CoreCivic: Maintaining Strong Buy For This Highly Volatile Prison REIT [Seeking Alpha]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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US:NYSE Investor Relations:
ir.corecivic.com/investor-relations
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Source: Seeking Alpha
CoreCivic: Maintaining Strong Buy For This Highly Volatile Prison REIT Summary I recognize that prisons are controversial because the concept (of investing in prisons) is based on the motives of making money from incarceration. Recent political developments have prompted certain banks to stop lending to prison REITs. The “Black SWAN” event for CoreCivic or GEO occurs if Trump is not reelected in 2020 and the budget is impacted related to ICE contracts. Politics “rule the day” for this pick, and there will likely be continued volatility until there’s more clarity over the next election cycle. As a REIT analyst, one of the property sectors that I cover are prisons. For some investors, I recognize that prisons are controversial because the concept (of investing in prisons) is based on the motives of making money from incarceration. However, from a need perspective, prisons are considered critical infrastructure important to society Recent political developments have prompted certain bank
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CXW
News
- CoreCivic, Geo Group Rally By Double Digits Since Election Day: Why Trump Boosts Private Prison Stocks [Yahoo! Finance]Yahoo! Finance
- Business Insider analyzed a sample of nearly [Business Insider]Business Insider
- CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating OfficerGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $30.00 price target on the stock, up previously from $19.00.MarketBeat
CXW
Earnings
- 11/6/24 - Miss
CXW
Sec Filings
- 12/26/24 - Form 144
- 12/20/24 - Form 8-K/A
- 12/16/24 - Form 8-K
- CXW's page on the SEC website