GEO - GEO Group Could Resume The Dividend Sooner Than Later
2024-01-29 10:30:36 ET
Summary
- GEO Group stock has posted significant gains lately, rising by ~60% and ~39% since my two bullish updates, respectively.
- The company has focused on aggressive deleveraging, using internal cash flows to pay down debt.
- GEO's improved net debt/EBITDA ratio hints at a potential dividend resumption, reflecting a healthier financial position than the pre-dividend cut era.
Last year, I covered The GEO Group ( GEO ) on three different occasions.
In January, I wrote that while management seemed to be taking the company in the right direction, it might be wise for investors to lock in some profits, as shares had rallied notably at the time. Following that article, shares lost nearly 40% of their value....
GEO Group Could Resume The Dividend Sooner Than Later