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Prison Company Stocks UpDaaaihLoong writes: "The New York Post published the following article on October 4: PRISON COS. GET HOT October 4, 2001 -- America's new wall of homeland security is creating Stocks of private companies that build and operate prisons for "Unfortunately, these are becoming good investments," said James One company, Wackenhut Corp., may be able to put its expertise to work "Wackenhut has had some success running the immigrant camps in "It could be done here, too, but turning our old military bases into He said the half-dozen publicly traded prison companies are in a buzz The Bureau has just let out requests for bids for two prisons to hold "It's going to be the biggest award made this year by the Bureau, and He said the Bureau is also seeking bids early next year for three more Governments pay private prisons about $31,000 a year to handle each Private prison investors are also jubilant about an expected U.S. "The Bureau is expanding rapidly to free up extra space in its system," In line to get a big piece of that business is the nation's largest The company was on the brink of bankruptcy just months ago, but a new "There's clearly a better outlook for the company than it had a few The company runs about 65 prisons around the U.S. and Puerto Rico and Analysts say many security companies got a huge and immediate profits "They got immediate returns, but it's going to take a while for any new Also helping the profits outlook for private prisons is an expected "Crime always goes up in a bad economy," said MacDonald. "Where's there Federal prisons are the fastest growing in the U.S., rising as much as |
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