Corrections Corp Of America And The GEO Group Inc Crash On Announcement

Mark Melin

Published onAugust 18, 2016

Updated on May 14, 2021

Corrections Corp Of America And The GEO Group Inc Crash On Announcement

Canaccord Genuity analysts Ryan Meliker and Michael Kodesch might have a message for the Gates Foundation: buy stock in for profit prisons on a drawdown. The Gates Foundation was the subject of 2014 protests for its involvement in investing in prison businesses whose ethical standards were coming under fire. Other large institutional investors have shed shares of the private prison providers. Today, after the US Department of Justice announced it was phasing out use of for profit prisons, the share prices fell dramatically -- but they went too far say Meliker and Kodesch.

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Corrections Corp Of America And The GEO Group Inc Crash On Announcement

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