CXW CoreCivic Inc

$CXW and $GEO are both drastically changing their balance sheets with the sale of facilities. Not only is the cash influx great, but they have minimized risk by exiting hostile geographic locations like californistan. There is opportunity here still. Debt reductions and stock buybacks only improve the quality of these two stocks. Prison management contracts aren't over, there will be more. States like to have contractors to blame when something goes wrong, and they can avoid excessively high union and state wages through contracting. Contractors are held to higher standards than state run facilities. The other possibility is that there is a third large contractor in the industry that could be bought out by either cxw or geo. A decrease in stock price here is a gift.

$CXW Gov. Newsome has announced he wants to tax private detention facilities at 25%. It seems cxw getting rid of two facilities in the state was fortuitous. California loves to cater to it's public employee unions, in this case the guard unions, at the expense of it's taxpayers.

CoreCivic announced an immediate change in executive leadership, naming Lucibeth N. Mayberry as president and CEO. Mayberry, who previously served as executive vice president and chief strategy officer, replaces Patrick D. Swindle, who resigned as CEO and from the board to undergo treatment for stage-four metastatic pancreatic cancer. Swindle, who had served as CEO since Jan. 1, 2026, will remain with CoreCivic as a special adviser during the transition. Chairman Mark Emkes credited Swindle with strengthening the company’s balance sheet and said Mayberry has the operational experience and board support to lead CoreCivic’s next phase. Mayberry has spent more than two decades at CoreCivic, holding senior roles overseeing real estate, strategy and corporate development. She said she remains committed to the company’s capital-allocation strategy and operational priorities. $CXW