saerdna1968a
Oct 7, 7:00 PM
$GEO Team, now the dust has settled in. Let´s digest all this good news.
First,we have a reduction of debt by
$650 million AND a change in their revolving credit line to total flexibility. So nothing can endanger the company on the cash side any more, no bad bank, no market interest increase. This is so valuable, it is a gamechanger
Second, we see again the huge value of owned beds.
$950 million for 2644 beds means
$359K per bed. We still own more than 40.000 so the value of company has now topped
$14 billion because there is not much debt left. We are at Mkt Cap of
$3.94B with a 30$ share price....even a 3rd grader can see that the NAV has surpassed all old estimations..guess we have
$100 per share as real value...
Third, and really interesting.
$GEO announced debt reduction AND buyback increase. But the latest sale covers the debt reduction...so we expect more sales in near future. Let´s buy more, somebody is desperately trying to keep the price down, just use it..GL to all smart longs
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