‘Big Short’ Michael Burry Suggests He Bet on a Company’s Downfall

Michael Burry is a savvy 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 to see these share prices go up. This was again the case recently with the stock of the Geo Group (GEO) – Get Free Report.

He bought, through his firm Scion Asset Management, 501,360 shares worth $3.31 million, of the company which invests in private prisons and mental health sites, as of June 30, according to regulatory filings.

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