Bad move imo. These things are reits with hefty divy's and one thing we can count on going forward is more incarceration. If you're gonna short Trump plays.... I think VMC would be better. Especially if it takes out $135 again... Anything north of $130 is a probably good entry for the long haul. PE's too high for an aggregate operation banking on Congressional infrastructure spending. It should have some good volatility going forward. Earnings are on 5/10. If it pops nicely on earnings... it'll be a great short. Congressional gridlock will keep it interesting.
That's the thing, I'm not sure it's happening. These were propped on immigration alone and seems like nothing will be happening in that front. They're catching downward momentum so it's why I'm curious. Thanks for the VMC tip.
this would not have been wise today https://www.washingtonpost.com/worl...18f6849a004_story.html?utm_term=.a66f36629bea