Michael Burry's Scion Asset Management sold all but one of its holdings in the second quarter, according to the firm's 13F SEC filing. GEO Group Inc (GEO) is the only holding left in the portfolio.
Considering Burry's track record, I thought it might be worth taking a closer look at this stock to see if we can understand why this successful investor has decided to stick with it while selling everything else.
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The one stock portfolio
According to its own website, GEO is "committed to providing leading, evidence-based rehabilitation programs to individuals while in custody and post-release into the community."
To put it another way, the corporation invests and manages private prisons, mental health...
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