When Corrections Corporation of America (CXW) hit my desk a few weeks ago, the first thing I said was, "you gotta be kidding me."
I honestly had no idea such a thing was even real. But it's real, and as you'll see in minute, it's spectacular.
Once I got over my initial bemusement and befuddlement, I started thinking it through. As somebody who's spent more of his life than he probably should have studying economics, I love businesses in markets where there are few suppliers. Even if you've never picked up a textbook, you probably already know that monopolies (and oligopolies) are pretty awesome businesses. There's a reason why they're illegal.
But you know what...