rakeindollars,
It is true that WHC looks
like a bargain when using conventional financial
measures. They have some cash and looking at the past
performance, they have been increasing in revenues.
The
only problem is that they have bad news overhanging,
and from my experience, there is more news lingering
out there. I know some people may take what I am
saying quite hard, because they probably own long
positions, but if you check non-investment/governement/news
sources, you get a feeling that there will be few new
contracts and probably more cancelations. The qualitative
information supports that aurgument that WHC, on future
earnings outlook, which is what stocks trade on, is poor.
I know a lot of stocks that have similar
characteristics... PDX PPDI INVX IM DACG NCI SDRC HLYW URBN CATT
FCFS ACRT CRDT MFI AN PPD
there are alot out
there... I could go on. Maybe in two years, WHC will be
worth more, but I don't think the public wants prisons
privatized, just ask the average joe.