Corrections Corp Of America And The GEO Group Inc Crash On Announcement Canaccord Genuity analysts Ryan Meliker and Michael Kodesch might have a message for the Gates Foundation: buy stock in for profit prisons on a drawdown. The Gates Foundation was the subject of 2014 protests for its involvement in investing in prison businesses whose ethical standards were coming under fire. Other large institutional investors have shed shares of the private prison providers. Today, after the US Department of Justice announced it was phasing out use of for profit prisons, the share prices fell dramatically — but they went too…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
