Bill Ackman Says Buy Corrections Corporation of America (CXW)

By Benzinga Staff
October 20, 2009 3:28 PM

Symbols: CXW

Tags: Bill Ackman, Pershing Square, Value Investing Congress

Posted in: Long Ideas, Hedge Funds, Topics, Trading Ideas

At the Value Investing Congress today, Pershing Square's Bill Ackman said investors should take a serious look at Corrections Corporation of America (NYSE: CXW).

Bill Ackman says Corrections Corp of America is cheap and CXW is taking meaningful market share from competitors.

Ackman paid more than $25.50 a share for his investment in CXW.

Corrections Corporation of America is currently trading up 2.50% to $25.12.

Corrections Corporation of America is an operator of prisons.

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Bill Ackman Says Buy Corrections Corporation of America (CXW)

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