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https://finance.yahoo.com/news/opportunity-geo-group-inc-nyse-113612040.html
SHORTS ARE DESTROYING GEO
Oh really, what did you sell at $6.00? Loser
amazing.they are still pumping geo.this stock is over valued bigtime.old news rehashed daily
https://finance.yahoo.com/video/michael-burrys-hedge-fund-invests-212837569.html
I GUESS THIS OFFERING MEANS NOTHING???????????
https://ih.advfn.com/stock-market/NYSE/geo-GEO/stock-news/88838000/registration-statement-for-securities-to-be-issued
MY BUDDY DIDNT SELL..HES UP A TON 60K...NEWS OF BURRY COMING OUT ALL OVER THE INTERNET
LOL----
hewy.info
@hewydotinfo
Let me know when $GEO is ready for puts. I would love to make money on the fall of the share price of a company that invests in prisons for profit. Short it into the gulag.
is this a offering to sell shares?
https://ih.advfn.com/stock-market/NYSE/geo-GEO/stock-news/88838000/registration-statement-for-securities-to-be-issued
unless he discloses sale..then it drops like a rock
yep big momo coming in
michael burry only holding fueling this runup!!!!!!!!!!!
hemm not sure don't see anything about it when i skimmed it
be careful..if burry sold rest and it gets updated this will plummet....its being pushed on twitter....my buddy up 25k and sold
JUST IN: Michael Burry, sold all in his US stock portfolio except for 500,000 shares of Geo Group, $GEO, worth $3.3 million.
— unusual_whales (@unusual_whales) August 15, 2022
By Kimberly Chin
GEO Group Inc. said its board has approved a plan to end its real-estate investment trust status to become a taxable C corporation by the end of the year.
The company said its board has been evaluating its corporate tax structure and REIT status, which it said it was doing in April.
As a result of the change, the company will incur a one-time deferred tax charge of about $75 million and an additional $34 million in incremental income-tax expenses during the fourth quarter, it said.
GEO Group said it now expects to report a loss attributable to the company of about $69 million during the quarter, and an adjusted net profit between 29 cents and 31 cents a share when excluding the tax-related restructuring items. Adjusted funds from operations, an industry metric, is expected to be between 58 cents and 60 cents a share, it said.
For the full year, GEO Group now forecasts net profit attributable to the company of around $70 million to $72 million. On an adjusted basis, it said it expects per-share earnings of around $1.14 to $1.16 a share and AFFO in the range of $2.30 to $2.32 a share.
The change in corporate tax structure will give the company more flexibility to allocate free cash flow to cut down its debt. GEO Group had reduced around $175 million in net recourse debt in the first three quarters of the year. Last year, it cut its debt by about $100 million.
In addition to paring down its debt and deleveraging, the company will also evaluate potential sales of its assets and businesses as well as capital structure alternatives, it said.
"Following our objective of net recourse debt reduction, we expect to allocate free cash flow to fund quality growth opportunities and potentially return capital to shareholders in the future," Executive Chairman George Zoley said.
The board will also discontinue GEO Group's quarterly dividend, the company said.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
December 02, 2021 06:47 ET (11:47 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
GEO is going to be a good stock to hold. I like that they dumped the dividend...once those that were holding for the dividend sell (may already be done)...the stock should continue to move higher...
Chart is continuing to look good with higher highers and higher lows. Small caps have been lagging the market for many months...time to play the 'catch up'.
I think it jumped today because of all the Republican wins...GEO may stay in the prison business before it's all over...
Hopefully earnings are good in the AM...
October 27 2021 - 04:15PM
Business Wire
Earnings Release Scheduled for Thursday, November 4, 2021 Before the Market Opens
Conference Call Scheduled for Thursday, November 4, 2021 at 11:00 AM (Eastern Time)
GEO JUMPED today prior to earnings release tomorrow. Someone must know something.
Toofuzzy
I bought their Apr. 23 5.125 bonds after the Biden Executive Order came out. They were trading about .85 cents on the dollar.
36159RAG8
Great investment.
You guys see the 38,500 option contracts that were opened up last Friday? Some whale bought the Mar'22 $12 strike calls. Just because of the market structure and that many contracts, MM will have to start acquiring shares as a hedge, which means price will trend upwards towards that $12 range.
Crime is increasing, border crossings are increasing. They are doing workarounds on the President's executive order.
Somebody knows something.
All systems are go, we are about ready to lift off.
Stingray
I hope it keeps moving up. It has a lot of recovering to do.
