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Valued Social Butterfly
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Re: Private prison stocks up 100%

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@gruffstuff wrote:

http://money.cnn.com/2017/02/24/investing/private-prison-stocks-soar-trump/index.html

 

Private prison stocks up 100% since Trump's win

 

 

Thanks to President Donald Trump, America's private prisons appear to be entering a gold age.

 

 

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.

 

The reason private prisons are back in vogue is simple: Trump has made sweeping promises to crack down on crime and illegal immigration. Wall Street calculated quickly that Trump's rhetoric is likely to translate into more people behind bars. And that means more profits for private prisons.

 


Yep, look for more and more young pot smokers to be imprisoned, after all profits are favored above the actual welfare of our citizens.


"The only thing man learns from history is man learns nothing from history"
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Private prison stocks up 100%

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http://money.cnn.com/2017/02/24/investing/private-prison-stocks-soar-trump/index.html

 

Private prison stocks up 100% since Trump's win

 

 

Thanks to President Donald Trump, America's private prisons appear to be entering a gold age.

 

 

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.

 

The reason private prisons are back in vogue is simple: Trump has made sweeping promises to crack down on crime and illegal immigration. Wall Street calculated quickly that Trump's rhetoric is likely to translate into more people behind bars. And that means more profits for private prisons.

 

 

 

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