Mar. 6 at 12:23 PM
$GEO using the Lawton, OK sale as a template for a future sale….The 2,700 bed Lawton facility sold for
$312M or
$115K per bed. GEO has 75K beds X
$115K =
$8.6B. Subtract net debt of
$1.6B =
$7B in cash.
$7B divided by 140M shares =
$57.00 per share.
Add in BI, receivables and assets and real value is probably close to
$70.00 per share.
Get a deal done at 50.00 and call it a day.