Private prison operator’s sales “could explode” if Donald Trump elected president

Donald Trump on Super Tuesday. (Allen Eyestone/The Palm Beach Post)

Donald Trump on Super Tuesday. (Allen Eyestone/The Palm Beach Post)

If Donald Trump wins the election in November, might shares of private prison operator GEO Group soar?

There’s a growing consensus that the Boca Raton-based company, which runs detention centers for U.S. Immigration and Customs Enforcement, would house more inmates in a Trump administration.

“If Trump were to follow through on his campaign-trail promise to deport all of the estimated 11 million undocumented immigrants living illegally in the U.S., demand for GEO’s services could explode,” Kiplinger’s reports.

TheStreet.com weighed in with a similar stock tip. There’s no Trump bump for the stock just yet. GEO Group is off 2.1 percent in Tuesday trading.

GEO Group is a real estate investment trust that throws off a hefty dividend of 7.5 percent. But socially responsible investors might recoil at such a play: The company has been cited time and again by federal and state regulators for horrid conditions at its facilities.

GEO Group, for its part, gave $100,000 each to super PACs affiliated with Jeb Bush and Marco Rubio before the 2016 primary.

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