Private Prison Stocks soar

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.

ksazma posted:
Baseman posted:
ksazma posted:

They’re more to house all of Trump’s crooked associates.

Nah, dem bais going to 5-star country club prison.  

I heard that Manafort is spending all day and night killing cockroaches. 

Had Trump lost the election and not in the position of President, would Manafort be sleeping in his nice comfy bed in his own home?

Or how about others who's lives are now in turmoil after being shown the door by a President who stood in front of the American people and told them that he "brought on board the best people..better than the best" would they have been better off had Trump not been in their lives?í

Never have we witnessed a Whithouse in such disarry, being led by a pathetic being bullied 

ksazma posted:
Baseman posted:
ksazma posted:

They’re more to house all of Trump’s crooked associates.

Nah, dem bais going to 5-star country club prison.  

I heard that Manafort is spending all day and night killing cockroaches. 

Had Trump lost the election and not in the position of President, would Manafort be sleeping in his nice comfy bed in his own home?

Or how about others who's lives are now in turmoil after being shown the door by a President who stood in front of the American people and told them that he "brought on board the best people..better than the best" would they have been better off had Trump not been in their lives?í

Never have we witnessed a Whithouse in such disarray, being led by a pathetic lying bully. 

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