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GEO - GEO Group Stock: Tactically Covering Short Position
February, 20 2022 06:46 AM
Geo Group Inc REIT
Given GEO's cash flow profile a successful restructuring is nearly a certainty. I'm tactically covering GEO short position as a debt restructuring deal is near completion. I expect GEO to pay a hefty coupon to get all creditors onside and this is going to slow down its deleveraging. As cash flow won't accrue to the shareholders for years, I'm still bearish on GEO stock in the medium-to-long term. For further details see:
GEO Group Stock: Tactically Covering Short Position
Stock Information
Company Name:
Geo Group Inc REIT
Stock Symbol:
GEO
Market:
NYSE
Website:
geogroup.com
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