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 ???????????????????????????????
"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....