Stewart Enterprises Inc

STEI-Q

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about STEI-Q

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 13, 2013

Funerals should be a very stable business. Tons of recurring revenue and good demographics. However, looking at the industry, this has not been the case. It’s a unionized business, dominated by mom and pop stores. Balance sheet on this one is a little rough. Doesn’t have the stability that he wants.

Funerals should be a very stable business. Tons of recurring revenue and good demographics. However, looking at the industry, this has not been the case. It’s a unionized business, dominated by mom and pop stores. Balance sheet on this one is a little rough. Doesn’t have the stability that he wants.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$8.360
Owned
No
BUY
BUY
January 28, 2013

Funerals and cemeteries. Has done a really good job of cutting costs in the last year. Increased their dividend and have been buying back stocks. Near-term outlook is very good. Logical acquisition candidate.

Funerals and cemeteries. Has done a really good job of cutting costs in the last year. Increased their dividend and have been buying back stocks. Near-term outlook is very good. Logical acquisition candidate.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$8.180
Owned
Yes
HOLD
HOLD
November 9, 2012

Death care industry. The oldest company he has by about 3 years. Pays a dividend. Recent results were excellent and they keep raising the dividend yearly. Debt is high but normal in this industry. Would not buy it now although there is still a lot of upside.

Death care industry. The oldest company he has by about 3 years. Pays a dividend. Recent results were excellent and they keep raising the dividend yearly. Debt is high but normal in this industry. Would not buy it now although there is still a lot of upside.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.140
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 10, 2012

(A Top Pick Aug 9/11. Up 32.69%.) 2nd largest public funeral and cemetery business in the US. Likes the long-term attributes of this one.

(A Top Pick Aug 9/11. Up 32.69%.) 2nd largest public funeral and cemetery business in the US. Likes the long-term attributes of this one.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$7.070
Owned
Yes
COMMENT
COMMENT
February 7, 2012
Funeral home company. He has 2.6% of shares and is in controversy about strategic alternatives including selling the company, significant dividend increase or share buyback, with management.
Funeral home company. He has 2.6% of shares and is in controversy about strategic alternatives including selling the company, significant dividend increase or share buyback, with management.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$6.610
Owned
Yes
TOP PICK
TOP PICK
August 9, 2011
2nd largest funeral and cemetery company in the US. The 2 certainties in life are death and taxes. Demographic changes in the next 15-20 years are going to be very positive. Possibility that their largest competitor may try to buy them again in the next 6-12 months.
2nd largest funeral and cemetery company in the US. The 2 certainties in life are death and taxes. Demographic changes in the next 15-20 years are going to be very positive. Possibility that their largest competitor may try to buy them again in the next 6-12 months.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$5.800
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 13, 2010
(A Top Pick May 1/09. Up 87%.) 2nd largest funeral home operators in the US. Recession proof.
(A Top Pick May 1/09. Up 87%.) 2nd largest funeral home operators in the US. Recession proof.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.590
Owned
Yes
TOP PICK
TOP PICK
May 1, 2009
Funeral business. People are still going to want their funerals. Shrinkage in margins because of cremation. But this is a necessity. Just reported reasonable numbers. Not keen on de3bt load
Funeral business. People are still going to want their funerals. Shrinkage in margins because of cremation. But this is a necessity. Just reported reasonable numbers. Not keen on de3bt load
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.630
Owned
Yes
BUY
BUY
January 12, 2009
Both Service Corp (SCI-N) and Stewart Enterprises (STEI-N) are dominant leaders in the funeral industry. Quite a bit of debt. Could have chosen either of these as Top Picks.
Both Service Corp (SCI-N) and Stewart Enterprises (STEI-N) are dominant leaders in the funeral industry. Quite a bit of debt. Could have chosen either of these as Top Picks.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.310
Owned
Yes
COMMENT
COMMENT
May 18, 2007
He owns both Stewart Enterprises (STEI-Q) and Service Enterprises (SCI-N). They're both in the funeral sector. Service has hit his target, but he has not sold yet to see if it will run further. Pretty much recession proof. Think they both have a ways to run.
He owns both Stewart Enterprises (STEI-Q) and Service Enterprises (SCI-N). They're both in the funeral sector. Service has hit his target, but he has not sold yet to see if it will run further. Pretty much recession proof. Think they both have a ways to run.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.380
Owned
Yes
HOLD
HOLD
September 14, 2006
Still likes this sector. There is less competition in the industry now. Likes the dividend. Should do very well in the future.
Still likes this sector. There is less competition in the industry now. Likes the dividend. Should do very well in the future.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.030
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 16, 2004
(A Top Pick Oct 23/03. Up 74%.) Treat as a hold now.
(A Top Pick Oct 23/03. Up 74%.) Treat as a hold now.
Ben Stadelmann
Vice President, Contra the Heard
Price
$6.920
Owned
Yes
DON'T BUY
DON'T BUY
April 19, 2004
Has exceeded their old target price and have raised this. Wouldn't buy at this time.
Has exceeded their old target price and have raised this. Wouldn't buy at this time.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.460
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 9, 2004
(June 30/03. Up 43.7%.) Wouldn't buy at this stage. Management has changed focus and instead of expanding, they are contracting.
(June 30/03. Up 43.7%.) Wouldn't buy at this stage. Management has changed focus and instead of expanding, they are contracting.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.230
Owned
Yes
TOP PICK
TOP PICK
December 5, 2003
Just announced they are going to lay off 5% of their workforce. Will also be selling off some of their funeral homes. Have a fair bit of debt.
Just announced they are going to lay off 5% of their workforce. Will also be selling off some of their funeral homes. Have a fair bit of debt.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.850
Owned
Yes
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