$CXW & $GEO - $1.1B warehouse plan failed. Plan B is buying private prisons. Benchmark PT $36 upgrade
$CXW$GEO
AI SUMMARY — CoreCivic ($CXW) and GEO Group ($GEO) abandoned their $1.1B warehouse expansion plan and are pivoting to acquire private prisons as an alternative growth strategy, with Benchmark upgrading price target to $36. Key risks include regulatory changes to private prison policies, criminal justice reform legislation, and potential policy shifts that could reduce incarceration rates.
| TICKER | CXW |
USER | u/rantingpsycho |
| RATING |
BULLISH |
ENTRY |
$30.28
|
| POSITION |
165 sh
SYN
|
BOOK VAL |
$4996.20 |
| CURRENT |
$30.57 |
P&L % |
+0.97%
|
| CURR VAL |
$5044.88 |
P&L $ |
+48.68
|
| TICKER | GEO |
USER | u/rantingpsycho |
| RATING |
BULLISH |
ENTRY |
$29.69
|
| POSITION |
170 sh
SYN
|
BOOK VAL |
$5047.30 |
| CURRENT |
$29.83 |
P&L % |
+0.47%
|
| CURR VAL |
$5071.10 |
P&L $ |
+23.80
|