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  "documentTitle": "Corrections Corporation of America (CXW)",
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  "authorName": "William Ackman",
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  "presentationDate": "2009-10-20 00:00:00",
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  "notes": "Includes a CEO quote from Damon Hininger regarding capacity constraints.",
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      "kind": "callout",
      "text": "State prison populations are projected to increase by more than 90,000 over the next three years. If CXW can capture ~13% of this demand, it could achieve 100% occupancy",
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      "text": "prison population: 162,725",
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      "text": "Of the 19 state customers that CCA does business with, we are currently estimating that those states will have an incremental growth that will be twice as much as their funded plan capacity by 2013. - Damon Hininger, CEO, Q1 Earnings Call",
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      "text": "Of the 19 state customers that CCA does business with, we are currently estimating that those states will have an incremental growth that will be twice as much as their funded plan capacity by 2013. — Damon Hininger, CEO, Q1 Earnings Call",
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      "text": "(1) 2007 Pew Charitable Trusts report - \"Public Safety, Public Spending - Forecasting America's Prison Population 2007 -2011\"",
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      "text": "50 States Projected Prison Population, Year over Year Growth Rate, Incremental Population Increase table",
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      "text": "State Demand Drives Growth",
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