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Stewart Enterprises, Inc. Message Board

  • smaycs4 smaycs4 Dec 12, 2011 11:35 AM Flag

    STEI rejected $9.50, would have taken $11.00

    If we ONLY get back to $9.50, thats a 63.5% return from current prices. And we get a 2.36% dividend while we wait.

    I added more STEI today. My money market returns far less than the STEI dividend.

    The insider buying suggests higher prices are ahead. With a 52 week high of $8.39, I expect STEI is seeing some tax loss selling/window dressing.


    Service Corporation International (NYSE: SCI) withdraws its previous proposal of $11 per share for Stewart Enterprises ...


    Date Published: Oct 7, 2008


    Stewart Enterprises (STEI) Rejects Acquisition Offer From Service Corporation International for $9.50 Per Share

    Stewart Enterprises, Inc. (Nasdaq: STEI) has rejected a proposal from Service Corporation International (NYSE: SCI) to acquire all of the outstanding shares of Stewart for $9.50 in cash. In a letter dated June 25, 2008, SCI invited Stewart Enterprises to enter into negotiations regarding the possible combination of the two companies.

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    • Bumb for future reference.

    • With the stock at $7.99, one has to wonder if another buyout deal might be something that is considered sometime in the next 6-12 months.

      Id bet they'd take $11.00-12.00 which would be a nice return from here.Would someone offer that ?

      I need to read the conference call.

    • Another bump for future reference.

      $11+ is my eventual buyout target. Might be 6 months might be 2-3 years.

      Because of that, Its difficult for me to sell any, even for a trade because Im really confident we will get $11+ and I dont want to lose my position over 25-75 cents in possible trading income.

    • For future reference....

    • What is this ? Amatuer hour ?

      "Non Open Market" is the reason to IGNORE your entire list.

      Did you read each form 4 ?

      Didnt think so. Yesterday, you couldnt even find insider trades.

      Run along kiddie. Stocks are for adults.

    • Options exercises at $0 per share do not count towards actual purchases.

    • We haven't seen $9.50 in nearly 13 years. We've been close several times, but haven't broken it. Offer us $11/share, not in cash but stock, and we'll consider.

    • Available sources show all insider transactions as being sells. How do you figure that they've been buying to infer upside pricing?

      • 1 Reply to rhino_hunter
      • not sure what your "available sources" are.


        Oct 4, 2011 MYERS KENNETH G JR
        Officer 2,500 Direct Purchase at $5.60 per share. 14,000
        Sep 28, 2011 SPRICK PHILIP G.
        Officer 95 Direct Purchase at $5.90 per share. 560
        Sep 26, 2011 SPRICK PHILIP G.
        Officer 200 Direct Purchase at $5.90 per share. 1,180
        Sep 23, 2011 MILLER MICHAEL H.
        Officer 1,700 Direct Purchase at $5.84 per share. 9,928
        Sep 21, 2011 ALPHONSO KENT J.
        Officer 3,000 Direct Purchase at $5.90 per share. 17,700
        Sep 19, 2011 KITCHEN THOMAS M
        Officer 2,000 Direct Purchase at $5.84 per share. 11,680
        Sep 16, 2011 KITCHEN THOMAS M
        Officer 2,000 Direct Purchase at $5.94 per share. 11,879
        Sep 15, 2011 ELSTROTT JOHN
        Director 3,000 Direct Purchase at $5.61 per share. 16,830
        Sep 14, 2011 DE LAUREAL MARTIN
        Officer 1,000 Indirect Purchase at $5.61 per share. 5,610
        Sep 13, 2011 WINNINGKOFF LISA T
        Officer 2,000 Direct Purchase at $5.56 per share. 11,120
        Sep 13, 2011 KITCHEN THOMAS M
        Officer 2,000 Direct Purchase at $5.50 per share. 11,000
        Sep 13, 2011 DERBES LEWIS J JR
        Officer 1,000 Direct Purchase at $5.46 per share. 5,460
        Sep 13, 2011 ELSTROTT JOHN
        Director 2,000 Direct Purchase at $5.47 per share. 10,940

    • Your article is over 3 years old. How is that applicable to current events?

    • still watching this as it's gone from 12/7 downhill - $6.09, 6.07, 5.98, 5.78 to a current 5.60. Good luck to you.

      • 1 Reply to cdh333mom
      • I try to keep it in perspective.

        Im buying for $4-6 in upside.

        So what if it goes down 40-50 cents first.

        I recall a stock I bought a few years ago at $1.51. I picked a low price & stuck with it and got filled at the ultimate low.

        Trouble is, it was a partial fill and I onky got a very small portion of what I wanted.

        I later sold out at $7.

        My lesson is, I missed out on $5+ in gains because I wouldnt pay an extra 10-20 cents.

        But, if STEI falls much lower, I will buy more.

        I expect this is simple tax loss selling & window dressing and not that people are going to quit dying.

        lol

 
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