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Service Corporation International (SCI)
NYSE - Nasdaq Real Time Price. Currency in USD
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if you are thinking about covid as a reason to buy or not buy this stock... you are way off base. Covid has NOTHING to do with this stock or the long term health of this company. The U.S. death rate experienced significant growth between 2009-2019, before the pandemic occurred. Think about why. The answer is the growing population of seniors, hence, the increase in death rate. You have the largest generation/population in the history of our country coming into their senior years. The need to care for and service the deaths of an aging population is CERTAIN. Meaning people have no choice whether they are going to buy this product or not. It's manadatory at some point.
This is the kind of stock to own for ten or twenty years. People have said it before but I'll say it again: those who bought this stock for a COVID play are missing the point. When the boomers start to peel off, they'll want expensive funerals; like their gaudy McMansions, they'll want their corpses to be draped in fake flower wreaths and gilded in faux gold leaf. And who will be selling them that privilege at a suitably egregious price? Why, Service International, of course.
This company has a great financial position, their market position is impervious, and their sales base will only go up. Additionally, they've weathered some pretty tremendous scandals without flinching, "no skin off my nose!"
ceo of an indiana life insurance company told us that death rate among 18-64 up 40% in 4th quarter, much higher than one in 200 year event previously that was up 10%. He tried to smear it and confuse it all with the whole pandemic, but you smart investors know why.
Robert, can you please explain a little bit more in plain English for dummies like me exactly what you mean with the death rate. I'm betting on long term baby boomer funerals. thank you in advance
sci and csv... massive growth that will never go away
Hello fellow investors.
Almost one year ago I recommended SCI as an ongoing buy. ( see below )
At that time, share pricing was $48.52. SCI closed at $68.44 yesterday.
Death in America is a $15 billion a year industry. That includes funeral homes, crematoriums, and cemeteries, but excludes related costs such as headstones and crypts. It is expensive to die in the United States. The average cost of a funeral is almost $8,000, according to The National Funeral Directors Association.
I initially purchased shares of SCI at $17.56. Smart buy. Every astute investor ought to have exposure to the Death care industry. Nothing is more certain than death and SCI is the largest funeral company in the country, and a leader in Canada as well.
Roughly 4 million baby boomers are retiring every year in the U.S. (76M citizens born between 1946 and 1964) and this is to be expected through the end of the next decade.
In Canada, 425,000 Canadians retire each year and some 9.8 million Canadian baby boomers are already approaching retirement.
Indeed, the industry is a growing and highly profitable business.
Next month, SCI will increase it's dividend yield to 1.39%
I continue to buy more shares.
only in the 4th quarter. rate is going higher
The stock market is a forward looking mechanism, and the COVID pandemic is hopefully a onetime event. They seem to be forecasting a return to normal but increased growth by 2022 compared with 2019. The management team is communicating a responsible forecast to the street. We will enjoy the unfortunate bump in profit, but long term investors will stay long and strong with the demographic trend in place.
I understand that this isn't a stock to get excited about, but its dividend payout and buyback profile seems to be in order. Sales aren't going to grow exponentially (at least we hope so), but neither are they going to fall off the table. The dividend has been increasing year after year. So...a steady, slightly growing company, with decent prospects.
Sooner or later, the dead will need cremates/burial. If SCI, one of the major players in the US funerary industry can't find a way for their stock to capitalize on that, they need to do something else.
So what happens with all the meat in trailers at some point they have to bury it. Ashes to Ashes Dust to Dust the market plays games but its all about luck
SCI had a not so good 2020, up 6% for the year despite being given a strong buy rating by analysts. It had an almost 21% increase the previous 5 years.
Hmmm...don't get it. Stock was up before earnings call, which was actually pretty good. The dividend payout ratio is low, and the dividend keeps going up. It isn't a growth stock, but its solid. And its definitely not a tech stock. So is that the reason for the fade?
I purchased shares of SCI at $17.56. Smart buy. Every astute investor ought to have exposure to the Death care industry. Today, an average funeral costs over $8,000.
And oh, by the way, a reminder that death is life's partner. Nothing is more certain and SCI is the largest funeral company in the country..
I continue to buy more shares.
Good quarter. .72/share, and I imagine (sadly) since COVID is peaking that the next quarter will also be good. There will probably be a bump up in the dividend in March. The question is whether it would be .01 or .02.
Funerals can be traced back to the dawn of mankind. This is one event that will not go virtual. This is the dominant player in the funeral business and the higher ups will do anything to benefit shareholders. Love this company. Buy, buy, buy.
the stock you will all invest in. You can't stop death..
Funny how Cramer was saying SCI isn’t a buy at 40 either. Not in his portfolio. It can and probably will go much higher and still will be saying SCI isn’t a buy. I have been buying this stock for many years and it was and still is one of my best picks.
Small retail sellers today selling thinking this is a virus-related company and there are better stocks to own on the opening of the economy. With the restoration of some normalcy, SCI will benefit greatly as well and the virus has hurt more than helped it.
EPS of $1.33 vs consensus estimates of $0.99 AND increased guidance ! Wow! On top of an already outstanding stock buyback program. This company is the real deal folks. Just buy it and forget about it.
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