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DarrylUOBKH
7 nov. 2022 14:59

Sustainable Breakout? Long

Geo Group Inc (The) REITNYSE

Description

Break out from resistance, not sure if Michael burry still holding on to this company.
Commentaires
exactingDove80234
The stock has done so many stupid things over the past months. And no one can be sure about anything here. Especially companies cheat with their financial statements soo much lately, looks like most of the regulators are gone. Also breaking resistances and patterns doesn't mean what it used to mean, all over the market, except for the largest caps. This stock is pumped by someone since the summer. That is why there are no news about the lawsuit and trouble with SEC or anything factual, there is just news about Burry, an analysis by couple of Indian guys who copied an analysis of north African guy who got all his info from a pumpy marketing article. Plus we don't even know who wins the elections. The stock can do crazy things both sides, not just this week or month, but in the upcoming months too. They have huge debt, they kept manipulating statements even recently and are in trouble with SEC, their EPS keeps declining yet everybody screams it is undervalued. What dod they have, big debt, real estate (which happens to enter bear market which will last for quite some time), no security when it comes to current contracts, and a business model that is probably not even needed in the market. I believe, if things don't go bad, its future may start looking bright. But before it happens, it will either crash to 6 area or even much below that, ot it will keep pumping and fall down like a stone before pumping again.
DarrylUOBKH
@exactingDove80234, Thanks for the info & I personally don't favour a REIT that do not pay any dividends either. I am looking at this because of Burry thats all 😂
Bishmar
something is def cookin
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