Jailhouse stocks
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Created by arnabdgp
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Date updated:05-20-2007

The prison business is booming.Thanks in large part to tougher mandatory sentences,the federal prison system has 33 percent more inmates than it was designed to house.The Department of Homeland Security's Boder Initiative has further burdened the system-99 percent of illegal aliens apprehended were detained last year compared to 34 percent in 2005.The vast majority of prisons are still owned and operated by the federal govt, leaving lots of room for growth among the private operators.There is another bright side to this somewhat dark industry, its defensive nature:When times are bad more people go to jail.

symbol name last price % change open
  • +
  • CXW
    Corr Cp Of Am (ne
  • $25.18
  • +1.78%
  • $24.67

The biggest of the bunch with 50% market share and expected earnings growth of some 17 percent a year over the next 5 years.The company recently amdended a contract with California to house an additional 4,700 inmates,with more expected to come from the state's desperately overcrowded system.

People owning CXW also tend to own: AGOATIBMRBTUCENXCOCOCRI

TheStreet.com Rating: B What is this?

  • +
  • GEO
    Geo Group Inc (th
  • $20.25
  • +0.05%
  • $20.33

Geo Group with 30 percent market share is also enjoying new contract wins. Analysts in average expect earnings growth of more than 16 percent a year for the next 5 years.

People owning GEO also tend to own: ABAXANFBLKBBLUDGVAHCSGIIVI

TheStreet.com Rating: B What is this?

  • +
  • CRN
    Cornell Companies
  • $21.89
  • -0.50%
  • $21.95

With just 8 percent of the market,Cornell is the smallest player.But the company is expanding its Folkston,GA,prison in response to demand from the U.S. Marshals Service.Its long-term earnings growth rate is projected at 10% a year for the next 5 years.

People owning CRN also tend to own: DVRFIATYHOOMALLTSYSCXW

TheStreet.com Rating: B What is this?

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