sedemmler
Long

Go to Prison with Geo Group

NYSE:GEO   GEO GROUP INC (THE) REIT
GEO
40 1 1
geo
Geo             Group recently touched a multi-year bottom of $31.00. Following that they announced the reopening of a250 bed facility in California and a dividend of .57/q. The aggregate analyst target is $41.00. I am a little more conservative.

They are one of the bigger names in the for-profit American prison game and have begun to snag market share in South Africa and a few other countries. Cash flow is solid and steady; debt is manageable. If you're an economic bear (not that I am) then here's a safe play - when times get rough crime rises. If you're an economic bull (not that I am) then here's a multibillion dollar company near multi-year lows, which is a rare find in the market right now.

I like a slow and somewhat volatile 20% ride to about $37.10. Pop a stop loss at $30.00. Just over $5 up to only $2.50 down.
And here I thought after this law gets passed (http://www.wyff4.com/news/nc-lawmakers-pass-graffiti-legislation/33361660) there would be a whole bunch more beds filled. I got high hopes for this stock.
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