1Anno¡

GEO Group ($GEO (-3,9%) ), 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

Prison operators in the USA are pretty much the last thing I would invest in.
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immagine del profilo
ATH was at ~30
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immagine del profilo
1Anno
@Der_Dividenden_Monteur It was also called "4-year ATH" 😅
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immagine del profilo
@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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immagine del profilo
@Epi what @GreenWash says. ATH is now all-time😅
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immagine del profilo
1Anno
@Der_Dividenden_Monteur Oh no?! I thought ATH stands for Arithmetic Technical High. 😅
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immagine del profilo
@Epi badum tss 🥁
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immagine del profilo
Another Michael Burry share that he apparently sold far too early
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immagine del profilo
11Mes
@Soprano the guy is no longer what he used to be
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