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The GEO Group, Inc. (GEO)

NYSE - NYSE Delayed price. Currency in USD
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8.40-0.86 (-9.29%)
At close: 04:00PM EST
8.60 +0.20 (+2.38%)
After hours: 04:55PM EST
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  • b
    bigger
    Now is the time to be greedy. As prices rise theft and desperation will rise. Prisons will be needed. It is not unethical to profit off a system that caused this mess.
  • J
    James
    Can we hit 10 dollars by EOY?
  • C
    Cajlo
    George Christopher Zoley
    Executive Chairman, The GEO Group, Inc.
    We are marketing our idle facilities to other governmental organizations, and one of the possibilities is, obviously, the leasing model and we’re very open to
    it. We – currently as a REIT, it’s part of our business model. So, we’re very comfortable with that concept and comfortable with us being either the operator
    or not being the operator.

    This is from the last meeting. To me it appears that they want to stay a REIT.
  • O
    Ovid
    Many people have been escalating that 20% cash dividend and 80% in stock, would put pressure on their debt repayment . However, we need to remember that they have already paid 0,25 cents per share in Q1 and hence they don't need to pay that much of the cash to stay REIT for this year. It just makes no sense to convert and pay full tax for the year
  • M
    MrT
    $GEO is continuing its operations as REIT … hence we will see a dividend. For sure another excellent catalyst 🚀😎😀
  • F
    Ferenc
    Just stay on course and be objective. This is a great business.
  • C
    Cajlo
    Anyone have a feel for what happened at end of day ? why huge volume increase and fast price drop ?
    I can't find anything to warrant this. Just asking for insight.
  • O
    OPTIONS AL
    About 2 days ago there was an extraordinarily bullish post/analysis on reditt (purposely misspelled as is a lot of the below to prevent our hosts from deleting this; I also edited/changed the below some for same purpose). I tried to post the link but our hosts deleted it. If I post the whole analysis they will delete. You can find yourself as. Title is similar to Geo trades at 9.2 but worth 27, 37 or 42 based on variable valuation metrics + reasons why this deep undervaluation will not last.

    Here are some main points per the author (I am not giving my opinion here):

    --worth 27 based on earnings
    --worth 37 based on FFO
    --worth 42 based on cost of replacement (interesting analysis based on cost to build per prison bed is 220,061 per bed. Geo has 55,951 beds so 12.3 billion replacement cost. Then add GEO’s cash and receivables of 1.1 billion, subtract 3.4 billion owed. The total computes to 81.57 a share. Factoring in age vs a new prison, they lower to 38.64. But factoring in renovation, they get to 42.50/share replacement cost.

    --they make interesting point that even if the B administration / fed gov is against private prisons, fed facilities only hold 7& of the prisoners in the US. I think they essentially are thinking that even if the feds dropped them completely, eventually their prisons and services would be taken up by non-fed states and locals especially with soaring crime rates, prison overcrowding in general, etc. In other words, there will be a large need for any abandoned prisons eventually.

    --they point out that it is the meme stock with the best combination of fundamentals and short interest so it is the single best short squeeze candidate for all of the meme stocks. They interestingly point out that although it is on the sub-R that I am referring to here it is not yet on R/WSB because it needs to reach a market cap of 1.25 billion (I think many of us wrongly thought the threshold was 1 billion).

    --they actually attempt to show that if GEO was squeezed to the same relative degree that Gxxx Sxxx (the most famous meme stock was, which reached 483/share, that GEO would reach 292/share. They are not saying that GEO will reach 292 but they are implying that such would be possible if GEO, with its statistics, were squeezed proportionally to the stock implied above that GEO would hit about 292/share.

    Note: again, I am not saying such or otherwise and, rather, I am just reporting on the article which you all should be able to find for yourselves based on the clues I gave above (again, I tried to post the link but it got deleted)
  • M
    Mike
    this drop on da variant news? Lol
  • G
    G
    BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group (NYSE: GEO) (“GEO”) commented today on the recent unfavorable jury verdict and combined $23.2 million judgments in the retrial of two cases, State of Washington v. GEO Group and Nwauzor et al. v. GEO Group (the “lawsuits”), in U.S. District Court for the Western District of Washington. The original trial of the lawsuits resulted in a mistrial in June 2021 as that jury was unable to reach a unanimous verdict. GEO will address the need for a bond for the combined judgments and will request a stay of enforcement of the verdict and judgments while its appeal to the U.S. Court of Appeals for the Ninth Circuit is pending.
  • O
    Ovid
    And who is selling
    Wow
  • M
    MrT
    0 votes and 1 comment so far on Reddit
    0 votes and 1 comment so far on Reddit
    www.reddit.com
  • F
    Ferenc
    Guys! What's the main reason for this stock being shorted so aggressively?
    Thanks for any input.
  • O
    Ovid
    So we reached a milestone. We have less than one million shares left to borrow with 250k borrowed for today. Let's hold GEOrillas
  • G
    George
    If my math is correct GEO will have a $1.25 billion market cap at $10 a share. When that milestone is achieved, how long must it be sustained before the "R" crowd considers it a short squeeze candidate?
  • C
    Cuong
    A guy from Reddit just brought up an interesting article. Can't post link here, so search for "Prisoner Not Covered by Fair Labor Standard Act" on "prisonlegalnews.org". I am not a lawyer but seems like there was a settled case. Long GEO!
  • E
    Eric
    Corecivic said in yesterday's earnings call that "home confinement" is a growing solution currently. Should be good for GEO's BI. I have long said that I believe that BI is worth more than 1 billion USD. Probably rather 1.5 Billion USD considering higher multiples than when GEO aquired BI in 2011. At GEO's q3 earnings call several questions centered around BI. I wonder if just more analysts have started realizing that BI is a real pearl or are there rumors that GEO may sell BI?
  • P
    Patience is Art
    Can't wait for the Christmas gift - Announcement of dividend and remain as REIT since Corp tax going up from 21% to 27+%
  • i
    iscius
    Isn't the consensus that GEO will release 'shares' dividend and still go to C corp? They can't afford the cash dividend, I mean they can, but not at the expense of retiring more debt. I don't need the dividend, but i would like to see GEO hit 15 or 16. If they go C corp, they will initially get punished, but should rise just based on performance metrics. However, people are irrational so who knows.