GEO

[Sekiyo]

I was told by dozens of super successful elitetraders that deep dive analysis was worthless. You only needed to look at price and technical analysis. Was I misinformed?

Only price pays

 

[TrailerParkTed]

What’s up with this stock?
I saw a video of a speech by Michael Burry, who runs a hedge fund, Scion Asset Management (he’s the guy that saw the Sub Prime crisis coming in 2007 and called it.)

so it prompted me to look up Scion Asset Management. According to their 10Q from I think June, in the second quarter of this year they sold all of their holdings, the usual suspects, Facebook, Amazon etc. and they invested 10”% of their assets in GEO, a REIT that owns and operates prisons. Shitty earnings, no growth, nothing special about this company. Trades in the $8’s.
The 10Q stated that the fund manages $290 million, for FOUR clients.
weird. Wonder if somethings brewing.

I asked a friend a former COO for one of the bigger for profit prisons corps. His theory not mine:


“A play on the House&Senate going Right and the public getting sick of decriminalized convicts out of control on the streets. Mentally imbalance homeless could be housed”