Service Corporation International (NYSE:SCI)
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.
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Recs
The stock is over priced by 30%
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Death in inevitable and there are a lot of baby boomers that will be pushing the envelope soon :)
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great growth
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As everyone else is saying, the boomers are aging. These companies will obviously profit from their funerals.
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Boomers will begin croaking soon. SCI et al are in the right place to clean up from planting dead Boomers.
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sci is on much better footing than it was in the past, with reduced debt, the Alderwoods acquisition, and re-instating its dividend. management responded well with corrective action when faced with a series of negative events in the late nineties, slowly re-building their foundation.
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Recently bought Alderwoods. If owners can follow the course Alderwoods took they will make steady increases in stock value.
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heavy insider buys, and (sad as it may be), the baby boomers are croaking and are sure to spend well on the services.
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It should be near the end of a mediocre run up. They made some moves away from pre-need sales that will cost them. Merger approved, but will it go well? I am thinking not.
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SCI consumed a merger with the second largest player in the industry, their next results will include #1 and #2 combined.
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A cash cow. As the population ages more people die and more funerals are done by SCI. Also, possible hedge against the effects of a flu pandemic on stock prices across the board.
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This stock ain't dead.
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