Commentary - 03/03/2008

Crime Pays - For Some

Here's the latest headlines for Americans in prison:
New High In U.S. Prison Numbers - Washington Post
U.S. incarcerates more than any other nation - Reuters
Record-High Ratio of Americans in Prison - AP
Make Crime Pay For You! - SeekingAlpha

Here's a look at some news, the charts and major institutional holders of 3 major private prison corporations.


Cornell Companies, Inc. Present "The Future of Prison Services and Privatization" Conference
Pirate Capital invests in private prisons?
AIG Makes Sure It Has Friends Everywhere.
Update: April 19, 2010: GEO to Buy Cornell Companies for $685 Million.

Symbol Name Of Corporation
GEO

Major
Holders
Cornell Companies Inc. (As of 31-Dec-2007)
Top 10 Institutional HoldersShares2007Value2006
Dimensional Fund Advisors Inc1,228,5408.41%$28,649,552-.--%
Tygh Capital Management, Inc.704,0224.82%$16,417,793-.--%
Principal Financial Group, Inc.614,7394.21%$14,335,713-.--%
American International Group, Inc613,0254.19%$14,295,743-.--%
Bank Of America Corporation500,5903.42%$11,673,758-.--%
Sterling Johnston Capital Management, Inc.471,5003.23%$10,995,380-.--%
Neuberger Berman, LLC458,8553.14%$10,700,498-.--%
Barclays Global Investors UK Holdings Ltd419,4292.87%$9,781,084-.--%
Renaissance Technologies Corp331,9002.27%$7,739,908-.--%
JP Morgan Chase & Company321,5872.20%$7,499,408-.--%
% of Shares Held by All Insider and 5% Owners:33%-.--%
Top 10 [14%] of 70 Institutional Holders Control38.76%-.--%
Percentage of Barclays and "Associates" Control20.03%-.--%

Corrections Corp. CEO Exercises Options
Much more here! Almost obscene.
Just a few honest lawmakers left.
NOTE: Remember, your state taxes pays these folks fees! $27,500/yr and up per person.
Corrections Corp. to Build Tenn. Prison
Corrections Corp. Spends $2.5M to Lobby
NOTE: These people are close to Sen. Bill Frist (Hospital Corporation of America) and V.P. Dick Cheney. Friends in high places.


Symbol Name Of Corporation
CXW

Major
Holders
Corrections Corp. of America (As of 31-Dec-2007)
Top 10 Institutional HoldersShares2007Value2006
FMR LLC (Fidelity)6,936,2405.59%$204,688,442-.--%
RS Investment Management Co., LLC *6,160,4084.96%$181,793,640-.--%
Wesley Capital Management, LLC4,613,1913.72%$136,135,266-.--%
Friess Associates Inc4,053,0003.26%$119,604,030-.--%
Vanguard Group, Inc. (The)3,764,2373.03%$111,082,633-.--%
Ameriprise Financial, Inc.3,735,3763.01%$110,230,945-.--%
Jana Partners LLC3,534,1952.85%$104,294,094-.--%
Capital Research And Management Company3,250,0002.62%$85,052,500-.--%
Barclays Global Investors UK Holdings Ltd2,806,8602.26%$82,830,438-.--%
Munder Capital Management, Inc.2,799,7832.26%$82,621,596-.--%
% of Shares Held by All Insider and 5% Owners:9%-.--%
Top 10 [4.2%] of 235 Institutional Holders Control33.56%-.--%
Percentage of Barclays and "Associates" Control5.27%-.--%
NOTE: RS Investment manages two funds that control 5.80%.
Capital Group manages two funds that control 3.18%.
FMR (Fidelity) manages two funds that control 2.14%.
Therefore, the Top 10 control 44.68% of Corrections Corp. of America.

GEO Group Begins Intake of Detainees at Detention Facility in Clayton County, Georgia
Almost a million per month. Better than printing money!
Used to be Wackenhut Corrections Corporation. Is GEO a better name?
Update: April 19, 2010: GEO to Buy Cornell Companies for $685 Million.


Symbol Name Of Corporation
GEO

Major
Holders
Geo Group Inc. (As of 31-Dec-2007)
Top 10 Institutional HoldersShares2007Value2006
FMR LLC4,528,3988.89%$126,795,144-.--%
Alger (Fred) Management Inc3,717,1807.30%$104,081,040-.--%
Wells Fargo & Company3,674,1417.21%$102,875,948-.--%
Friess Associates Inc2,584,8505.07%$72,375,800-.--%
Westfield Capital Management Company2,063,0504.05%$57,765,400-.--%
Barclays Global Investors UK Holdings Ltd1,733,1963.40%$48,529,488-.--%
Schroder Investment Management Group1,522,8002.99%$42,638,400-.--%
Rainier Investment Management1,437,9002.82%$40,261,200-.--%
Artisan Partners Limited Partnership1,423,8002.79%$39,866,400-.--%
Vanguard Group, Inc. (The)1,370,9152.69%$38,385,620-.--%
% of Shares Held by All Insider and 5% Owners:0%-.--%
Top 10 [5.9%] of 168 Institutional Holders Control47.21%-.--%
Percentage of Barclays and "Associates" Control10.61%-.--%
NOTE: FMR (Fidelity) manages a fund that controls 5.43%.
Wells-Fargo manages a fund that controls 4.92%.
Rainier Investment manages a fund that controls 2.18%.
Vanguard manages a fund that controls 1.45%.
Therefore, the TOP 10 controls 61.19% and
Barclays/Associates control 15.53% of the GEO Group.

2008 by Edward Ulysses Cate
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