Posts for Ticker ‘SCI’

Economy Too Bad For Funerals? (SCI, CSV, STEI)

If you follow the death care industry, the one name you probably know is Service Corp. International (NYSE: SCI).  There is a second tier small player that many haven’t heard of named Carriage Services Inc. (NYSE: CSV).  We noticed this one today in our screening of 52-week lows, although it barely went under that prior $6.10 52-week level and has since come back up to $6.25.

As of December 31, 2007, Carriage Services operated 139 funeral homes in 25 states and 32 cemeteries in 11 states; and the company is based in Houston, Texas (that’s important, read on).  As of a week ago it is operating under a new CFO.  A month before that the company instituted a $5 million share buyback.  But if you look at the chart and action you might think that suddenly people are too financially strapped to die or are at least too strapped to pay for a decent funeral when they do die.  This has fallen from late-2007 highs of over $11.00 and shares are now challenging 52-week lows and with one more day like today would be back under $6.00.

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Posted on: July 18, 2008 – 1:11 pm in Economy, HI/LOW, , ,

Capital Senior, Brookdale, Senior Housing Lead Old Folks Homes Earnings Week (CSU, BKD, SNH, SRZ, SCI)

This week, we’ll see earnings from many of the top publicly traded retirement homes.  We have earnings from Capital Senior Living Corp. (NYSE: CSU), Brookdale Senior Living Inc. (NYSE: BKD), Senior Housing Properties Trust (NYSE: SNH), and Sunrise Senior Living Inc. (NYSE: SRZ).  This earnings preview report wouldn’t be complete without the grand finale.  The global leader in funeral homes and cemeteries, Service Corp. International (NYSE: SCI), is also on deck to report earnings.

While "old folks homes" might sound derogatory in name, it shouldn’t be thought of that way.  Not at all.  247WallSt.com looks for sectors that we believe can enjoy secular growth.  The oldest of the Baby Boomer generation is just now entering the very first stages of retirement age, and many of their parents are still alive and many are in need of assisted living care.  Combine this with more future demand than current supply can meet, and all of a sudden you have the formula for a secular growth and income story.   

Below is an orderly report calendar for the top stocks in this sector that are reporting earnings this week:

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Posted on: May 6, 2008 – 11:31 am in Earnings, , , , ,

Mutual Fund Year-End Window Dressing Meets FOMC Date (MSFT, CSCO, GOOG, AAPL, RIMM, VMW, EMC, KO, YUM, MCD, BIDU, CROX, DELL, SCI, GS, STT, NYX, TXT)

Wednesday is much more than Halloween and it is more than the FOMC announcement date.  We have an event that has been perhaps more influential to many key stocks than the upcoming announcement on Wednesday out of the FOMC.  The key event is that it coincides with being the fiscal year-end for most mutual funds out there.  There are many stocks that were prior beneficiaries of WINDOW DRESSING at the end of September, but this list may be far more important as the year-end names will appear in annual reports for mutual funds.  Oddly enough, these might not see the same love as the last quarter (see below).

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Posted on: October 30, 2007 – 2:16 pm in Annual Report, HI/LOW, Mutual Funds, , , , , , , , , , , , , , , , , , , , , , ,