The GEO Group, Inc. Message Board
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******NEWS JUST OUT*****
JUST ANOUNCENT< corectional properties reit being formed..
IPO, 6.2 MILLION SHARES WITH the purpose
of buying 6 properties from whc with option for three more..
smith barney will be a underwriter..-
how long will it take to form this reit ? cca did the same with pzn. it opened at 21. now going for 44. or so. if they, {
whc} do this it should do the same as pzn! i got stuck out on pzn when it opened up at 21. by the end of the day was in the 30's.
do you have any information when it will come ? i will buy plenty this time ! got stuck out the first , don't won't to get
stuck out this time!! this is a great time for whc to do this . look at pzn , if i had bought in the first day at 21. would have
double my money by now! in seven months !!!! i feel this will do the same. let us know when it first opens up! this is GREAT NEWS!!- 1 Reply to as32164
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If you (as32164) or any body else knows when this IPO will hit the street let us know!
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I read the news release but don't understand what it means to whc. Is this good news or bad? why would whc be selling these properties? Any insight would be appreciated. Thanks!
- 1 Reply to moroon
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When cca formed its reit i wondered to why would they sell
their prison , for what purpose , how would they benifit..
The answer and purpose is this: whc, most likley will be running
the reit, their ceo"s and board members will probably be on the
new REIT board...
Building prisons is capitol intensive,in order to win the big
contracts you need a lot of cash so you can make local goverments offers they can"t resist, ( dont worry you ain"T got
no money NO PROBLEM WELL FINANCE IT, BUILD IT and
run it) you just give us a nice long 25 YEAR CONTRACT.
In selling their prisons to the reit they will in turn lease the
prisons back for a fee, and still maintain the contract to run them for lets say a 25 year contract.. also obtaining maybe
$$$300 to 400 million in the sale, this capitol would be on hand to win
new contracts, and bulid new prisons!!!!
NOW how do we get shares before it goes on the open markett, they say it may be almost impossible, this offering
i assume will be very much in demand because of the sucess
of PZN REIT.. ONLY THE BIG FISH MAY GET IT,we may have to wait till the first day on the markett..
whc, should be in a much improved financial condition
analyst may now upgrade stock and hopefully we can make
some money on whc..
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