$GEO (The GEO Group, Inc.) is an equity real estate investment trust. It specializes in the design, development, financing, and operation of correctional, detention, and community reentry facilities. GEO Is one of the two largest private prison owners and operators in the United States.
In short, GEO is a prison REIT.
My thinking why this would be a worth buying is because:
- One of the sharpest analysts (Michael Burry) invested in it
- The stock is undervalued trading at just over $5 (book value about 7.6$ + 2.3$ in cash = 9.9$).
- About 30% of the float (tradeable stock) is short.
- Huge volume entering in the minimums.
Your thoughts?
Submitted May 01, 2021 at 08:36PM by Umasdfjklxc https://ift.tt/2QLGQ5r
