The GEO Group, Inc. Message Board

  • daniel_299 daniel_299 Nov 29, 1998 3:11 PM Flag

    Staffing Services

    According to last years results the staffing
    services, or PEO business, accounted for less than 10% of
    WHC revenues and operated at a loss. Will WHC
    seriously expand this business? It could be a time to
    acquire others at distressed levels. A solid canidate
    might be STFF. Such a merger would leap WHC to the
    front of PEO's nationwide and give balance to the heavy
    corrections business. In addition WHC might be able to cross
    sell some of it's protection business to the small
    businesses that engage in employee leasing. Any thoughts?

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    • Daniel...The Wackenthunt Resoures that is
      involved in staffing services is part of the Wackenthunt
      Corporation (WAK and WAKB),
      parent company of the
      Wackenthunt Correction Company (WHC), the
      article is very
      confusing and inorrectly includes (WRI) The Weingarten
      Realty Investor Corp. for some unknown reason.
      Hope
      this makes the article clear.

 
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