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The GEO Group, Inc. Message Board

  • StkrePETER StkrePETER Oct 1, 1999 2:21 PM Flag

    It`s sure to happen now!

    When the shit hit the fan a few weeks ago, I was
    predicting that WHC (a.k.a. P.O.S to me)would probably see
    single digits as the news became mainstream. Gladly, I
    was wrong. For the past few weeks the price seems to
    have stablized around $14ish. The idiot that I am
    thought that maybe it had bottomed out and averaging down
    at this time might be a good move. So, I doubled my
    position and now have an average just under $21. And what
    do you know, it hasn`t been $14 since. Maybe I
    wasn`t wrong about single digits, just off on the time a
    bit. As the title of this post says, "It is sure to
    happen now". As a matter of fact, that report should
    help it drop. This company has a real bad track record
    when good news is involved. Get this P.O.S. anywhere
    over $20, and I`m outta here.

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    • Here again, the analysts come out with positive
      remarks concerning the industry, and what wonderful
      growth opportunities there are for all involved, and the
      slide occurs again. I am so often compelled to just
      sell out, write my four year relationship with this
      stock as a horrible nightmare, and cover my losses on
      my income tax for the next three years. I beleive if
      you were to look up frustration, and patience in the
      dictionary, it will say...."see WHC." Good luck with your
      sanity to all you weary investors in this POS.

    • Well Peter I did the same darn thing you did, and
      average down to a fraction over 21.00, and it does hurt
      but do not plan to throw the baby with the bath
      water...LOL.
      The defensive nature of the stock just like food, and
      tabacco stocks, may just be the kind of beaten down
      growth stock that the Street is looking for at this
      time, a good example of the market jitters is the
      current rise in gold stocks (flight to quality), the
      downside is minimal (selling at Feb. 1995 price) at this
      point if any, remenber the pipeline is currently full
      of projets, so the stream of earnings for the
      reminder of this year and next is assured.
      We have in
      effect wiped out Four and One Half years worth of
      extraordinary earnings growth.

    • Anyone wanting to know the info on the buyback,
      just go back to POST 503. When I wrote it,it was just
      a belief, now it has become a reality. Everything
      I`ve said on this board eventually happens. Am I
      reading things correctly or is YAHOO making errors. I
      could have sworn I just read a few post where MANBO was
      freaking out, and EASILY was calming him down. I think
      I`ll contact YAHOO and tell them they have peoples
      names mixed up. I`ve heard of role reversals, but this
      is too bizzare. Welcome back EASILY, long time no
      posts. Where were you? Were you kidnapped by WHC and
      brought for a brainwashing? Be careful, you are starting
      to believe the shit they tell you. Again, everyone,
      go back to post 503 - read it and believe it.

    • I tried sending an email to P. C. at WHC (a.k.a.
      POS).
      The email was returned saying address was not
      correct.
      I double and triple checked it and sent it exactly
      as
      you posted it. Please let me know how to
      email him.
      Maybe he saw that you posted his address
      and expecting a
      barrage of hate mail he changed
      his address. Thanks!

    • pat.cannan@wackenhutcorp.com I believe he is used
      to scrutinizing mail. In response to Manbo needing
      some support, he has been the rock of this board in
      keeping people's spirits up. I guess I don't want to be
      the only dude to go down with this ship. As they all
      say, misery loves company!

    • sanity to return the stock price to normal valuations.

    • Does anyone know what day earnings should be
      posted? Their quarter ended Sept 99. I tried looking back
      at old news stories to see how long after other
      quarters it typically would be but couldn't find anything.
      Maybe that'll get things going.

      Go World Health
      Club....errrr.....Wackenhut!!

    • I, like the fool, could not resist more of this
      P.O.S at 12 1/2 for my Roth IRA. At least my cost basis
      in that account is 12 1/2.

      Somebody should
      really take the internet trading away from people who
      enjoy investing in companies that continuously
      disappoint.

      Luckily, I have an appointment with a shrink this
      afternoon......

    • Easily,....printed the chart on PZN and WCH, as I
      was headed to the bathroom, stoped in the hallway and
      looked up at the sun thru the skylight, suddenly the
      answer came to me (What if?..) Superinposed both charts
      with the Bollinger Bands, lined them up, and
      discovered that they are identical, after sliding back the
      WHC chart time wise 4.5 months, yesterdays low may be
      the last one !!!!. I was then taken to the hospital,
      and treated for..... "Chart-is Dementia", a new
      psychological syndrome resulting from buying and holding
      Correctional stocks....LOL.

    • Wackenhut Corrections Selected To Manage New
      Immigration Centre In Australia

      PALM BEACH GARDENS,
      Fla., Oct. 5 /PRNewswire/ -- Wackenhut Corrections
      Corporation (NYSE: WHC - news) announced today that its
      Australian subsidiary, Australasian Correctional Management
      Pty. Ltd., was selected by the Australian Department
      of Immigration and Multicultural Affairs, to manage
      the new Immigration Reception and Processing Centre,
      at Curtin, Western Australia.

      The Curtin IRPC
      is opening this week and has a capacity for up to
      270 detainees. The facility will generate annual
      revenues for the corporation of approximately $6
      million.

      Dr. George C. Zoley, Vice Chairman and Chief
      Executive Officer of Wackenhut Corrections, said, ``We are
      delighted to successfully conclude our negotiations and
      extend our public-private partnership with the
      Australian government to manage this important
      facility.''

      Australasian Correctional Management (ACM) now manages five
      detention facilities for the Department of Immigration and
      Multicultural Affairs with a capacity of 1,390 beds; and four
      jail/prison facilities having a capacity of 1,933 beds. Other
      ACM contracts include the management of a 384-bed
      prison in Auckland, New Zealand which is scheduled to
      open in May, 2000; a 352-bed expansion of an existing
      prison; and management of health care services at nine
      state prisons for the State of
      Victoria.

      Wackenhut (www.wackenhut.com) is the industry leader in the
      management of privatized correctional facilities in the
      international market. The company has awards or contracts for
      over 50% of the correctional and detention services
      that have been privatized in countries outside of the
      United States. Wackenhut Corrections now has
      contracts/awards to manage 55 correctional / detention facilities
      in North America, Europe, South Africa and
      Australasia with a total of 38,669 beds.

      Wackenhut
      Corrections (NYSE: WHC - news) is a subsidiary of The
      Wackenhut Corporation (NYSE: WAK WAKB) and offers
      government agencies a turnkey approach to developing new
      correctional institutions that includes the design,
      construction, financing and operation. It provides professional
      management for a broad spectrum of correctional and special
      purpose institutions.

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