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Corecivic (CXW) and GEO Group (GEO) - NYSE

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by SensibleInvesting, Dec 21, 2019.

  1. SensibleInvesting

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    I'm long two deep value REITs paying 11 - 13% forward dividends, with a high probability of a re-rate after the 2020 US election - target upside is dividends + 50 - 60% re-rate.

    In this 2-part series, we deep dive into Corecivic and GEO Group - long government contracts with federal and state entities, 40+ years in the business, Moody's credit rating of B+, and increasing AFFO + dividends.

     
    Marvan likes this.
  2. Marvan

    Marvan Active Member

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    I have both in port for at least some time, i am a patient investor.

    For me, these stocks will never be core investments.
     
  3. Marvan

    Marvan Active Member

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    CoreCivic Reports Fourth Quarter and Full Year 2019 Financial Results

    Highlights of Full Year 2019

    • Total revenue of $1.98 billion, an increase of 8%
      • CoreCivic Safety revenue of $1.78 billion, an increase of 6%
      • CoreCivic Community revenue of $123.3 million, an increase of 21%
      • CoreCivic Properties revenue of $77.3 million, an increase of 34%
    • Net income of $188.9 million, an increase of 19%
    • Adjusted net income of $204.8 million, an increase of 19%
    • Diluted EPS of $1.59, an increase of 19%
    • Adjusted diluted EPS of $1.72, an increase of 19%
    • Normalized FFO per diluted share of $2.62, an increase of 13%
    • Adjusted EBITDA of $443.9 million, an increase of 12%
    https://finance.yahoo.com/news/corecivic-reports-fourth-quarter-full-211510509.html
     

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