The stocks of the two biggest private prison operators — CoreCivic (formerly know as Corrections Corp. of America) and Geo Group — have doubled since election day. CoreCivic (CXW) is up 140% since Trump won in November; Geo Group (GEO) has risen 98%.
For all the talk about how good Trump has been for big banks like Goldman Sachs, he’s been even better for private prison investors.
With the U.S. embarrassingly leading the world in incarceration rates, prisons are a real money making opportunity for private companies. http://news.bbc.co.uk/2/shared/spl/hi/uk/06/prisons/html/nn2page1.stm
I’m sure they do a great deal of political donating and propaganda spreading to make sure our prison populations continue to grow, no matter what it costs the misinformed taxpayers.