In November 3's Elliot Management: "World ‘plunging towards societal collapse’ as era of cheap money ends" I mentioned some companies that might profit from that scenario but I completely overlooked the for-profit prison industry.
From The Burry Stock Tracker Twitter feed:
Breaking 🚨:
— Michael Burry Stock Tracker ♟ (@burrytracker) November 14, 2022
Michael Burry is back buying stocks again
In Q3 he purchased more $GEO and made new buys of $QRTEA, $CXW $AJRD, $CHTR, & $LILAK
His portfolio is now over 50% in prison stocks
What makes this especially interesting is that Dr. (M.D.) Burry had famously liquidated all his longs and only recently returned to the reportable stuff.
As always, boilerplate disclaimer, 13F's do not disclose short positions, non-U.S.-traded issues, or options.
Thus, from the New York Post, November 16:
Michael Burry cryptically says market has ‘no idea how short I am’
