◆ Contrarian Corpus
Campaigns / Pershing Square → Corrections Corporation of America
Pershing Square vs. Corrections Corporation of America

Corrections Corporation of America · CXW

1 deck published between 2009-10-20 and 2009-10-20 — 40 pages, 40 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2009-10-20 initial thesis

    2009 10 Pershing Square Corrections Corp Presentation Oct 2009

    40pp · conference_presentation

    CXW is a misunderstood real estate business — 90% of EBITDA is owned prisons leased to governments; rerating to healthcare-REIT cap rates unlocks $40-$54 vs. $24.50.