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

To: Paul Senior who wrote (9096)	12/2/1999 1:08:00 AM
From: Ron Bower	Respond to of 78659

Paul, "If you are in this stock, I will certainly go back and think about it still and again" You forget - I gave you the info that prompted you to sell METH at 18 - now 27. I suppose I did prompt a LOL. I had no intentions of getting out of the market. I started taking profits and building cash for a December tax selloff (has worked well last couple of years), then when I decided it was time to start looking, I couldn't find anything I liked. Clive mentioned WAK so I took a quick look, became a harder look, and I'm still looking. Don't need to explain anything. Your site shows cash of $64.6M = $4.28 /share. Shows revenue and earnings growth - exclude the one time adjustment - I think this may have prompted the selloff. WHC has grown revs from $105.5M in '94 to $404.4 in '99 with earnings from $2.2M to $20.5M. WAK owns at least 52.1% of WHC. Analysts - WAK-4 w/SB, 7 on WHC 4/SB, 3/B. SEC filing - cash flow in 1998 shows $4.4M paid out in dividends - 30 cents? WHC is 'corrections'. WAK is 'security' - everything from airports to personal. They are also adding related businesses like food service for prisons and expanding the security international (As I get it, they are providing 55% of the privatized security outside of the US) I think this will be a fast growing sector. IMO Low margin is due to labor intensive business and costs related to growth. Appreciate anything you find as I'm looking to add. Hope it's right, moving kinda fast on it. Ron Thanks for 'stocksheet' link, better than my usual 'WSRN' for a quick look.