Thesis
Everyone hates private prisons. Even law-abiding citizens. Somehow people just think that it is immoral to make a profit from incarcerating other people. It's a distasteful business.
Unless you're an investor.
Indeed, legendary investor Peter Lynch always said that investing in distasteful businesses was one of the strategies that led to his market-beating returns.
Prisons are a great business because they are like gasoline. They will always be in demand, so they will always have customers. That's unfortunate from a societal standpoint, but from an investor standpoint, it makes for great opportunity.
The GEO