Private prisons are archaic and cruel. California needs to stop using them [Los Angeles Times (CA)]
CoreCivic, Inc. (CXW)
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Source: Los Angeles Times
Private prisons are archaic and cruel. California needs to stop using them As we contemplate ways to address the disproportionate number of people imprisoned in America, one potential impediment to change is the large corporations that profit from incarceration. Between 2000 and 2016, the number of people housed in private prisons in the United States increased by 47% compared with an overall rise in the prison population of 9%, according to an analysis from the Sentencing Project. Before the genesis of the war on drugs in the 1980s, America rarely used private prisons. But after the implementation of draconian mandatory sentences during the Reagan administration, incarceration rates jumped, and private corporations rushed in to fill the need for more prison cells in a hurry. Corporate executives and shareholders should not profit from putting people in cages. The system that has developed is completely counter to our values, particularly in a state as progressive as California. We sh
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- The total return for CoreCivic (NYSE:CXW) investors has risen faster than earnings growth over the last three years [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) had its price target raised by analysts at Wedbush from $18.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- CoreCivic, Inc. (NYSE:CXW) is a favorite amongst institutional investors who own 87% [Yahoo! Finance]Yahoo! Finance
CXW
Earnings
- 2/7/24 - Beat
CXW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- CXW's page on the SEC website