Author Topic: Trump, Republican sweep is a 'game changer' for private prison industry  (Read 422 times)

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Offline Machiavelli

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Robert Ferris
CNBC
November 23, 2016

Quote
The Donald Trump-led Republican sweep is nothing short of a game changer for the beleaguered private prison contractor industry.

Prison contractors GEO Group and CoreCivic (formerly known as Corrections Corporation of America) struggled throughout 2016 as federal agencies began showing signs of ending the private management of public correction and detention facilities.

CoreCivic shares are up 57 percent since the election, and GEO shares are up almost 35 percent.
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