You are correct in your thoughts that this industry is undervalued. 25% growth and a 10 P.E. I know of no other like it. The press hates privatization of governmental businesses so they jump all over any prisoner complaints that are made public. This keeps the big mutual funds out of the picture. As I see the future the governments need to see cost savings . Once they are convinced then the business will be legitimized. This is still a new field and will take awhile to catch on. All I know is that with 25 year contracts already signed this business is not going away.
that negative publicity keeps the funds out. At this time, they have a fair representation at about 67% of the float. I just think it's more the case that this sector isn't "in vogue" at the moment (i.e., it's not a dot.com BS story) so WHC has been neglected. All the better for us, buy now at the cyclical low. List of Top 10 Institutions and Funds below:
Top Institutional Holders of WHC Shares Value
DRESDNER RCM GLOBAL INVESTORS LLC 1,497,200 $13,007,674
NEUBERGER BERMAN, LLC 1,197,900 $10,407,355 ASTER INVESTMENT MANAGEMENT COMPANY 400,800 $3,482,150 AIM MANAGEMENT GROUP INC. 280,800 $2,439,590 BARCLAYS BANK PLC 181,979 $1,581,034 CALPERS (CALIFORNIA-PUBLIC EMPLOYEES RETIREMENT SYSTEM) 178,600 $1,551,677
DIMENSIONAL FUND ADVISORS INC 172,400 $1,497,811 VANGUARD GROUP, INC. (THE) 132,000 $1,146,816 FIRSTAR CORPORATION 110,025 $955,897 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 109,100 $947,861
Top Mutual Fund Holders of WHC Shares Value MERIDIAN FUND, INC. 299,400 $2,601,187 AIM CAPITAL DEVELOPMENT FUND 279,700 $2,430,034 MUNDER SMALL COMPANY GROWTH FUND 252,400 $2,192,851 DRESDNER RCM SMALL CAP FUND 252,000 $2,189,376
FIRSTAR EMERGING GROWTH FUND 119,575 $1,038,868
SCUDDER GLOBAL DISCOVERY FUND 89,800 $780,182
FIRST AMERICAN SMALL CAP GROWTH FUND 72,200 $627,274 IVY U.S. EMERGING GROWTH FUND 65,600 $569,933 UNIVERSAL U.S. EMERGING GROWTH FUND
58,800 $510,854 SEI INSTITUTIONAL MANAGED TRUST-SMALL CAP GROWTH PORTF 52,500 $456,120
good figures blueibis. WHC has every reason to take off, she's just not the flavour of the month. Solid growth announcement sure loads extra powder in the canon. I think Dresdner and the rest will see a return that institutions invested in haute stocks will envy. To quote Rake_in_Dollars (message 1006) YEEEEEEHAAAAAW!