Private prison stocks soared Wednesday and Thursday as the companies eyed a potential bonanza from President-elect Donald Trump’s pledge to carry out the largest mass detention and deportation of immigrants in US history.
“We expect the incoming Trump administration to take a much more aggressive approach regarding border security as well as interior enforcement, and to request additional funding from Congress to achieve these goals,” George Zoley, the founder and executive chairman of GEO Group Inc., said on an earnings call Thursday.
