PEOPLE FOR PROFIT WOULD YOU INVEST stock symbol of CXW

The reason why any person would purchase a stock is to make a profit right? In America huge profits are made daily by placing people in jail.

The jails in America are own privately but are funded by the government. They are given a pre-diem rate according to how many people are in jail. The more people in jail the more money that is made. Corrections Corporation of America stock symbol CXW is a real estate investment trust (REIT). The Company is the owner and operator of privatized correctional and detention facilities and prison operators in the United States. As of September 30, 2014, CCA owned or controlled 52 correctional and detention facilities, and managed an additional 12 facilities owned by its government partners, with a total design capacity of approximately 84,500 beds in 19 states and the District of Columbia.

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The stock also is held by and lawyers, politicians and judges so it doesn’t seem like it will run out “revenue” anytime soon. The stock also pays a 5% dividend and I think it is a great long term investment.

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