Mar. 18 at 3:31 PM
$GEO Mullin is from Oklahoma..where GEOs Lawton sale occurred. Expect a similar transaction but on a nation-wide scale. Using the Lawton sale as a template, the 2,700 bed facility sold for
$312M or
$115K per bed. GEO has 75K beds X
$115K =
$8.6B. Minus net debt of
$1.6B = 7B. 7B divided by 140M shares =
$57.00 p/s. Add BI & value is ~
$70. Based on his record, Mullin is a strong proponent of aggressive immigration enforcement, full funding for ICE & the use of private contractors for detention. As a staunch ally of the Trump adm, Mullin has advocated for robust, proactive immigration enforcement. Mullin has criticized Dems for trying to limit ICE, arguing that reducing funding is a matter of optics rather than sound policy. He's criticized efforts to restrict ICE's ability to detain individuals, supporting the need for more detention space. Mullin has stated he will be "laser-focused" on protecting the homeland. If u r a GEO shareholder, Mullin is the best choice you could have hoped 4.
