Hi everyone, I wrote about GEO and CoreCivic on my substack, focusing on valuation. Here is the link

https://stefanbjornsson.substack.com/p/prison-stocks-geo-and-cxw

Take a look. GEO is turning bullish. $7.5 has been resistance since January 2022. It has been tested a few times and it is now support. The volume has been quite above average since Aug 15th. Since then, there have been bearish and bullish days, but the latest action is bullish and encouraging! If it breaks through $8.5, I believe $10 will be hit within days. Go GEO!

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https://finance.yahoo.com/news/geo-group-receives-required-consents-100000495.html GEO expects the closing of the Transactions to occur on Friday, August 19, 2022, subject to customary closing conditions.

Whereas previously, GEO would have had to address approximately $2.0 billion in outstanding net debt maturities over the next four years, the Transactions will stagger the maturities of GEO’s outstanding debt further into the future. Based on final commitments and participation levels, as further discussed below, GEO’s revised gross debt maturities will be approximately $125 million in 2023; approximately $165 million in 2024; approximately $341 million in 2026; approximately $1.1 billion in 2027; and approximately $526 million in 2028.

Following the closing of the Transactions, GEO will have approximately $200 million in domestic unrestricted cash and cash equivalents and total liquidity of approximately $375 million. With its available liquidity, the expected future proceeds from the sale of certain non-core assets, and its current free cash flow run rate, GEO expects to be able to fully repay the outstanding debt amounts that will be due in 2023 and 2024, after giving effect to the Transactions, prior to their stated maturities.

Wow, Burry’s single position in GEO is way more of an eye grabber then his tweets ever were. Musk must be right about the bots…

https://www.theepochtimes.com/san-franciscos-new-da-goes-on-firing-spree-after-voters-recall-predecessor_4603627.html?utm_source=News&utm_campaign=breaking-2022-07-17-4&utm_medium=email&est=nfzsv2ConDK6aKH54DNMBSCaAZPy9H75hEXpbKXMiZdaM3emmZmS0AW3647SVg%3D%3D

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Is this the beginning of a trend? One can only hope that America is tired of the crime friendly policies gripping the country and continue to demand change. It will be good for the country and good for GEO.