Blog > US Stocks and Markets > Blog article: Stewart Enterprises (STEI) is up 44%: Laura Cadden sees profits in dead people
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Stewart Enterprises (STEI) is up 44%: Laura Cadden sees profits in dead people

Posted August 8, 2008

Stewart Enterprises, Inc. (STEI:NASDAQ) has been rapidly approaching Laura’s initial price target of $10, trading in the $9.17 to $9.29 range today. We’re up around 43%.

by J. Christoph Amberger

Baltimore — (TFN): Back on February 28 of this year, Smart Trading’s Laura Cadden recommended Stewart Enterprises, Inc. (STEI:NASDAQ) to TFN readers as a long-term hold. (Check out her initial research report here.) We last updated you on the company on June 19: “Second Fiscal Quarter Results Bode Well for Stewart Enterprises Inc. (STEI:NASDAQ)”

With two buyout offers on the table, one for $11 a share, STEI has been rapidly approaching Laura’s initial price target of $10, trading in the $9.17 to $9.29 range today. We’re up around 43%.

“Ten would give us an even 50%,” Laura said, waitching her monitor. “I like that.”

What’s not to like about 40%-plus profits on the table. When asked about a stock loss, her answer was unequivocal: “Stop-loss, schmop-loss. Not a concern. Not with the buyouts on the table.”

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Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

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