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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (9095)	12/1/1999 8:46:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78657

Ron Bower: LOL! And I thought you were getting out of the market. Didn't take you long to get back in. About 7 1/2 hours since you posted good bye --g--. Okay WAKB. I need a little help with the numbers. I see the cash and equivalents as "Cash and cash equivalents at October 3, 1999 of $43.5 million was the same at January 3, 1999." per latest SEC. That's under $3/sh. I can't find a good history of WAK's earnings. This is the best I can see: stocksheet.com Rev's growing all right. But not earnings. (from what I see) And above site says there're dividends. I don't think that's right (Can't find any other record of dividends). This all does not give me a comfortable feeling. However, it's not about comfort. If you are in this stock, I will certainly go back and think about it still and again. Can you provide any additional information on WAK, WAKB?? Paul Senior

To: Ron Bower who wrote (9095)	12/1/1999 8:55:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 78657

Ron, Looking at a 2 year chart, it looks as tho somebody spiked it then shorted the heck out of WAK. With such a small float it would be easy to manipulate. Bottom line, you'd better get on well with Ruth & Richard!-g- YHOO profile shows $16 in cash(!?) and a 1.7 million float. 1/10 of that traded today alone! An interesting stock but something is definitely going on with it at the moment. James Rowan, the VP, was selling at the top, as was Richard Wackenhut, the President. Ruth Wackenhut(the listed Secretary) owns over 50% of the total stock(!).

To: Ron Bower who wrote (9095)	12/3/1999 1:41:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78657

Okay, Ron Bower, I'm following you into WAKB today. Stock is a buy at today's price, imo. Has some aspects of a growth stock (increasing revenues, investor interest in its business (outsourcing), diversifies its competencies - e.g. starting a staffing service). To this are coupled value metrics (cash plus WHC holding, low pe, low psr, little ltd). These positives are offset by: a complicated capital structure (relatively hard to find WAKB sh.), Wackenhut family totally controls, erratic (from what I can tell) earnings and dividends, and just "moderate" roe) WAK & WAKB stock prices are declining almost daily and WAKB is now at its initial 1995 point (according to Yahoo chart). Since I can't find any reason for such a decline, and the future looks pretty attractive imo for the business, the management appears (to me) to be on top of things, and there's all that cash and WHC shares, I'll call the stock mispriced at current levels. (I chose the B shares over WAK because the B tracks the WAK, is cheaper, and the only difference is it's non-voting.) Paul Senior