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Service Corporation International Message Board

  • sci_slammer sci_slammer Oct 13, 2000 6:20 PM Flag

    Re: You Are Long on Opinions

    ut SCI
    until its too late.

    At least W45367859 knows the
    score.

    But what I'll never understand: SCI investors who
    can't--or won't admit to the major problem with same-store
    sales. It's not like the company is selling hamburgers.
    Besides, its real easy for the company to blame things on
    a declining death rate (I love that
    excuse).

    Wake up folks. You better realize that when funeral
    homes start losing market share, its probably easier to
    hit the big "lotto"-- than it is to reverse its
    position in many communities.

    And again, I will
    ask--if market share was NEVER a problem for SCI, would
    the stock price be 2 1/8
    ???????????????????????????????

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • From SRV's 1999 10K:

      "Government data
      indicates the number of deaths in the United States has

      increased over the last three years. The Center for Disease
      Control and
      Prevention (CDC) tracks deaths in 122
      cities (120 in 1997) across the United
      States and in
      those cities total deaths have increased 0.81% in 1999
      from 1998
      and 0.39% in 1998 from 1997. The Company
      has comparable locations in 83 (73 in
      1997) of
      those 122 cities and CDC statistics from these 83
      cities indicate the
      Company increased market share
      in those 83 cities during 1999 compared to 1998"


      =============================================

      Typical Independant B.S. with no proof to back up their
      statements when they state SRV has lost market share.

    • All aboard !! The company is on track to a
      healthier B/S. I'm sure they're planning on turning excess
      execs into lost souls.
      Sci may be profitable next
      year.
      What will happen if SCI sells 25yr"bonds" to families
      .Families will be covered for complete burials and the only
      fee was lets say a $250 a yr for 10 yrs.

      I'd
      buy one..and the company can pay off debt
      sooner....

      Any decent plan could help their sales....

 
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