Toofuzzy
It's pushing thru the 50dma...so, could be heading higher. I have some stock and a few Dec options.. About even at the moment...but, I do expect more upside..cheers!
Sold 20% of my holdings at $7.55
Will buy back if it drops
Toofuzzy
"Right now, Geo Group is sporting a Zacks Rank of #1 (Strong Buy)"
https://finance.yahoo.com/news/geo-vs-egp-stock-better-154003590.html
To make things interesting, Short interest is over 21%!!
https://www.marketbeat.com/stocks/NYSE/GEO/short-interest/
Don’t let the shorts beat it down let squeeze them hard here
I think 8.0-8.15 is a key level then we start speeding up with 12.73, then 16.72 as my longer term targets. Obviously 9, 10, 11 first. IMO
Shorts are trying to beat it back down...ain't gonna work...$9-$10 near term
Yep let’s squeeze them
Nice earnings report...the shrimp fry party is just getting started ;~)
Let’s break that 7.61 resistance and boom she will fly
28.5% short interest on this watch this fly
Michael Burry tweets in favor of GEO
He tweeted something along the lines of, "Gee Eeh Ohh, the CEO buying shares means something big..."
The GEO Group, Inc. will no doubt be intrigued by the recent purchase of shares by CEO George Zoley, founder of the company, who spent a stonking US$1.1m on stock at these levels last week, thereby increasing his holding size by 5.7%.
The recent purchase by George Zoley was the biggest purchase of GEO Group shares made by an insider individual in the last twelve months.
$GEO
#GEO
Yup, CEO locking up more shares, with so many shorts out on the Streets, they better be careful of their criminal ways,in the blink of an eye they can all end up behind bars getting squeezed in a really bad way by reddit gang in the showers.
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Primary IR Contact | Filing and Other Information
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Welcome to The GEO Group, Inc. You might already know that GEO is a world leader in privatized correctional and detention management. But did you also know that we offer a wide range of other diversified services - from home detention to the development of residential treatment and mental health facilities?
We invite you to browse throughout our website to learn more about our company - and what makes us different from our competition. You'll see why our management team is the best in the business and how our unique turnkey approach allows us to more effectively design, build, manage and finance our state of the art facilities. You will learn why our unique approach to rehabilitation has become the model of treatment for our entire industry. You will also learn more about the many benefits of privatization - and why we believe a strategic investment in GEO makes good business sense.
All levels of government (federal, state and local) are being pressured to relieve prison overcrowding and by public opinion to impose longer sentences and resist early release programs based on insufficient jail space. Limited financial resources and resistance to tax increases compound this dilemma. The GEO Group, Inc. (GEO) offers privatized detention/correctional facilities as a viable solution.
As a contractor in a competitive arena, GEO's cadre of corrections professionals are motivated to find cost effective and innovative approaches and also provide the highest quality service possible. GEO provides all levels of secured facilities.
As an integral part of any correctional program, GEO has developed an expanding reputation as a provider of quality basic education programs, vocational training, substance abuse counseling and job seeking skills. Its operation of detention/correctional facilities also includes food services, medical care, building and grounds maintenance, transportation and full logistical support.
As public administrators become increasingly supportive of efforts by the private sector to assume tasks traditionally performed by government entities, GEO is in the forefront, providing leadership and innovation to this expanding service industry.
GEO brings to the marketplace an extraordinary reservoir of knowledge and expertise, unparalleled in the industry and well prepared for the challenges of the future.
George C. Zoley
Chairman of the Board
Chief Executive Officer and Founder
Corporate Information
The GEO Group (NYSE: GEO) is a world leader in providing diversified services to government agencies around the globe. We offer high-quality, cost-effective services in the areas of correctional and detention management and residential treatment through state-of-the-art designs, innovative programs and ground-breaking treatment approaches.
These services include:
We design, construct, finance and manage jails, state and federal prisons, special-purpose institutions, and immigration and detention centers.
We develop and manage medical and mental health rehabilitation facilities and services, including those focused on education, substance abuse, counseling and work programs, and community corrections services.
We deliver various other management services such as secure prisoner transport and escort, court and immigration custody services, and facility maintenance services.
At 2nd quarter 2008, we manage, or currently developing 64 correctional/detention and residential treatment facilities worldwide. Under these agreements, we manage over 59,000 offender beds in North America, Australia and South Africa. Our revenue at year-end 2007 was $1.024 billion, and net income was $41.845 million.
