Bill Ackman Says Buy Corrections Corporation of America (CXW)

At the Value Investing Congress today, Pershing Square's Bill Ackman said investors should take a serious look at Corrections Corporation of America (NYSE: CXW).

Bill Ackman says Corrections Corp of America is cheap and CXW is taking meaningful market share from competitors.

Ackman paid more than $25.50 a share for his investment in CXW.

Corrections Corporation of America is currently trading up 2.50% to $25.12.

Corrections Corporation of America is an operator of prisons.