Recent

% | $
Quotes you view appear here for quick access.

The GEO Group, Inc. Message Board

  • leprkahn leprkahn Jun 25, 2000 9:45 PM Flag

    High cash holdings

    The price of this stock makes me sick. But that
    aside, does anyone know if there is approximately $1.29
    in cash sitting behind each share? If so, what are
    the investment plans at this time? Are we still going
    to see the 30-40% annual revenue growth?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • LeprKahn,..yes the 40% growth rate is not the
      present. There is an authorized share repurchase plan, if
      the economy continues deteriorating, and interest
      rates continue escalating I'm sure the needs for more
      beds will also increase, the stock is very depressed
      and constitutes in my humble opinion an oustanding
      value selling at 85% discount from the high of 45.00 a
      share and close to its IPO value of 6.00...(smiles).

 
GEO
38.04-0.45(-1.17%)Jun 2 4:03 PMEDT