05.03.07
CCA Announces Profits Are Up - Imprisoning Children Pays, And Pays Well
Here’s the Press Release, and a few excerpts:
Corrections Corporation of America (NYSE: CXW) (the “Company” or “CCA”), the nation’s largest provider of corrections management services to government agencies, announced today its financial results for the three-month period ended March 31, 2007.
[…]
For the three months ended March 31, 2007, CCA reported net income of $32.6 million, or $0.52 per diluted share, compared with $21.3 million, or $0.35 per diluted share, for the same period in the prior year.
[…]
Federal revenues were favorably impacted by new contracts from the U.S. Immigration and Customs Enforcement (”ICE”) at our T. Don Hutto Residential Center, our Stewart Detention Center and our Eloy Detention Center.
Hooray!! Corporations profiting form taxpayer money to imprison children.