A Few Insider Buys in some Beleaguered Stocks Week Ending May 9th 2020
Private prison operator GEO Geo Group CEO Anthony Quinn continues to buy stock in this out of favor REIT play yielding an astounding 16.7% on Friday’s close. In the most recent 10Q the Company stated that Covid-19 pandemic adds a material concern to the financials. I think the stock reflects that with its yield. On March 24th they were rewarded with a five year 90-100,000 participant contract with U.S. immigration services. This $2.8 million purchase at $11.31 is the latest in large buys. He bought $1.2 Million on 3/12 at $11.65 and $8.5 million at $16.58 on 2-24-20. The stock … Read more