‘Big Short’ Michael Burry suggests he’s betting on a company’s demise

Michael Burry is a smart investor.

He is one of the legends of Wall Street, which makes him one of those financiers whose every word is followed closely by millions of investors.

Investors watch his strategies and the business choices he makes. When he acquires shares of a company, it is common for these share prices to go up. This was the case again recently with Geo Group stock (GEO) – Get a free report.

He bought, through his company Scion Asset Management, 501,360 shares worth $3.31 million of the company that invests in private prisons and psychiatric facilities, as of June 30, according to regulatory filings.

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