💥🇺🇸#GEO #bankruptcy #gossip
The GEO prison owner faces the threat of bankruptcy - BBG
Management has already taken steps to build cash with measures that included drawing down almost all of Geo’s credit line and suspending dividends.
Geo and its main rival CoreCivic #CXW are facing a cash crunch after major banks disclosed plans to stop lending to the industry and as money managers put more emphasis on #ESG
Biden ordered the Justice Department not to renew contracts with private prison operators.
The GEO prison owner faces the threat of bankruptcy - BBG
Management has already taken steps to build cash with measures that included drawing down almost all of Geo’s credit line and suspending dividends.
Geo and its main rival CoreCivic #CXW are facing a cash crunch after major banks disclosed plans to stop lending to the industry and as money managers put more emphasis on #ESG
Biden ordered the Justice Department not to renew contracts with private prison operators.
🇺🇸#CXW #report #watchlist
Corecivic:
- Q4 FFO of $0.42 beats by $0.09
- Revenue of $471.43M (-0.1% Y/Y)
2023 Outlook: Net income $58.0 million to $75.0 million, FFO per diluted share $1.35 to $1.50, Diluted EPS $0.50 to $0.65, EBITDA $298.5 million to $313.5 million, during 2023, expect to invest $64.0 million to $67.0 million in CAPEX
Corecivic:
- Q4 FFO of $0.42 beats by $0.09
- Revenue of $471.43M (-0.1% Y/Y)
2023 Outlook: Net income $58.0 million to $75.0 million, FFO per diluted share $1.35 to $1.50, Diluted EPS $0.50 to $0.65, EBITDA $298.5 million to $313.5 million, during 2023, expect to invest $64.0 million to $67.0 million in CAPEX