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The GEO Group, Inc. Message Board

  • Curtispvd992 Curtispvd992 Jun 14, 2003 1:12 AM Flag

    Iower interest expense

    means higher net income of between $.20 and .27 for 2004.......The original announcement stated that WHC would barrow money to complete stock purchase and for GCP at aprox. 9%. With the dramatic decrease in barrowing/interest rates over the last several months, as well as increased demand for lesser quatlity debt, this writer sees such deal completed at a cost of between 7.25 and 7.75 percent. On 150 million barrowed this would equate to between $.20 and $.27 increase on the stated expected net income for 2004 or between $1.95 and $2.12. ( based on approx. 9.7 million shares )

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