Since when does an illegal contract become legal just the parties agreed to the terms? Back to Contracts 101 for you: last time I checked, illegal contracts were VOID.
I post these stories to get info to people. You seem to be pretty new to this board. Why don't you read a few posts before opening your uninformed mouth? I have no idea of the contracts are illegal. That's not my point. More bad press, more insecurity.
Game set and match to WHC? Are you out of your mind? Take a look at the stock price. Sure, the company will probably be fine in the long run, but by no means have they won the "match".
The real story here is whether they have lined up the fed BOP contracts to come in to the two prisons in NM. If WHC can get a similar price to what CCA got in CA, it would be in the company's best interest to have the NM contracts declared void and sign up with the feds.
yes, my point being that there won't be any significant advantage for the state in this instance. The arrangement will continue as defacto until a new contract is negotiated. Seems to be more of an internal problem for the state and county authorities, than for the company. Certainly didn't mean for you to take my response as a personal attack. New or not, I've got a right to my interpretation, the same as you. And I always read posting history as part of my research on an equity before taking a position. Sometimes, a person can even find worthwhile information. I like WHC very much at this level, for a number of reasons that I won't take the tine to share with you here. I definitely would not have purchased this stock early last year when it was near $30, but now... sure! So, sorry you don't agree. I don't really care, and... I'll open my mouth anytime I want!
You stated "Game, set and match" for WHC. Do did noy back up your point otyher than to state that an illegal contract is valid if the parties agree. Since your premise is entirely FALSE,your interpretation based on that premise is false as well.
Point is, there is enough people on this board slamming the company for one reason or another. Also, there are people on this board who seek TRUTHFUL information (in conjunction with our own DD and research) upon which to base professional decisions.
I did not mean to insult you, but I did mean to point out that there are enough people on this board that post crap positive and negative. If you have something to share on this board, great. I for one could use all the help I can get. But if you are just going to say possible pending legal action from the Attorney General of a state means nothing, you're sadly mistaken.
Look at Cornell in Penn. The AG shut down the prison before contruction was completed.