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  "documentTitle": "Corrections Corporation of America (CXW)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2009-10-20 00:00:00",
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  "notes": "Includes a callout box emphasizing the strategic importance of bed capacity.",
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      "kind": "callout",
      "text": "He who has the beds gets the prisoners",
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      "text": "CXW is the clear leader in privatized prisons, controlling approximately 46% of the private prison and jail beds in the U.S.",
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      "text": "market share: 46%",
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      "text": "Source: CXW investor presentation, Aug. 2009. Source: Company filings and Pershing Square estimates.",
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      "text": "Spare Capacity table showing ~12,000, ~7,000, ~2,000, NA, NA.",
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      "text": "Market Leader",
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