Stewart Enterprises Still Not It's Own Customer

Stewart Enterprises (STEI) reported 4Q'12 results after the market closed yesterday (02012.12.17) and I think they had a solid quarter. From the press release.

During the fourth quarter of 2012, the Company repurchased 1.1 million shares of its Class A common stock for $8.3 million under its stock repurchase program.

STEI bought back 1.1 million shares at an average price per share of $7.54 per share. In addition, during FY'12 the company reduced the total number of shares by 3.5%.

STEI closed yesterday (02012.12.17) at $7.53. 52-week range: $4.92 - $8.65. According to Finance.Yahoo.com, the Short-Interest-Ratio (SIR) for STEI is a whopping 48.1.

Unless our financial situation dictates otherwise, the plan it to hold onto a small amount of STEI shares until either the company or I go belly up.