Why Bill Ackman Is Bullish On America's Largest Private Prison Company

Bill Ackman is frequently known for the companies he attacks, but here’s one he likes: Corrections Corp of America (CXW). It’s the largest manager of private prisons in the country, and jailing convicts is a growth business.

MarketFolly got a copy of the presentation he recently gave at the Value Investing Conference.

See why he LOVES this industry >>
Bill Ackman’s Presentation on Corrections Corp of America (CXW) @ the Value Investing Congress

The inmate population grows steadily

And they're expected to keep growing in the future

And after recessions is when inmate populations soar

Meanwhile, private prisons are still a small part of the market.

But they save states money

And the escape rate is lower

And the death rate is lower

Corrections Corp has a good footprint in 19 states

Finally, they're the market leader.

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