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

To: Paul Senior who wrote (9121)	12/3/1999 4:57:00 PM
From: quartarpint	Read Replies (1) \| Respond to of 78659

Paul: What are your thoughts on the large short position on WAK even at this level. I find it troubling that someone or for that matter many people continue to see something there to justify shorting. I am long WAKB and expect a pop when the shorts start covering.

To: Paul Senior who wrote (9121)	12/3/1999 8:59:00 PM
From: Grommit	Respond to of 78659

WAK = pass. I looked into this one months ago and check on it occasionally. I never got comfortable. In fact a few weeks ago I had them on my list to call and request and updated pile of mail from them. But I never followed through. I agree with your assessment of unusual capital structure. That turned me off. Also I decline to own companies run by so many people with the identical last name. (Except maybe Johnson & Johnson). I can always find enough things to worry about with a company, so I do not need to select them with a pre existing defect. I bet the proxy is a terrible thing to read. I used to have it but forgot if it turned my stomach and caused me to avoid this company. G.R. Wackenhut, Chmn./CE R.R. Wackenhut, Vice Chmn./Pres./COO Ruth Wackenhut, Secy. Spot Wackenhut, company dog Good luck. If I was a betting person, I'd bet you make out good with this one, but damn, it scares me. reminds me... what did the fish say when he swam into the concrete wall.... answer: "dam".