CNN: Private prison stocks up 100% since Trump’s win

Jul 5, 2018 | 1 comment

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.

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1 Comment

  1. Gerald on July 5, 2018 at 3:16 pm

    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.

    Reply

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