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Non-Tech : Wackenhut Corrections Corp. (WHC)
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To: pz who wrote ()2/25/1998 8:10:00 PM
From: alan lewis  Read Replies (2) of 176
 
Wackenhut class B (WAK.B) is a much better way to play WHC than doing it directly. WAKB is about $21 per share. With each share of WAK or WAKB you get approx .82 share of WHC - so the value of the WHC that you get for a $21 share of WAKB is about $25. In other words, you get the rest of WAK.B for less than nothing. Why anybody would own WHC under these circumstances is a mystery to me.
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