[Mess Around]First let's dig into the current valuation of $...

& $3B is cheap for a prison. Why? Because of all the real estate $GEO owns
They own hundreds of prisons in the United States totaling 56,200 owned beds
These prisons are held on the balance sheet w/ a historical cost of $2.3 billion, but they're worth much much more than that

The cost to replace and rebuild prisons has only gone up & with inflation these costs continue to increase
Private buyers of prisons value the real estate on a per bed basis
Prisons sell from anywhere from $100K/bed to over $350K/bed

So replacement value is anywhere from $5.6 billion at the low to $20 billion at the high. Even better?
$GEO has a near monopoly on these prisons
it's virtually impossible for a new owner and operator to come in and build a new prison from scratch due to regulations

There's also a growth component to $GEO that the market is totally unaware of
Meet the Electronic Monitoring Segment 🤑
The Electronic Monitoring Segment is tech that tracks illegal immigrants, individuals on parole, and others through a smart device