Locking Up Profits in Private Prisons

Source:  By Rich Duprey, Motley Fool, August 25, 2009

..... Crime remains a growth industry, but the correction industry has enjoyed some phenomenal growth, too, which ought to seize investors' enthusiasm. CCA shares have almost doubled over the past six months, while Geo is up 44% and Cornell 43%..... A difficult recession; budgetary constraints by local, state, and federal authorities; no end to the supply of "guests;" and cost savings offered by the for-profit proprietors all point to the possibility that investors could lock up good, long-term returns with these companies.