Prisons as Investment Opportunities

By Virginia Prescott on Tuesday, November 17, 2009.

Here's an investment opportunity in a big growth industry: the prison business. Yes, there are rape scandals, murders, and riots, but many investors know a “buy” when they see it. Bryant Urstadt is a contributor to Harper's Magazine. He took a close look at a very positive securities analyst's report for Geo Group, one of the two largest private prison companies in the US. Urstadt analyzed the document for the magazine's December issue, and joins us with his read of what's hidden between the lines of the report's optimistic investment advice.

Austin Chronicle: The Privatized Government

(Photo courtesy Still Burning via Flickr/CreativeCommons)

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