Mon, Dec 29, 2014, 10:38 AM EST - U.S. Markets close in 5 hrs 22 mins


% | $
Quotes you view appear here for quick access.

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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.


13.250.00(0.00%)Dec 23 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.