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Service Corporation International Message Board

  • tdogger28 tdogger28 Jan 27, 2000 10:19 PM Flag

    Stock talk - A little off topic

    I am new to this board, but love the value plays.
    I understand SRV's debt structure and know how to
    read financials, so please no attacks for my reasoning
    in being intrigued by SRV..although once more due
    diligence is done, I would love to argue with shorts, if I
    finally do find SRV a worthwhile investment. I look at
    this Company as a long-term play. One of my favorite
    stocks, not funds as I leave technology investing to the
    professionals, is Southwest Airlines Obviously I am taking a
    long-term approach that is based on the demographic shift
    occuring. Southwest Airlines is a great low-cost provider
    and people tend to travel more when they are retired.
    SRV will be there to bury the baby boomers. Yes I
    understand that actuarally people are living longer and if
    the Company declares bankruptcy my investment will be
    real long-term or non-existent. If someone has
    thoughts on my reasoning and or sound comments; "This
    stock is going up/ down because the stock is good/
    sucks" don't qualify, I would love to hear them. I would
    love for someone that really understands this stock to
    chat with me about it. Thanks in advance to all
    serious investors. Are their any believers in
    Loewen?

    Terry

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    • I suggest anyone interested in learning about
      what is going on in this industry read this 10k. Many
      parallels to SRV including a Moody downgrade:

      "On
      December 8, 1999, Moody's Investors Service ("Moody's")
      announced that it had lowered the Company's credit rating
      from Baa3 to Ba2, and on December 15, 1999, Standard &
      Poor's ("S&P") announced that it had placed the Company
      on credit watch with negative implications. Interest
      paid by the Company on its revolving line of credit is
      based in part on its credit ratings from Moody's and
      S&P. While the outcome of the S&P review cannot be
      predicted at this time, neither it nor the Moody's
      downgrade is expected to have a material effect on the
      Company's results of operations."

      On year 2000
      prospects:

      "As previously announced, the Company recently
      revised its short- and medium-term outlook and goals. The
      Company currently anticipates that fiscal year 2000 will
      be a year of transition, from a period of rapid
      growth, fueled primarily by acquisitions, to a period of
      moderate growth, driven primarily by internal growth
      strategies and a more intense focus on improving the
      operations of businesses acquired. In this regard,
      management's current goal is to grow revenue in fiscal year
      2000 at about 1 percent from 1999 amounts with
      relatively flat, to slightly down, earnings before interest,
      taxes, depreciation and amortization (EBITDA) from 1999
      amounts. Management's current earnings per share goal for
      fiscal year 2000 is in the $.68 - $.72
      range."

      STEI looks like they will survive and the low stock
      price just reflects questionable growth prospects for
      the near future. The market tends to put a pe of 10
      or less on busted growth stocks.


      http://biz.yahoo.com/e/000127/stei.html

      • 1 Reply to friend_of_the_deceased
      • This is so much fun being like WD. I was driving
        home from work yesterday and came up to a stop light
        that was turning from Green to Yellow. I did just like
        WD would do and made a prediction that the light
        would turn green. Well 30 seconds or so later it did
        turn green. Hey, I'm 1 for 1 or 100% accurate and its
        only my first day. Eat your hearts out you pathetic,
        non-WD_Gann1 following losers.

        By the way, I had to
        change my eating habits to be more like WD. I only eat
        'WEENIE Tots', Tofu, and Lactose free milk. Plus I have a
        bran muffin for dessert. My lands, I need to put on my
        sweater and lock the door to keep hooligans like the
        'Tedco's of the world away. I am having so much fun
        too!!!!!!!!! Ooops, my teeth fell out.

 
SCI
18.86+0.16(+0.86%)Apr 17 4:02 PMEDT

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