Sunday, November 11, 2012

Stewart Enterprises Stock is Dying, Yet the Company Lives

Stewart Enterprises (STEI) closed last week (Friday, 02012.11.09) at $7.14. 52-week range: $4.92 - $8.65. STEI is selling well below its 52-week high, yet it has a SIR (Short-Interest-Ratio) of 46.1. On 1 November 02012, there was some insider buying at $7.77. I agree with this Forbes.com headline seen on 02012.11.07: "Top Ranked Dividend Stock STEI Enters Oversold Territory".

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