Undeniably, private prison and detention center operator CoreCivic (CXW) courts significant controversy. Like it or not, it comes with the territory of the underlying business. To be sure, people make choices in life and they must accept the consequences of poor ones. However, a raging debate exists about individual shareholders profiting from those regrettable decisions.
To be clear, I’m not going to dive into the politics of CXW stock; that’s really up to investors to decide for themselves. However, one of the reasons I was concerned about CoreCivic as a market idea centered on the unignorable controversy. Among the biggest concerns focus on the safety of both inmates and correctional officers when private prisons decide to cut corners to boost profits.
