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The GEO Group, Inc. Message Board

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  • manboking manboking Dec 11, 1998 12:32 PM Flag

    Historical Pespective necessary

    Rainseed.....Earnings estimates are reduced from
    0.76 to 0.71, at a rate of growth of 40 percent, and a
    P.E. of the same, comes out to a fair value of $28.40.
    Institutions had profits and if you look at the volume for the
    last two days some of them got out. They could not
    stand a little bad news. Today the volume looks normal,
    so apparently the selling has subsided. Some more
    selling to be done by individuals, but ultimately this is
    a non-event, since this is a long term growth stock
    and the selling can be equated with selling Microsoft
    in its infancy.

 
GEO
25.11-0.11(-0.44%)Sep 23 4:02 PMEDT