Interesting action today. Seems that there were a
lot of holders ready to sell but plenty of buyers to
come in on the little dab of good news and hold up the
price. This stock, without doubt, is undervalued at the
present time. Today IO told me that 54% is held by WAK
and only 30% by institutions, with very little held
by WHC insiders. That means that it is on the
shoulders of individual investors to help this stock back
up by NOT SELLING JUST BECAUSE THE PRICE GOES UP A
LITTLE BIT-YOUR PATIENCE WILL BE REWARDED IF YOU ARE
STRONG WILLED AND HOLD FOR A WHILE!! the sector is out
of favor thanks to the idiots at CCA, who cost many
of us dearly, but that could change quickly with a
short stretch of upward movement.
I'd love for
someone to tell me how full of s--- I am, this is the
deadest board I've ever seen!
thanks to the idoits at cca whc will be the the
largest privite corrections company in the world very
soon and cca will be just another REIT my moneys on
whc cca very soon will no longer be in the same group
there will be whc crn cscq city crxs and a host of
other small companys in the true corrections arena im
looking for major consolidations in the near future
I can see why you don't know how to spell idiot.
Read this genius!!!
Finance:Stocks:Services:Business Services:CCA (Corrections Corp. of Amer)
2:08PM EDTExcellence in Entrepreneurism
and company success earns business leadership award
for Doctor Crants
CCA Chairman, CEO and
President Doc Crants was recently honored as Ernst &
Young's 1998 Entrepreneur of the Year for the
Southeastern U.S. region. Crants was selected from among
several nationally recognized business leaders nominated
for the award.
The Entrepreneur of the Year
award annually recognizes individuals who have
demonstrated excellence and extraordinary success in such
areas as innovation, financial performance and personal
commitment to their businesses and communities. Crants was
chosen from 110 entries throughout the Southeast.
Winners were announced at an awards banquet in Atlanta.
Other industries represented at awards banquet included
health care, technology, retail and manufacturing.
"The thing that struck me in all of these cases were
the personal sacrifices and the personal risk
everyone takes," said Joseph Sansone, a contest judge and
chairman of Georgia-based Pediatric Services of America, a
national winner in last year's contest. "Anybody can run a
business that's successful, but to take a new idea and
sell it under some adverse conditions and a lot of
skepticism and stick with it is a true measure of an
"The mission that CCA
was founded upon was to provide quality corrections,
at less cost, in partnership with government," said
Crants. "It is gratifying to have the founding principles
of the company recognized in this way. The credit
for CCA's success goes to our employees, who carry
out the vision and philosophy of our company's
founders every day on the job."
contest is the 12th annual Entreprenuer of the Year
awards competition. The Entrepreneur of the Year program
is co-sponsored by USA Today, the NASDAQ stock
market, the Kauffman Center for Entrepreneurial
Leadership and the Entrepreneur of the Year Institute.
Regional award winners are eligible for national
Entrepreneur of the Year honors.
"Mr. Crants was
chosen for Entrepreneur of the Year honors for the
innovative spirit driving the CCA concept," said Darlene
Lowe of Ernst & Young. "The type of business and the
creativity behind it were impressive. CCA is a very unique
idea. It's a perfect model for other businesses to
Past award winners-a "Who's Who" of
national business leaders-include Michael Dell of Dell
Computer Corporation, Howard Schultz of Starbucks Coffee,
Leon Gorman of L.L. Bean, and Steve Case of America
Online. The Entrepreneur of the Year program was founded
in 1986 by Ernst & Young, a national tax
services/consulting firm, to honor outstanding owners of fast-growing
I wish I could tell you you're full of s----, but
you're right on the money. WHC is in an industry that is
simply out of favor. The fundamentals couldn't look
better, and the news is always good. One of my only
concerns though has been the low trading volume. Even when
the stock was flying in the 30's, the volume wasn't
high. I wonder if WAK owning 54% has a real negative
impact on the ability of the stock to move markedly? I'm
just going to hang in there for now....maybe it'll go
back up in the early fall like last year for no
Good luck to you.
I have been waiting for this contract to be
for over 6 months, i think this is a great boost
this company which now has 50% of international
beds under management, with two more contracts to
awarded soon, there is a good chance whc will get
one of them
and one more new facility will be
procured for soon..
HOPEFULLY, this stock which i
believe to be undervalued at
this time will move up
I'm considering WHC. I personally like the idea
of privately run correctional facilities. But my
concern is in the long run and with the "liberal
mentality" of our governments. Is privatization of this
sector going to be allowed to grow and continue? The"
thinking" being that government is the only entity capable
of "fairly" and "safely" running a correctional
facility. Any thoughts?
I just put together a lengthy response, and
somehow it didn't post. The bottom line is
this...privatization companies like WHC can do it all from choosing
the site, to financing the purchase and construction,
to building the facility and running it in its
entirety including food service and medical. In addition,
they take responsibility for the facilities
maintenance and assume whatever liabilities the government
would have had otherwise.
With a quality
operator like WHC, there's no question that there is a
real savings vs government run. In addition, you have
better quality facilities and, because of excellent
training programs, better run facilities.
example, look at Puerto Rico. The government run
facilities are in turmoil because the gang members housed
there are running the facilities. Puerto Rico's only
hope if privatization, and they are slowly and,
generally, successfully integrating that
Privatization is here for good. Nearly all states are now
involved in some form of transition. All we need to do is
figure out how to get this sector back in favor with
Wall Street. We're very close to a 52-week low. Good
luck if you join us.
Maybe it was caught up in the overall market
sell-off. Last I checked all 7 analysts who followed this
stock recommend "strong buy." There is only good news,
with projected 30% earning growth. The faithful should
really look at this as a great buying opportunity.
It's like tying to catch a falling knife. I keep
buying at lower and lower prices, but it keeps falling.
Does anyone have any insight to why this is happening?
Is it the sector in general or is there something
that is underlying that is driving the stock price
down that I'm not seeing? I'm with Prudential and they
tell me to buy. I've done fairly well in the market,
except WHC has baffled me. Any help would be