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The GEO Group, Inc. Message Board

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  • fldgrd2 fldgrd2 Feb 14, 2005 7:28 PM Flag

    stock going down

    GEO filed an 8-K today (Monday) saying they will restate their 2003 and 2002 earnings. The 8-K says per share earnings will be 2 cents less than previously stated for 2003 and one cent less for 2002. The reason had something to do with accounting methods for employee vacation time.

    Not a big deal, in my humble opinion. But it could very well have something to do with the price drop of last Friday.

    There was much greater than normal volume for the stock last Friday -- the trading day prior to the announcement. Hmmmmmm.

33.27+0.09(+0.27%)May 27 4:02 PMEDT