Verdienen am Knast ??? - GEO Group (Seite 20)

[KMST]

Shorten ohne die Dividende ist jetzt noch billiger geworden. Der Druck bleibt somit unvermittelt hoch und kann sogar noch steigen. Michael Burry hat seine longposition in q1 auch wieder komplett abgestoßen.

[Aurcaner]

Ich würde mal auf Shorter tippen.

Aber da wird man echt mürbe.
Da denkt man, Das Low ist erreicht, ein Boden ist gefunden und es kehrt endlich etwas Ruhe ein und dann gehts ohne Nachrichten noch eine Etage tiefer.
Echt zum verzweifeln.

[Buelo78]

Ich habe mir gestern Abend eine kleine Position aufgebaut.
Ich kann mir beim besten Willen nicht vorstellen, dass die Objekte nicht mehr gebraucht werden.
Durch die Gesamtsituation sind weniger Betten belegt, somit geringere Einnahmen.

[Buelo78]

Guten Morgen,

die Zukunftsperspektiven sind aktuell mau.
Die Dividende ausgesetzt um Schulden abzubauen. Verträge werden von der US Regierung gekündigt. Etc…

[thoraab]

Hallo guten morgen Alle,

Hat jemand eine Ahnung warum GEO So absackt, das Update von Montag war doch keine Schlechte nachricht. Auf Seeking Alpha..wird ein Grund in den Kommentaren am Ende des Berichtes genannt das der "Dip" aufgrund von Optionen ist. Hat jemand hier ein paar naehre Informationen?
https://seekingalpha.com/article/4430020-geo-group-buy-sell-…

Schoenes Wochende.

[der_Funktionaer]

www.zolmax.com

Die GEO Group (NYSE:GEO) hat am Montag ihre Gewinnprognose für das zweite Quartal 2021 aktualisiert. Das Unternehmen gab eine Prognose für den Gewinn pro Aktie (EPS) von 0,570-0,590 für den Zeitraum. Das Unternehmen gab eine Umsatzprognose von $558 Mio.-$563 Mio. ab, verglichen mit der Konsensumsatzschätzung von $570,80 Mio.Die GEO Group aktualisierte auch ihre Prognose für das Geschäftsjahr 2021 auf 2,230-2,310 EPS.

Die GEO-Aktie fiel am Dienstagmittag um $0,03 und lag bei $6,30. Es wurden 44.296 Aktien des Unternehmens gehandelt, verglichen mit einem durchschnittlichen Volumen von 4.861.972. Das Unternehmen hat eine Marktkapitalisierung von $771,04 Millionen, ein Kurs-Gewinn-Verhältnis von 5,41, ein Kurs-Gewinn-Wachstums-Verhältnis von 0,35 und ein Beta von 0,89. Der 50 Tage einfache gleitende Durchschnitt des Unternehmens liegt bei $6,22 und der 200 Tage einfache gleitende Durchschnitt bei $8,07. Das Unternehmen hat ein Current Ratio von 1,19, ein Quick Ratio von 1,19 und ein Debt-to-Equity Ratio von 2,85. The GEO Group hat ein 1-Jahres-Tief von $5,46 und ein 1-Jahres-Hoch von $14,81.

Übersetzt mit www.DeepL.com/Translator (kostenlose Version)

passt schon...

[lazy_invest]

Antwort auf Beitrag Nr.: 68.135.170 von Aurcaner am 10.05.21 20:14:03

Ich warte noch auf eine angemessene Kursreaktion...
Umsatz-Guidance quasi bestätigt, AFFO-Guidance (zumindest für mich überraschend) angehoben - was will man mehr? Wir sollten damit eigentlich wieder über dem Niveau zum Zeitpunkt der Meldung zur Suspendierung der Dividende stehen.

Schuldenabbau und Devestitionen werden ebenfalls wie versprochen angegangen:
During the first quarter 2021, we reduced our total net debt by approximately $57 million, which represents substantial progress toward our previously articulated objective of reducing net debt by $125 million to $150 million in 2021. Based on our progress to date, we continue to target net debt reductions of no less than $125 million to $150 million. In the first quarter 2021, we also sold our interest in the Talbot Hall reentry center in New Jersey, resulting in net proceeds to GEO of $13.2 million. We are evaluating the potential sale of additional company-owned assets.
(https://investors.geogroup.com/news-events-and-reports/inves… )

Naja, sieht weiterhin nach einem Geduldspiel aus. Nach der Meldung aber zumindest wieder etwas entspannter

[Aurcaner]

Warum so ruhig hier heute?
Wo steigt denn die Party?
Der Kurs geht endlich in die richtige Richtung.
Aber leider, zumindest bisher, kein short sqeeze.

