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Hennington Research
@HennRes
1Anno·

GEO Group ($GEO (+2,09%) ), a prison operator has today reached a new 4 year ATH due to an agreement reached with certain creditors to settle debt due in 2 years.


Geo Group announced that the creditors had agreed to pay 177 million US dollars of the Senior Note Bond (6.5% yield, 2026 maturity) in exchange for 305 million US dollars swap.


In addition, GEO Group announced on Thursday that it has completed a private placement of senior notes bonds totaling 1.28 billion US dollars completed. These bonds have a maturity date of 2029 and 2031.


The company estimates, together with another loanprofits of around 1.67 billion US dollars.

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14 Commenti
capital_guru_169@capital_guru_169
1Anno
Prison operators in the USA are pretty much the last thing I would invest in.
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Epi@Epi
1Anno
@capital_guru_169 Why is that? In the USA, this is a lucrative business with a stable customer base.
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capital_guru_169@capital_guru_169
1Anno
@Epi I wouldn't feel comfortable with it.
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Ronald@AlterMann
1Anno
@Epi "stable customer base" 😂😂 Oh well, I have a savings plan at $CXW If I look at the price, crime is worth it 😂😂
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Epi@Epi
1Anno
@capital_guru_169 You shouldn't become a customer with them! 😂
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capital_guru_169@capital_guru_169
1Anno
@Epi 😂
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Enrique@Dividenden_Monteur
1Anno
ATH was at ~30
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Epi@Epi
1Anno
@Der_Dividenden_Monteur It was also called "4-year ATH" 😅
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GreenWash@GreenWash
1Anno
@Epi Then it's a four-year high and not a four-year all-time high, which makes no sense and triggers my inner Monk. 😫
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Enrique@Dividenden_Monteur
1Anno
@Epi what @GreenWash says. ATH is now all-time😅
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Epi@Epi
1Anno
@Der_Dividenden_Monteur Oh no?! I thought ATH stands for Arithmetic Technical High. 😅
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Enrique@Dividenden_Monteur
1Anno
@Epi badum tss 🥁
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Soprano@Soprano
1Anno
Another Michael Burry share that he apparently sold far too early
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Xim@Xim
1Anno
@Soprano the guy is no longer what he used to be
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