Here are my thoughts
The offering is only dilutive at current guidance of about .05 which is a small price to pay while taking down its Net Debt/EBITDA ratio from 5X to 3X (and improve its... login to read the rest
I've done a fair bit of work on GEO since your posting - thanks for a good writeup.
But, why is GEO issuing shares? Specifically why so much? When I put this... login to read the rest
My estimates include the REIT acquisition. GEO was under long term triple-net leases with the REIT which required GEO to pay all operating expenses, taxes, insurance, maintenance, structural and non-structural repairs and other costs.... login to read the rest
do your 2007 and 2008 estimates include the earnings and the capex from the REIT acquisition? seems adding the new facilities would increase the maint capex more than you are showing
I believe the barriers to entry are as follows:
1) Despite the growth in privatization, there is still reluctance in parts of the government to outsource due to risk of loss of control. The government... login to read the rest
Could you please elaborate on the barriers to entry a bit. I understand why private enterprise could be more efficient than government run facilities (after all that is usually the case), but why couldn't anyone... login to read the rest
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