[Andrija]

Noch ein Nachtrag bevor es hoffentlich heute in N.Y. bei den Megazahlen richtig kracht, es ist also nicht alles nur schwarz oder weiß wie nicht anders zu erwarten:

https://www.miamiherald.com/news/local/immigration/article25…

Will Biden officials renew ICE contract with GEO Group? It’s not off the table
BY MONIQUE O. MADAN AND ALEX ROARTY
APRIL 30, 2021 10:08 AM, UPDATED APRIL 30, 2021 03:59 PM
Play VideoDuration 1:36
Miembros de la embajada de Venezuela visitan al Broward Transitional Center

Miembros de la embajada de Venezuela visitan al Broward Transitional Center el 28 de diciembre de 2020. BY JOSÉ A. IGLESIAS

The Biden administration is in talks with private prison company GEO Group about possibly renewing a South Florida immigration detention center contract despite the president’s past pledge to do away with private detention facilities and over the vehement objections of immigration advocates.

Department of Homeland Security officials held a closed-door meeting with the private prison operator this week about continuing the contract while making certain modifications to improve public perception, like changing the color of some detainee uniforms, which are usually bright orange for those with a past or pending misdemeanor charge. Details on the talks were shared with the Miami Herald by two people involved in federal contracting and with direct knowledge of the situation.

U.S. Immigration and Customs Enforcement confirmed the contract for the Broward Transitional Facility is “under negotiations for renewal” while GEO Group did not respond to a request for information. Government records show the group’s contract to run the detention center — located in Pompano Beach— is currently up for grabs once it expires in July.

During the campaign, candidate Joe Biden promised to end the federal government’s use of private prisons. Within a week of taking office as president, he issued an executive order instructing the Department of Justice not to renew contracts with private prisons, saying they did not “maintain the same levels of safety and security” as government-operated jails.

But the White House did not extend the order to include the Department of Homeland Security, which oversees private detention facilities for migrants. Officials said they would take direction on the issue from DHS. Because Broward’s ICE contract is one of the nation’s first to expire under President Biden, it could potentially set a precedent for how the administration chooses to negotiate immigration detention contracts in the future.

The lack of any action on private detention centers for ICE detainees has upset some progressive advocates — including one man who cried out to Biden at an outdoor car rally Thursday.

“Close all the detention centers now, please!” the unidentified man yelled.

Biden’s response: ”I agree with you. I’m working on it, man! Give me another five days.”

He continued: “There should be no private prisons, period. None. Period. ... Private detention centers: They should not exist and we are working to close all of them.”

White House officials would not comment on Biden’s remarks late Thursday.

Private detention facilities have housed a growing share of detained immigrants. A report from the American Civil Liberties Union found that in January of last year, 81% of ICE-held immigrants were kept in facilities either owned or managed by private corporations. That’s an increase from roughly half of all detainees a decade earlier, the report found.

Immigration advocates say migrants shouldn’t be detained in centers of any kind, arguing that either family members who live in the country or nonprofit groups can house them until their court date.

But if the government does detain them, they say private facilities — as opposed to those managed directly by the government — are less safe. They cite reports like one issued in June of 2019 from the DHS inspector general’s office, which criticized some of the private facilities for inadequate medical care and unsafe conditions.

The animus runs so deeply that for some activists, even if the Biden administration were to change course and not renew the Broward contract, that wouldn’t go far enough.

“If the facility is still there, what’s to stop them from using it a few years down the road?” said Kathryn Hampton, a senior officer at the Asylum Program for the pro-immigrant group Physicians for Human Rights. “Without a real concerted effort to shut things down and change the system, I’m worried it seems like a good step, but it’s a half-measure.”

[Andrija]

Nachgekauft!

The GEO Group Reports First Quarter 2021 Results and Updates Full Year 2021 Guidance
May 10, 2021 6:55 AM ETBusiness WireThe GEO Group, Inc. (GEO)

BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the first quarter 2021 and updated its financial guidance for the full-year 2021.

