HI broke out last fall from the $18 level and in December the 50 day broke across the 200 day moving average. That was a clear signal of higher prices. Fundamentally, the company was digesting the 2012 takeover which was very positive. Once we got to the $25 range, the company began a long basing period at this new level. A $7 move form $18 is a big move and in the end we need increased earnings to support the move. It looks like we may be breaking out again as the 50 day, which never actually crossed back over the 200 day is now pulling higher. The fundamentals behind this is a new perception that both Europe and Asia are starting to perk up. HI is now an international company, so this makes sense. The funeral business is now just a cash cow to provide cash flow for future expansion of the engineered solutions part of the business. Finally, the PE is in the 13X range which is pretty conservative. The analysts also have it rated a buy or strong buy. There also only 63M shares outstanding. All in all, I am in this for the long pull.