Might either or both of the two issues, referred to in the article hyperlinked below, which are to be considered, shortly, by the U.S. Supreme Court, have a 'material' impact on the company's business?
The General is referring to the items in the two paragraphs following the heading Tough Issues, specifically, changing the sentencing rules that lets judges, rather than juries, decide on the length of a convicted defendant's sentence and allowing feds to prosecute people who use marijuana for medicinal purposes.
Well, General, we got part of that answer today from the Supremes - federal judges are no longer obligated to follow sentencing guidelines set by Congress in 1984; they are now advisory rather than mandatory. What's unclear is what this will do for individuals sentenced under mandatory guidelines that are now unconstitutional.
What does this mean for CXW and the privates? Too soon to say IMO. I suspect we won't see any impact for a long time 2-3 years at least - until this all get sorted out. But my guess is that we will see fewer length prison sentences for persons convicted of federal crimes, which will obviously slow the growth of federal inmates. Which has to affect CXW somewhat because the Feds are the biggest (and most important, IMIO) customer.
You mentioned you were going to ask the company. I'd be interested to know what they say.