Written by Summary CoreCivic, Inc. is a $1.3-billion market cap top-notch company in the government real estate and corrections fields, providing management of prisons, jails, and immigration detention centers. The catalyst in the form of the termination of Title 42 combined with the depressed valuation multiples, provides a comfortable margin of safety for medium-term investors. According to management’s plans, the ratio of net debt to EBITDA should be 2.25x to 2.75x, which is significantly lower than current levels. I expect a continuation of the bounce we saw on 02/09/2023. Looking for a portfolio of ideas like this one? Members of Beyond the Wall Investing get exclusive access to our subscriber-only portfolios. Learn More » Rawf8/iStock via Getty Images Intro & Thesis CoreCivic, Inc. (NYSE: CXW ) is a $1.3-billion market cap company in the government real estate and corrections fields, providing services like the design, construction, and management of prisons, jails, and immigration detention centers. I think the company is quite attractive at its current stock price level. The catalyst in the form of the termination of Title 42 combined with the depressed valuation multiples, provides a comfortable margin of safety for medium-term investors, in my view. The Catalyst […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
