- Since 2017, GEO shares have fallen sharply from $30 to $7.90 per share, below even the book value of $8.19 per share.
- President Biden recently signed an executive order that banned the renewal of Department of Justice contracts with private prisons, but the effect on GEO is less than the market thinks.
- The border crisis renders ICE dependent on GEO for capacity, making it near impossible for ICE to cut ties in the near future.
- With a market cap of just $970 million, GEO has the potential to increase 2-3x in the next 6-12 months.
For further details see:
GEO Group: The Market Has Mispriced The Stock, Grossly Undervalued