- The GEO Group, Inc. is undergoing a strategic review of its REIT structure after the Biden administration banned contract renewals with private detention facilities at the federal level.
- The company has already suspended its dividend and seems likely to shed some assets to reduce its recently downgraded debt.
- After a selloff to below $6 and a subsequent meme stock rally to over $8, recent insider buying by the company’s founder merited deeper examination.
- A full investment analysis follows in the paragraphs below.
For further details see:
GEO Group: In The Biden Administration's Crosshairs