We currently have over 14,000 skilled employees. Corporate staff includes experts in prison design, financing, contract compliance, risk management, general administration, security, health services, human resources, information technology, basic education, vocational training, counseling, substance abuse treatment, mental health services and special needs populations, food service, facilities maintenance, and procurement.
Our world headquarters office is located in the United States in Boca Raton, Florida. We also have regional offices in Carlsbad, California; New Braunfels, Texas; and Charlotte, North Carolina. Our international offices are located in Sydney, Australia; Sandton, South Africa and Reading, England. Our stock is listed on the New York Stock Exchange under ticker symbol GEO.
Board of Directors
The GEO Board of Directors (from left to right): |
George C. Zoley Chairman of the Board, Chief Executive Officer and Founder The GEO Group, Inc. | Wayne H. Calabrese Vice Chairman President and Chief Operating Officer The GEO Group, Inc. | Norman A. Carlson Former Director Federal Bureau of Prisons | Anne Newman Foreman Former Under Secretary United States Air Force | Richard H. Glanton Senior Vice President Corporate Development Exelon Corp. | John M. Palms, Ph.D. Distinguished University Professor President Emeritus University of South Carolina | John M. Perzel Member Pennsylvania House of Representatives |
Corporate Structure and Other Details
The GEO Group is a decentralized organization composed of:
GEO's global corporate headquarters consolidates key corporate functions that serve the entire organization. These include the:
GEO Care, Inc. (GEO Care) is the premier provider of behavioral, mental health, and other special needs health care services to state and local government agencies. Established in 1997 as a subsidiary of The GEO Group, we offer high-quality, cost effective services, with state-of-the-art designs, innovative programs and ground-breaking treatment approaches. GEO Care has been recognized for delivering high-quality care and effective treatment programs. A sample of our accomplishments are shown below:
The formation of GEO Care is part of GEO's strategy to diversify into services that are complementary to its core business.
Industry Awards and Recognition
GEO takes great pride in ensuring that all facilities maintain the highest possible operating standards. Accreditation is important because it evaluates our facilities, measures our operating excellence, and assesses the integrity and professionalism of our staff. This promotes a "culture of quality" at GEO that ensures our adherence to performance standards that are among the highest in our industry.
All of GEO’s facilities are designed and operated in a manner consistent with the recommendations, standards or guidelines of one or more industry association, commission or council, to whom we regularly open our doors for inspection and evaluation. This cooperative, disciplined approach has resulted in the accreditation or reaccreditation of numerous facilities, with compliance scores as high as 100 percent. Accreditation establishes benchmarks for the quality of our operations and also enables us to gain additional protection for our client agencies against claims and litigation.
To obtain accreditation we adhere to the guidelines of the following organizations:
American Correctional Association (ACA)
ACA has developed national standards and implemented an accreditation process to maintain a balance between protecting the public, and providing an environment that safeguards the life, health, and safety of staff and offenders. More
International Organization for Standardization (ISO)
ISO represents an international consensus of standardized requirements for different quality management systems to assure that rigorous quality standards are maintained. More
National Commission for Correctional Health Care (NCCHC)
This accreditation program has established comprehensive health care policies and procedures that meet the highest standards in the industry. More
Joint Commission on Accreditation of Healthcare Organizations (JCAHO)
Accreditation by the JCAHO proves that effective health services and overall health protection is provided for inmates, ensuring a low risk of liability related to these services. More
Australian Council of Health Care Standards (ACHS)
Accreditation is awarded to facilities that consistently deliver health services efficiently and offer above-average health protection for inmates while maintaining a low liability risk related to these services. More
National Safety Council of Australia Ltd. (NSCA)
Provides awards for implementation of safety systems and processes that demonstrate an innovative approach to workplace health and safety. More
Southern Association of Colleges and Schools (SACS)
Is one of only six such regional accrediting organizations recognized by the U.S. Department of Education. It accredites more than 13,000 public and private institutions in 11 states of the Southeastern U.S., Latin America and around the world. Member institutions regularly perform comprehensive self-evaluations to assist in improving and maintaining program quality. More
Correctional Education Association (CEA)
Provides a set of comprehensive standards designed to establish a framework to evaluate education programs in correctional settings. More
Past Honors And Accreditation
We achieved the following accreditations and honors with our former 50% partner Serco Investments Limited with whom we owned and operated Premier Custodial Group Limited (PCG) in the UK until we sold our interest to them.
Chart and Other Information
Ref: Form 10
Common stock, $0.01 par value, 90,000,000 shares authorized, 67,146,903 and 67,050,596 issued and 51,071,903 and 50,975,596 outstanding
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