CoreCivic - Operator of Private Correctional Facilities Benefits from U.S. Immigration Policy

CoreCivic benefits from the restrictive immigration policy of the USA and high demand for private detention capacity. The transition to an asset-light strategy drives debt reduction and a raised share buyback program amounting to 1.2 billion USD. Business with U.S. federal agencies grew by over 27% in the last quarter. With a raised earnings forecast, the stock marks a multi-year high. CoreCivic (CXW) is considered the largest private operator of prisons as well as correctional and immigration centers in the United States. The business...