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Private Prison Stocks Rise in Anticipation of Republicans Taking Power

News Link  •  Police State

Private Prison Stocks Rise in Anticipation of Republicans Taking Power


11-03-2010  •  CNBC.com 
 
Privatized prison stocks have seen a modest gain in the past three months, so is there room to run from here? T.C. Robillard, analyst at Signal Hill, discussed his insights. “You’ve seen prison populations pretty consistently over the last three decades move up a couple percent a year…and from a business model perspective, it’s clearly good news,” Robillard told CNBC. Robillard has a “buy” rating on The Geo Group [GEO 25.84 -0.29 (-1.11%) ] and a “hold” rating on Corrections Corporation of America [CXW 26.55 -0.16 (-0.6%) ]. “What you see in a recession is that states end up overcrowding their own prisons in an effort to save money,” he explained. “And as budgets start to flatten out and improve, the first things you’re going to see them turn to is the private sector to help alleviate some of that overcrowding, because the states [still] will not have the funding necessary to build new prison beds.”  
 Read Full Story
Reported by Jack Gregson
Agorist Marketplace
• •
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Comments in Response

Comment by: Powell Gammill (#013871)
   Entered on: 2010-11-03 10:24:02

We need this Fountain Hills garbage nationalization to pass so known garbage scofflaws can spend some months in these prisons contributing their labor to the state to pay off these prison industrial complex stock holders.  Slavery is your patriotic duty: Toss your recyclable trash into the regular trash pickup barrels today!
• •
Tags: “you’ve, prison, populations, pretty, consistently, decades, couple, percent, year…and, business, perspective, clearly, robillard
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