Thought this was a funeral company, not a mutual fund - 40% of trust fund in equities and big losses here. Shareholder equity down $60 million, talk of higher interest costs and even a possible dividend cut. Really bad.
I follow 3 funeral homes stocks, this one, SCI and ABO.B in Canada. The Canadian one keeps looking better and better. Conservatively managed with low debt, just 5% of trust fund in equities and over half in plain term deposits and just announced the ending of another record profit year.
go check out STON pays $2.20 div a year and rising. bigger than STEI right now. Bet it turns a qtr and year profit. CSV and STEI both use the same conf. call routine-it wasn't me!!! what idiot would dump thier "dedicated" funds into Wall street finacials at those ammounts? bet there is more to come like Madoff? I Like SCI, needs to get the shares bought up though and fast.I feel sorry for all the good folks that work for these clowns STEI best in what class?Thier people may be solid folks but the managment?? same with CSV so glad i missed out on working for either of them.