This article deals with a sensitive subject - prisons, more precisely, US prisons. Regardless of which side of the argument one takes, sadly, society still needs prisons, and probably always will. If you're OK with the idea of investing in them, please read on...
CoreCivic (CXW) is the nation's largest owner of partnership correctional, detention and residential reentry facilities. As of 12/31/19, through its CoreCivic Safety segment, CXW operated 50 correctional and detention facilities, 43 of which it owned, with a total design capacity of approximately 73,000 beds. Its CoreCivic Community segment owns and operates 29 residential reentry centers with a total design capacity of approximately 5,000 beds. Its CoreCivic Properties segment owns 28 properties for lease to third parties and used by government agencies, totaling 2.4 million square feet. (from CXW site)
Source: Seeking Alpha
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17% Dividend Yield, Selling Below Book Value
Posted by D4L | Wednesday, June 03, 2020 | ArticleLinks | 0 comments »________________________________________________________________
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