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Corrections Corp. Shows That Crime Does Pay

By Sham Gad

About this article:
Companies like Wal-Mart and Costco will likely survive and grow over the years. But my pick for today should enjoy years of prosperity -- the catalysts involved are in no way levered to the state of the economy. Our society is not perfect, and sometimes it's best for the population at large to isolate citizens who break the rules. That's why private prison operator Corrections Corporation of America finds itself in a very unique and favorable position to grow its business for years to come. CCA is the largest owner and operator of private prison systems in the country, owning about 46% of the private prison market. The next biggest players, The Geo Group and Cornell , have about 25% and 10% of the market, respectively. More and more states are realizing the benefits of outsourcing their prisons to private groups that can generally...

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