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The GEO Group, Inc. Message Board

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  • greek46 greek46 Dec 30, 1997 1:37 PM Flag

    With a name like Wackenhut....

    I'll let the market speak to your last posting....the time is 11:10 A.M. PST,12/30/97 and Wackenhut is up almost 20 % in
    less than two trading sessions!This stock reached over $60.00 per share, in the past year, before a 2:1 stock split.Whc's
    earnings will continue to go UP, in a big way, and not because of the number of analysts touting the stock, but because of good old
    fashioned fundamentals.....1) check out their earnings (from little or nothing, to 62 MILLION in four years)earnings for 1997 are
    expected to rise 51%, to 208 million!...2)Net income should rise 21%, to 11.7 million...3) Wackenhut recently outbid it's largest
    competitor, Corrections Corp. of America, in a contract for a federal prison in California, and already DOMINATES the foreign market.The
    institution of privatized prisons are expected to grow an average of 25% per year over the next 5 years....3)WHC just recieved a 25-year
    contract for a 400 bed correctional facility in England...4)Business Week ran a very favorable article about Wackenhut 2 weeks ago,
    saying WHC is scoring big in the prison business both in the US and abroad. These are the facts that will make this stock shine in
    '98!....but hey! don't take my word for it, do your own due dilligence, and see for yourself.HAPPY NEW YEAR!

31.67+0.09(+0.28%)May 23 4:02 PMEDT