First Quarter 2021 Highlights

Total revenues of $576.4 million
Net Income Attributable to GEO of $50.5 million or $0.41 per diluted share
1Q21 results reflect $13.3 million pre-tax gain on real estate assets and $3.0 million pre-tax gain on the extinguishment of debt
Adjusted Net Income of $0.28 per diluted share
Net Operating Income of $152.3 million
Normalized FFO of $0.44 per diluted share
AFFO of $0.60 per diluted share

We reported first quarter 2021 net income attributable to GEO of $50.5 million, or $0.41 per diluted share, compared to $25.2 million, or $0.21 per diluted share, for the first quarter 2020. We reported total revenues for the first quarter 2021 of $576.4 million compared to $605.0 million for the first quarter 2020. First quarter 2021 results reflect a $13.3 million gain on real estate assets, pre-tax, a $3.0 million gain on the extinguishment of debt, pre-tax, and a $0.1 million benefit in the tax effect of adjustments to net income attributable to GEO. Excluding these items, we reported first quarter 2021 Adjusted Net Income of $34.1 million, or $0.28 per diluted share, compared to $28.8 million, or $0.24 per diluted share, for the first quarter 2020.

We reported first quarter 2021 Normalized Funds From Operations (“Normalized FFO”) of $53.1 million, or $0.44 per diluted share, compared to $47.2 million, or $0.39 per diluted share, for the first quarter 2020. We reported first quarter 2021 Adjusted Funds From Operations (“AFFO”) of $72.2 million, or $0.60 per diluted share, compared to $66.6 million, or $0.55 per diluted share, for the first quarter 2020.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said, “While we continue to face operational and financial challenges associated with COVID-19, we remain pleased with the performance of our diversified business units. We believe that our company remains resilient and is supported by long-term real estate assets and contracts entailing essential government services. We recognize that heightened political rhetoric has created concerns regarding our future access to financing, and recent federal policy actions have resulted in the non-renewal of some of our contracts. To address these challenges, we are focused on debt reduction, deleveraging, and internally funding growth, which we believe is in the best interests of our shareholders as we focus on addressing our debt maturities and enhancing long-term shareholder value.”

Recent Developments

On January 26, 2021, President Biden signed an executive order directing the United States Attorney General not to renew U.S. Department of Justice (“DOJ”) contracts with privately operated criminal detention facilities, as consistent with applicable law (the “Executive Order”). Two agencies of the DOJ, the Federal Bureau of Prisons (“BOP”) and U.S. Marshals Service (“USMS”), utilize our services. The BOP houses inmates who have been convicted of federal crimes, and the USMS is generally responsible for detainees who are awaiting trial or sentencing in U.S. federal courts.

As we have previously disclosed, prior to the signing of the Executive Order, the BOP had already decided to not renew contracts for three of our secure services facilities, one of which expired at the end of January 2021 and two of which expired at the end of March 2021. During the first quarter 2021, we were notified by the BOP that the contract for our company-owned Great Plains Correctional Facility in Oklahoma will not be renewed when the current contract period expires on May 31, 2021. We were also notified that the BOP has decided to end its contract with the county-owned and managed Reeves County Detention Center I & II effective May 10, 2021, and as a result, our management consulting contract with Reeves County, Texas for this facility has also ended. We expect that our remaining secure services contracts with the BOP will not be renewed when the current contract periods expire between the end of November 2021 and the end of September 2022. For the three months ended March 31, 2021, our secure services contracts with the BOP accounted for approximately 12% of our total revenues.

Unlike the BOP, the USMS does not own and operate its detention facilities. The USMS contracts for the use of facilities, which are generally located in areas near federal courthouses, primarily through intergovernmental service agreements, and to a lesser extent, direct contracts. We are cooperating with the USMS in assessing various alternatives on how to comply with the Executive Order. During the first quarter 2021, we were notified by the USMS that it would not renew the contract for our company-owned Queens Detention Facility in New York, which ended on March 31, 2021. We currently operate four additional detention facilities that are under direct contracts and eight detention facilities that are under intergovernmental agreements with the USMS. The four direct contracts are up for renewal at various times over the next few years, including two in late 2021. For the three months ended March 31, 2021, the direct contracts and intergovernmental agreements with the USMS accounted for approximately 15% of our total revenues.

President Biden’s Administration may implement additional executive orders or directives relating to federal criminal justice policies and immigration policies which may impact the federal government’s use of public-private partnerships with respect to correctional and detention needs, including with respect to our contracts, and/or may impact the budget and spending priorities of federal agencies, including the BOP, USMS, and U.S. Immigration and Customs Enforcement.

