Clinton's executive order that got shut down by the courts when he tried to discourage strike replacement from federal contractors. The court found his executive order was not consistent with previous legislation as in the National Labor Relations Act also know as the NLRA. This has been my point all along with executive orders and why if you have an actual brain you will make a killing on private prisons. ALL executive orders need existing legislation to be valid or it will be eventually struck down. It took Clinton's initial executive order 11 months before it was struck down and Biden's prison executive order will also be struck down.

Oh and guess what, you want more proof, look what I found. I call it the smoking gun. I came across this Supreme Court ruling for all you faggot drones.

In Youngstown Sheet & Tube Co. v. Sawyer, the Court held that Truman had no authority to seize the mills and instructed that the president's authority to issue an order "must stem from an act of Congress or from the Constitution itself."

Thank me later retards

[MisterV]

Thank me later retards

How about I tell you to go fuck yourself instead?

Go fuck yourself.

Yeah, that's an executive order.

[ZenKinG]

Thank me later retards

How about I tell you to go fuck yourself instead?

Go fuck yourself.

Yeah, that's an executive order.

Status of society right there. The future of America. I spill gold and that's what you tell me. Imagine being that stupid lmao. What else is new from a square job holding retard like yourself. Too stupid to make it AP'ing. Enjoy your retirement. Probably bored to death like every other retiree that retires based on their financial situation and goes through life miserable working a job they hate just to get to that stage. Replace retiree with retarded.

[monet]

Knock Knock...

[MisterV]

I spill gold and that's what you tell me. Imagine being that stupid lmao. What else is new from a square job holding retard like yourself.

Twice you insult the board, calling us "retards," then you whine when I tell you to go fuck yourself.

You're pretty thin skinned, aren't ya, Sparky?

Oh yeah, I almost forgot: go fuck yourself.

[ZenKinG]

Oh man. Before, I mentioned the previous bills to end private prisons never even reached the house. Well guess what? It's even worse than that. Every single bill died in the subcommittee.

Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

That was the text for each of the bills starting in 2016. It didn't even get a vote in the subcommittee to get passed on to the house, let alone the senate, let alone the president. This is the most political bullshit I've ever seen. People years from now are going to look back at this thread and regret the gains they could've had. The executive order is absolutely irrelevant without congressional or statutory authority. There's a reason they've been trying to pass this act but there is absolutely no interest even voting on it lmao. This is just for the presidential Democrats to fulfill their democratic votes to get into the presidency and tell their voters they will 'try' or that they 'tried' to get it done. The executive order is nothing but window dressing to try and satisfy ignorant voters that voted for them thinking something was done lmao. The new 2021 'End Private Prisons Act' is currently in the same exact scenario as previous dead bills for the past 3 months. It's in the same subcommittee where it died each of the last 3 times. Died there in the 114th congress. Died there again in the 115th congress. Died again there in the 116th congress. And now what a coincidence it hasn't moved for 3 months in the 117th congress. Don't you think there wouldve been a much bigger effort to get it done if they actually cared about it? They're not even taking the time to vote on it hahahhaa. How can it die in the subcommittee 3 times in a row and about to be the fourth? The government has ZERO interest in ending private prisons and I'll tell you why. The prisons are overcrowded and they don't want to waste anymore money to build more facilities or lease them from the private companies. The prisoners will have no where to go if they remove private prisons and don't lease or build their own which would take years as well. There haven't even been any talks or plans from the federal govt on how they wish to proceed if they end contracts with private prisons. It's one big pony show for the suckers that voted them in, both on the presidential and congressional level.

Let me forecast for all of you idiots what will happen to GEO stock along with CoreCivic stock. There's a reason the former CEO just bought a million dollars worth of shares in the upper $6 range around 6.70. Keep in mind, I wrote this thread in the upper 5 range. After this bill goes nowhere yet again and contracts are not lost, it will skyrocket. Don't you think the CEO knows something regarding that window dressing executive order if he just put in a million dollars worth of shares on the open market after that announcement 6 months later. He knows what I know. The contracts are not going anywhere. Do you know what the fair value of GEO will be if nothing is lost and then they reinstate the dividend on top of it? $30 a share. Yes I said that. Do you know what the stock is worth if they lose their federal contracts with the BOP and USMS after Biden's window dressing executive order? 15 a share. Do you know what their stock is worth if ALL of their revenue disappears tomorrow from their federal, state, and local contracts for secure facilities? Around 7 a share. GEO is currently trading lower than the worst case scenario which has literally a smaller chance than my blackjack risk of ruin. 0.00001%. This is basically a free roll for 200-400% gains. Cracks me up.

I'm putting in a shitload.