CoreCivic (CXW) stock tanked ~17% postmarket on Wednesday after the prison operator posted weak Q1 results and reduced its 2022 guidance.Q1 FFO/share was $0.34, impacted by the sale of.
Since our founding, CoreCivic has been committed to professionalism and to upholding the rights of our employees and those in our care. This commitment is central to the values that guide our. | April 1, 2022
Though private prison steps in first as a solution to improve prison capacity, its purpose is not sole. While a public prison’s end goal is to house incarcerated individuals in an attempt to rehabilitate them, a private prison’s end goal, on the other hand, is to profit by all means, which has altered the nature of the criminal justice system. For years, private prisons in the US have been notorious for violence and atrocious conditions. Yet the number of inmates in private correctional facilities keeps outpacing federal prisons at an alarming rate.