Hedge funds recently released their latest 13F filings, and one of the most headlined transactions was that of Michael Burry doubling down on his GEO Group (NYSE: GEO) position. He also added five other stocks to Scion Asset Management's portfolio, but GEO is by far the largest holding, occupying just under 38% of the fund's public-equity holdings. Up until the prior quarter, GEO was actually the fund's sole equity holding. Thus, considering how selective Mr. Burry is with his stock picking, this has made me and other investors wonder if the upside Mr. Burry sees is indeed as big as his conviction of the stock appears to be.
https://www.tipranks.com/news/article/michael-burry-doubling-down-on-geo-stock-nysegeo-why-it-matters?utm_source=advfn.com&utm_medium=referral