Purchased WHC on IPO on 8/94 for 6.00, sold it two years later at
45.00, purchased it again in April and May (double bottom) of 97'
for 16.00, both times and sold it at 36.00 on Oct.97'; Bougth it back at 22.00 last week and looking to double my money soon
IPO on 8/1994 from $6.00 to $45.00 in 24 months.
Double bottom 4/ & 5/97' from $16.00 to $36.00 in 5 months.
December 22/97 from $22.00 to $xxxxx in xx months.
Care to guess how high and how fast?
I say $40.50 by May of 1998.
Reprinted from Dec. 30th, 1997
Original Author: Manboking
Repeating the original message Manboking wrote on 12/30/98
IPO: 08/01/94' from $6.00 to $45.00 in 24 months
April & May 97'
from $16.00 to 36.00 in 5 months
from $22.00 to ......in ..months
Kishin's guess: $45.00 by May 98'
Novasun's guess: $40.00 by April 98'
Using fair value of 28.50 per share accorning to
While the stock consolidates above 27.50, has good
implications for re-attaining year high of 30.00 from
low of 15.00, in the short term. Intermediate run
may carry on to 36.00 (resistance level),and on long
term basis to 45.00 (old time high).
WHC earnings estimtes lowered
called first analysis hacked next years earnings
estimate by $.05 based on new guidance from the company.
think news is not really disseminated by mkt. yet. at
this multiple, WHC definitely susceptible to earnings
revisions. also, first downward revision usually not the
last, and in concert w/ insider sales, seems
suspicicious. my guess is other more widely followed firms do
same thing soon and more people catch the
Rainseed.....Earnings estimates are reduced from
0.76 to 0.71, at a rate of growth of 40 percent, and a
P.E. of the same, comes out to a fair value of $28.40.
Institutions had profits and if you look at the volume for the
last two days some of them got out. They could not
stand a little bad news. Today the volume looks normal,
so apparently the selling has subsided. Some more
selling to be done by individuals, but ultimately this is
a non-event, since this is a long term growth stock
and the selling can be equated with selling Microsoft
in its infancy.
Nov. 11th..850 beds in San Diego,Calif. 20
Nov. 16th. 520 beds in
Cleveland,Tex. 6.3 million annually
Nov. 29th, 2000
monitoring (U.K.) 25 million annually
Dec. 1st. 800 beds
in the (U.K.) 16 million annually
Dec. 8th. 800
beds in Valverde, Tex. 14 million annually
14th. 300 beds in Lawton, Ok. 4.3 million
The total revenue annually comes out to 85.6 million
dollars, added since the last quarterly report dated
Oct. 22nd. Not bad for future earnings Eh..?
Want to learn more about how to value
well then this neat site may just be the
that you are looking
Draw your own conclusions and
then you will
realize that this
stock below 25.00 is a buy not a
Josenthal and Company, and
Smith Barney this
ranked WHC as a buy and to
outperform the market.
Remember this stock has no asian
is not an internet stock of
and sells on fundamental valuation
past performance growth rate, and on a
future ahead based on the fact
that only 7 percent
of the prisions in the U.S.
And the company still remains debt free.
Happy New Year to All in this message
This morning visited a Research site, called
Found much financial data about WHC, along with some
interesting data. i.e. 133 institutions hold 31.7
of the stock, this does not count the 50
some percent held
by the parent company
Wackenthunt Corporation (WAK).
Therefore the float or
amount of stock available for trade
is not very
large, rather thin for a company of this size
600 million capitalization.
The upper Bollinger 20 day line is rising,
and now at 29.30,
this band will rule the current
past the 1998 high of 31.
From there on
the next resistance points
are at 36, and at 45
(all time high).