Summary: Nashville based prison operator Corrections Corp (CXW) is up 45% since January 1st as the stock has begun to attract growth investors. According to AIM Capital Development Fund manager Paul J. Rasplicka "It's as if they run high-occupancy hotels where people can check in but they can't check out. State and federal governments' need exceeds available beds, and the company has them." With federal prisons operating at 130% capacity and a projected increase in demand from the Department of Homeland Security's Immigration and Customs Enforcement [ICE], CXW is at the heart of growth business. Full WSJ article >
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