Pick up shares of Service Corporation International (SCI)
Today's Financial News - Posted January 2, 2009
This death services company is ripe for investing. Consider it a “reality play”.
by Laura Cadden, TodaysFinancialNews.com
Baltimore — (TFN): Back in February, I encouraged subscribers to invest long-term in Stewart Enterprises, Inc. (NASDAQ:STEI).
I wrote, “In just 5 years, the first baby-boomers will begin turning 65. Each and every day, from 2011 until 2020, 10,000 more Americans will pass that threshold. Medical advances gallantly prolong lives, but with an aging demographic of that proportion imminent — let’s face it — death care services are a good long-term investment.” You can read the full article here.
I stand by that reasoning — death is the ultimate reality. Why not make money off of it?
Stewart Enterprises rose over 40% in the past year on news of a potential buyout, just to plummet in October when Service Corporation International (NYSE:SCI) decided they didn’t want the company at the asking price.
I’ve recommended folks hold onto their shares of Stewart — as a long-term investment and because it may still get bought out by SCI.
My intention had been to hold onto Stewart until the buyout, then purchase shares of SCI.
But with SCI’s stock price below $5.50, why wait?
I recommend you buy shares of Service Corporation International (NYSE:SCI) at or under $5.50 and hold on for double-digit gains.
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