Thursday, July 5, 2012

Stewart Enterprises Gets a 'Buy' Rating

Stewart Enterprises (STEI) has been in the GDT::Portfolio since 11 September 02003 (i.e. almost nine years). Stewart Enterprises is in the death care industry. The following are two headlines seen on 3 July 02012.
+ Cemetery Stock Stewart Enterprises Back From the Dead (Minyanville)
+ Stewart Enterprises initiated with a Buy at UBS (theflyonthewall.com)

With respect to the Minyanville headline: I didn't know that Stewart Enterprises had been "dead."

STEI closed on 02012.07.03 at $7.40. 52-week range: $4.92 - $7.88.

There are approximately 86,720,000 STEI shares. The following is data mined from Yahoo! Finance.

+ % of Shares Held by All Insider and 5% Owners: 27%
+ % of Shares Held by Institutional & Mutual Fund Owners: 72%
+ % of Float Held by Institutional & Mutual Fund Owners: 99%

STEI short-interest-ratio is at ~29.2.

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