GEO Group: Debt Refinancing Presents Value And Income Opportunity

Darrin Klimek The GEO Group (NYSE:GEO) is a real estate company that focuses on partnering with governments to provide correctional and community re-entry facilities and services. The company eliminated its dividend and switched from a REIT to a C-Corp after a heavy debt load threatened profitability. After a debt exchange, the company began to bounce back and earlier this year, I wrote about GEO Group's debt yielding 10%. Now, the company is embarking on a broad refinancing, and I believe it's time to swit ...