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This Investor Presentation For A Private Prison Is One Of The Creepiest Presentations We've Ever Seen Read

This morning we came across a rather interesting piece of research.

It was from Barclays' analyst Manav Patnaik, and it was on the private prisons business.

Specifically, it was a "virtual tour" of the Metro Davidson County Detention Facility, which is managed by Corrections Corp of America (CXW) one of two companies that that has a "duopoly" on the private prisons business.

As he notes, tours of facilities are often useful for investors, but a prison tour is unusual, since investors aren't typically inclined to do wander into a prison.

So he did it for them and described the experience.

When he entered, it was greeted by the prison's VP of operations, Steve Conry, who was a 23 year veteran oof Rigers Island. Panaik then points out that there are 173 sets of "eyes" (cameras) on the prison at all time.

While in the prison he saw that prisoners got drug and alcohol abuse prevention training, a dog training program, a new LEED certified wing for women, GED programs, and a faith-based program. Maybe it's not so horrible!

Read on...


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