Mcprison is posting stories previously published in the media. I find them valuable since they help explain the depressed stock price.
WHC is selling near book value. Since WHC's book value primarily measures the depreciated value of their furniture and similar physical assets, the company is essentially selling for free. Free as in no dollars.
Even though the company clearly has serious problems, the free price has attracted the attention of bargain hunters. Remember, they are leasing most of their prisons from CPV. They don't own prisons. They design, contruct and manage them. They don't appear to do a brilliant job, but the almost free price is not a bad price.
Remember, vultures live off dead meat. Meat doesn't have to be fresh to be a meal.
If you want a gourmet dining experience, look elsewhere. If you are a hungry vulture, check out WHC. It stinks, it is half rotten, but it is a meal.