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The GEO Group, Inc. Message Board

  • please_be_civil please_be_civil Sep 20, 2000 12:43 PM Flag

    This stock is done for in the near term

    I can't see WHC recovering anytime soon. I think the only solution to selling at a loss is to remain very long and hope for a buyout or some other unforeseen miracle to occur.

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    • I agree with this. WHC is unlikely to do much
      positive for the next several quarters. I am one of the
      fortunate ones who bought WHC as a turnaround candidate at
      6 1/2 and sold at 8 3/4. I sold after the last
      quarterly earnings because of the continuing pressure on
      margins. It was a case of protecting gains and seeing more
      downside risk than upside potential. This warning will
      keep me out of the stock until it falls below book
      value or until margins improve.

      Good luck to the
      long suffering longs.

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