Wednesday, January 27, 2021 6:33:41 PM
The Buy Thesis
CoreCivic (CXW) is deeply undervalued to the extent that even if some of the perceived risk were to manifest, the cash flow outlook is materially better than the market price would indicate. Present annualized FFO is $2.08 per share as compared to a $6.70 market price, so just a few years of cash flow makes the entire market capitalization. I think the political risk is misunderstood in terms of both what can feasibly happen and what the impact would be on CXW.
I examine the scenario of what I view as the most harsh of likely potential policy and show that CXW's cash flows would still be worth substantially more than $6.70. As the political situation stabilizes the stock could rise quite significantly once the market sees the cash flows as stable.
Current cash flows and potential political impact.....
https://seekingalpha.com/article/4401136-corecivic-controversial-strong-cash-flows?mail_subject=cxw-corecivic-controversial-but-strong-cash-flows&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
Recent CXW News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/27/2024 07:51:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:30:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 04:13:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 10:49:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 11:03:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 05:30:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 04:21:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 08:22:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:52:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:50:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:47:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 02:37:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:34:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/13/2024 07:41:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/12/2024 09:30:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/12/2024 02:16:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/09/2024 06:46:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 04:24:15 PM
- CoreCivic Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:02:01 PM
- CoreCivic Announces 2024 Second Quarter Earnings Release and Conference Call Dates • GlobeNewswire Inc. • 07/01/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 08:30:53 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/12/2024 05:02:56 PM
- CoreCivic Receives Termination Notice From U.S. Immigration and Customs Enforcement At South Texas Family Residential Center • GlobeNewswire Inc. • 06/10/2024 11:12:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:51:55 PM
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