Donald Trump’s victory has boosted shares in private-prison companies
A hard line means hard cash
AS the dust settled on Donald Trump’s election victory, what businesses did investors think would benefit most from his return to the presidency? Tesla? Big oil? Rustbelt manufacturers? No: two firms that lock people up. Shares in GEO Group and Core Civic, which own and run prisons, soared by two-thirds in the three days after the election, beating the rest of America’s 1,500 most valuable firms.
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This article appeared in the Business section of the print edition under the headline “Hard line, hard cash”
Business November 23rd 2024
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From the November 23rd 2024 edition
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