Updated 2021 Financial Guidance

FY21 Revenues of $2.23-$2.25 Billion
FY21 Net Income Attributable to GEO of $141-$150 Million
FY21 Adjusted EBITDAre of $395-$406 Million
FY21 AFFO of $2.23-$2.31 per diluted share

We have updated our financial guidance for the full year 2021 and have issued our financial guidance for the second quarter 2021. Our updated guidance continues to assume a slow recovery from the COVID-19 pandemic throughout 2021. Our updated guidance reflects the previously announced expiration of three of our secure services contracts with the BOP during the first quarter 2021 and the discontinuation of our management consulting contract with Reeves County, Texas. Our guidance also reflects our previously announced expectation that three additional secure services contracts with the BOP will not be renewed when their current contract option periods expire during 2021.

With respect to the USMS, our 2021 guidance reflects only the previously announced non-renewal of the contract for our Queens Detention Facility in New York, which expired on March 31, 2021, and we will continue to monitor the scope and implementation timeline of President Biden’s Executive Order. These contract non-renewals are offset in part by the activation in late 2020 of our three ICE Annex facilities in California and our Eagle Pass Detention Facility in Texas, which we expect to achieve normalized operations over the course of 2021.

For the full year 2021, we expect Net Income Attributable to GEO to be in a range of $141 million to $150 million. We expect full year 2021 revenues to be in a range of approximately $2.23 billion to $2.25 billion. We expect full year 2021 Adjusted EBITDAre to be in a range of approximately $395 million to $406 million. We expect full year 2021 Adjusted Net Income per diluted share to be in a range of $1.02 to $1.10 and full year 2021 AFFO per diluted share to be in a range of $2.23 to $2.31.

For the second quarter 2021, we expect Net Income Attributable to GEO to be in a range of $35 million to $38 million. We expect second quarter 2021 revenues to be in a range of $558 million to $563 million. We expect second quarter 2021 AFFO to be in a range of $0.57 to $0.59 per diluted share.

Balance Sheet and Liquidity

During the fourth quarter 2020, we drew down $250 million under our revolving credit facility. At the end of the first quarter 2021, we had approximately $290 million in cash on hand. During the second quarter 2021, to preserve liquidity, maintain financial flexibility, and for general corporate purposes, we drew down an additional $170 million under our revolving credit facility, increasing our cash on hand to approximately $460 million and leaving approximately $14 million in additional borrowing capacity under our revolving credit facility, subject to the satisfaction of the applicable conditions precedent to any such borrowings.

During the first quarter 2021, we reduced our total net debt by approximately $57 million, which represents substantial progress toward our previously articulated objective of reducing net debt by $125 million to $150 million in 2021. Based on our progress to date, we continue to target net debt reductions of no less than $125 million to $150 million. In the first quarter 2021, we also sold our interest in the Talbot Hall reentry center in New Jersey, resulting in net proceeds to GEO of $13.2 million. We are evaluating the potential sale of additional company-owned assets.

Dividend Suspension

On April 7, 2021, we announced that GEO’s Board of Directors (the “Board”) immediately suspended our quarterly dividend payments with the goal of maximizing the use of cash flows to repay debt, deleverage, and internally fund growth. GEO currently intends to maintain its corporate tax structure as a Real Estate Investment Trust (“REIT”), but the Board has determined to undertake an evaluation of GEO’s structure as a REIT.

The Board’s evaluation of our current corporate tax structure and our REIT status is expected to take into consideration, among other factors, potential changes to our financial operating performance, as well as, potential changes to the Internal Revenue Code of 1986, as amended (the "Code") applicable to U.S. corporations and REITs. The Board expects to conclude its evaluation in the fourth quarter 2021, and should the Board determine not to change its current intent to maintain GEO’s REIT status, an additional dividend payment may be required before year-end in order to meet the minimum REIT distribution requirements under the Code.

COVID-19 Information

As the COVID-19 pandemic has impacted communities across the United States and around the world, our employees and facilities have also been impacted by the spread of COVID-19. Ensuring the health and safety of our employees and all those in our care has always been our number one priority. From the start of the pandemic, we implemented mitigation initiatives to address the risks of COVID-19, consistent with the guidance issued for correctional and detention facilities by the Centers for Disease Control and Prevention (“CDC”). We will continue to evaluate and refine the steps we have taken as appropriate and necessary based on updated guidance by the CDC and best practices, including the efficacy and distribution of COVID-19 vaccines. We are grateful for our frontline employees who continue to make daily sacrifices to care for all those in our facilities. Information on the COVID-19 mitigation initiatives implemented by GEO can be found at www.geogroup.com/COVID19.