G4S (OTCPK:GFSZF) is one of the two largest security companies in the world. The largest is Securitas (OTCPK:SCTBF), but G4S is a close contender.
G4S has recently emerged from a 5-year turnaround period and is currently planning to grow. The macro-environment is positive, and the stock is priced in the upper-range in relation to earnings, but with several key levers to enhance shareholder value.
In this article, I look at the business operations, outline key growth initiatives, risks, and the few catalysts (such as debt refinancing) that could potentially lead to