Full transcript
0:00It is traumatic to a community when
0:04disproportionately there is an absence
0:07of men
0:08in the community because so many of them
0:10are serving such long sentences.
0:14You know, and having a parent that's in
0:15prison, you don't have your mom
0:17supporting you through through life or
0:19you don't have your dad encouraging you
0:21in ways that are necessary to develop.
0:24They're also wearing the burdens of
0:26their parents' crime.
0:29They didn't commit the crime.
0:31My mother was incarcerated when I was
0:33younger. I was a baby and I went into
0:36foster care.
0:37I was in my mom's belly when he went to
0:39jail. When my dad gets out, I'll be 15.
0:42My daddy's so far.
0:44They gave my dad 20 years and that's a
0:46long time.
0:48A growing number of American prisons are
0:51now contracted out as for-profit
0:53businesses to for-profit companies.
0:56The companies are paid by the state and
0:58their profit depends on spending as
1:00little as possible on the prisoners and
1:02the prisons.
1:04The reason why we like the private
1:05prison industry from a stock investment
1:07perspective, we think that there's
1:09substantial opportunity for growth. In
1:112004, there was about 6% market share.
1:142014, 8.3%. Over the past 10 years, they
1:17gained about 35%.
1:22It's an interesting and compelling
1:23investment opportunity for a lot of
1:24investors today.