Co-produced with Beyond Saving
CoreCivic, Inc (CXW), rocked the market with their announcement that they were suspending the common dividend and "evaluating" their corporate structure and capital allocation. Naturally, the market fixated on "suspending the common dividend" and everything that came after was ignored.
While not quite reaching the lows from the COVID-19 sell off, CXW did give up most of the gains they have made over the past three months.
We want to look beyond the headline and see what CXW is actually doing.
Performance
The first thing to