Service Corporation International (NYSE:SCI)

CAPS Rating: 5 out of 5

The Company is a provider of deathcare products and services, with a network of funeral homes and cemeteries. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, crematoria, and related businesses.

Recs

1
Player Avatar buryemdeeper (64.61) Submitted: 3/11/2008 12:38:06 PM : Underperform Start Price: $8.86 SCI Score: -87.03

The struggle goes on: man vs the pile of debt he has built up! Funeral biz is undergoing a fundamental change that shall not be reversed as cremation rolls in. The debt pile is huge already. Now lower revenue is allowing the debt plie to whip the company's butt, as if that hasn't happened enough already. There is a bright spot, though: SCI gets the award for "the most confusing explanation of their financials to make it look like they are doing better but they aren't". This stock could bury you.

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Member Avatar buryemdeeper (64.61) Submitted: 3/19/2008 11:26:56 PM
Recs: 1

OK, for the few of you that think SCI is a geat play just because of the funeral biz and everybody's going to die, etc....Listen carefullly: They are a mess now and have always been a mess. Their earnings, lifetime, are hugely negative; take out goodwill (air) and their net worth goes way negative; if this isn't enough then study the 2007 annual report--and zoom in on the outside CPA firm who signs off on everything. that will tell you that everything is not ok and colud get much worse anytime. Omission of "material" tiems from the statements has a real name: its called fraud and Price, Waterhouse, et al, is warning you plain and simple.I am sick of publically held companies lying to everybody!! It is rampant and will be the undoing of us, financially. Who can you trust to tell the truth? Bear? SCI? 1st Source Bank? If these are your idea of good, solid companies to invest in you need to learn to read and INTERPRET a financial statement. The wording is complex so as to fool you and the businesses are more complex than they should be because they are managed by fools! so, who's fooling who? Take your money and run. You think it will be ok in the long run? You are more stupid that they are! Write it down, folks. We've got systemic problems, yes, and in this case the circulation systems of the Wall St. idiots and most companies have been poisoned--by greed, lack of integrity and no shame whatsoever. Screw 'em--I've got better things to do.

Member Avatar buryemdeeper (64.61) Submitted: 3/26/2008 12:23:14 PM
Recs: 0

To worry, or not to worry? That is the question and, if you own SCI,worry--or at least be concerned that the stock won't be appreciating any time soon. If it hits $4.00/share then, yeah, jump in and you'll be OK.

Member Avatar buryemdeeper (64.61) Submitted: 8/19/2008 7:05:22 PM
Recs: 0

Not well-run company and never has been. Absentee-ownership doesn't work in the funeral biz; its a mom and pop business. Way too much debt and lawsuits (big lawsuits) out the wazoo. Don't look for any near-term turnaround of any consequence.

Member Avatar buryemdeeper (64.61) Submitted: 10/27/2008 6:48:44 PM
Recs: 0

OK, the latest ridiculous thing to go on at this company is their offer, then withdrawal, to buy Stewart Enterprises. Even in the best of times, when banks are throwing money out the window for any loan you want--which, now that I think about it is the reason we're in this whole mess-- these guys wouldn't qualify. SCI might be approved for enough to wallpaper their corporate bathroom but that's about it and it is getting worse. Take out the goodwill and see what their net worth actually is. That's what any banker with a brain would do and....oooops, sorry, you're declined. Cremation burning cash as fast as it burns a body. (By the way, @2 1/2 hours and 2200 degrees does the job) This company's condition is grave. They are buried in debt. If they owe you money, you stand the chance of being stiffed. Everybody there has a cold and a bunch of them are coffin. OK, .....enough.

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