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The GEO Group, Inc. Message Board

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  • cruckymucky cruckymucky Sep 15, 2003 3:22 PM Flag

    CPV and WHC; Also, Insider Activity

    What gets me is the fact that CPV and WHC are run by basically the same people; indeed, the biggest individual shareholder of CPV is (or is it?) Wackenhut.

    I dont know, but the whole thing sounds like either a good deal (in which case why are the insiders selling?) or a shady one (which would explain why they are selling).

    Or; they are having personal financial trouble and are selling for that reason (I know some officers of companies who run their companies well but their personal finances near ruin).

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    • Wackenhut is no longer a major shareholder in WHC, and has never been a major shareholder of CPV, to my knowledge.
      Last year, Wackenhut sold out to a Danish security firm (Group 4 Falck) which has no interest in the prison business. Group 4 recently sold out its fifty-plus percent ownership of WHC.

 
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