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  "documentTitle": "Corrections Corporation of America (CXW)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-10-20 00:00:00",
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  "notes": "The slide highlights the impact of a $125M share buyback program on share count reduction.",
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      "kind": "callout",
      "text": "CXW's repurchase of 10.7 million shares in Q4 '08 – Q2 '09 (~8.5% of total shares) provides a tailwind for NTM free cash flow per share growth",
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      "text": "CXW’s repurchase of 10.7 million shares in Q4 ’08 – Q2 ’09 (~8.5% of total shares) provides a tailwind for NTM free cash flow per share growth",
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      "text": "free cash flow per share growth: 10.7 million",
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      "text": "Recent Share Repurchases table showing timeframe, shares, amount, and per share price.",
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      "kind": "title",
      "text": "Near-Term Catalysts: Stock Buyback",
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