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Strategies & Market Trends : Value Investing
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From: Sean Collett11/9/2023 1:41:03 PM
   of 78687
 
GEO:

Given the current US situation with immigration I am going to be adding to my GEO position. Chicago is now turning hotels into shelters and last year their estimate for one-night counts was at 3,875 which has now been blown out by actually seeing 6,139 (2,196 were asylum-seekers). Chicago is expecting 20,400 migrants this year. These US cities are really just not equipped to handle this situation and I expect to see some benefit to a company like GEO down the road...unfortunately.

Outside of this, companies are reporting higher shrink loss as well.

Debt continues to decline which will improve shareholder yield. Total debt as of the recent 10-Q was $1,965, which is down from the June 2021 high of $3,100; 36% reduction in debt in a short time.

-Sean
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