The GEO Group (GEO) and CoreCivix (CXW), another prison REIT, are often recommended for their high dividend yield towards retirees and income-oriented investors. In this article, I want to focus on The GEO Group, whose yield is supposedly well-covered by the company's FFOs.
What some fail to see, however, is that besides subjective reasoningas to whether the stock is worth investing (e.g., ethical reasons), the company has, objectively speaking, a massive debt problem. I believe that the company faces severe financing issues and that should these trigger its debt covenants, investors