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The GEO Group, Inc. (GEO)

NYSE - NYSE Delayed price. Currency in USD
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7.46+0.20 (+2.75%)
At close: 4:00PM EDT
7.50 +0.04 (0.54%)
After hours: 07:57PM EDT
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  • R
    Robert
    From the article about strong insider buying:

    “5-star analyst Joe Gomes, in his coverage of GEO for Noble Capital, sees the company on firm footing, despite the contract loss.”

    - We continue to expect GEO to see an ongoing recovery from COVID impacts throughout the year. Management's guidance includes the impact of the loss of the BOP contracts, but only the loss of the USMS Queens facility. These negatives are partly offset by activation of ICE facilities in late 2020 which should achieve normalized operations over the course of 2021, Gomes opined.

    The analyst summed up, "GEO shares present a favorable risk/reward opportunity in our view. While COVID and the political rhetoric remain headwinds, we believe the Company's real estate assets and high quality contracts eventually will be properly valued."
  • M
    Mephistopheles93
    IMHO buying and holding GEO now is like buying GME at 10$. Remember lads, GME didn't happen overnight. It took weeks/months of retail investors accumulating and denying the shorts an easy out. Stay the course!
  • O
    Ovid
    Short report comes out today. I expect around 60%. What about you guys?
  • M
    Mephistopheles93
    Today we had almost 5000 trades under 10 shares, and 3000 trades of a single share. The shorts are playing their usual games ahead of tomorrow's updated short interest report.
  • I
    Ignas
    Theoretically, if 20-30% of contracts wont get renewed a big portion of the loss of sales will be covered by the rising inflation, which will make the renewed contracts more worthy, adding to that, if the facilities, which contracts did not get renewed get a new contract with other govt. agencies, then the revenue is looking quite great! The only problem is the financing, I really hope they are going to address this issue in their next 10-Q, if they give news about refinancing, then we are set for the 20s range.
  • O
    Ovid
    No volume, which means nobody is selling. Shorts haven't closed and we will find out today. Good news from here
  • T
    Tonny
    SR-NSCC-2021-002 rule should benefit highly shorted stocks like GEO.
    On Wed 6/23, market makers which are also DTCC clearing members, will have to tighten up their short-selling belts. Because their available capital will be contrasted more frequently with member deposits, their ability to maintain massive short positions is slated to be crippled. NSCC has the authority to close any open positions of a defaulting member. Rule #2 stands out in particular as it invokes Citadel’s impressive list of FINRA violations.

    SLD changes are devised to tighten loose ends significantly:
    - Drastic time-frame reduction for calculating and collecting deposits – from one month to daily or even hourly requirement verification.
    - Each member will be scrutinized based on daily activity, instead of historic settlement activity.
    - Granular, intraday scrutiny of SLD calculation and collection.

    Of course, the NSCC also has the authority to close any open positions of a defaulting member. Rule #2 stands out in particular as it invokes Citadel’s impressive list of FINRA violations.

    With the new rule about to go live, the ability of market makers like Citadel to exert such market force will be greatly reduced due to their liquidity reduction – daily down payment collection will tie up their available capital. In turn, this translates to the reduction of open positions they can take, given all their other exposed short positions.

    https://tokenist.com/new-nscc-rule-change-poised-to-end-the-short-squeeze-saga/amp/
    Despite having ties to regulatory bodies, it seems that some market makers have become too much of a headache.
    Despite having ties to regulatory bodies, it seems that some market makers have become too much of a headache.
    tokenist.com
  • P
    PM
    Please try to share this great GEO Group short squeeze opportunity on your social media.The more people get involved,the faster we win!
  • G
    GW
    Could we see $8.00 today ? Market cap is less than revenues and positive cash flow..I dont know why you would be shorting here...Market cap should be 5 times revenues at least
  • M
    Mephistopheles93
    Updated short interest report at close should be interesting.
  • P
    PM
    Repost: GEO Group short sellers may have two ways to cover and get out.First,they will buy quietly and then they will buy violently around June the 24th when we all will be able to see the newest short interest data.Second,they will keep buying shares quietly for months at a super cheap price like right now.No matter which way they will take.The best thing for us to do is to keep buying and holding GEO Group shares until it goes to the moon! We need to buy faster in order to shorten the whole process! And the more shares we buy and hold, the more panic short sellers are!Meanwhile, be alerted to institutional block trading happen in dark pool!
  • b
    ben althouse
    I have a feeling once the new short interest numbers come out we will get a lot more attention
  • A
    Abel
    Buy...Average down...Hold... that's the way we can win this game....
  • M
    Mephistopheles93
    As an added bonus I am now 99% convinced that Michael Burry has bought back in. He tweeted about the CEO purchase a few days ago, and today he was tweeting about crime and prisons again. One tweet from him can send this to the moon.
  • R
    ReggieJackson
    Volume is going elsewhere for now as expected. As patient as ever, in this market I could wait for GEO forever.
  • G
    GEOrich
    From this report it is obvious that a lot of shares were covered above 8 and probably closer to 10.
  • G
    GEOrich
    At first glance it seems this SI report is bad news. We didn't make the top of short list like many thought (including me) but the number is still very large. If it took a 188 million share day to cover a measly 7 million shares then the shorts are in bigger trouble than many realize. Keep holding people. Our day will come.
  • l
    long-whale-o
    At what time we get the most recent short stats? after market close only? Very curious about it. My guess is the short% is still slightly below 40% of all stocks.
  • M
    Mephistopheles93
    Hedgies are starting to hit the ask ahead of SI report as expected. Just keep denying them, and thank me later.