On earnings calls Thursday, private prison groups expressed a nearly unrestrained glee over what one called the “unprecedented opportunity” that a second Trump administration brings. While Democratic presidents have also massively expanded the immigration incarceration and deportation system in recent years, Trump is proposing his own generational escalation. That sort of thing is music to the ears of private prison operators ― whose stock prices soared upon the projections of Trump’s second term in the White House. (On Wednesday, GEO Group was “the single biggest winner in the U.S. stock market — among companies of any size,” according to the investment news site Sherwood News, which is owned by Robinhood.) GEO Group didn’t respond to questions about who “told” him that.

Source: Huffington Post November 08, 2024 06:52 UTC