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Loewen Group is in the funeral home business, owning 945 in the U.S., 142 in Canada and a handful more elsewhere. It owns 510 cemeteries and 5 insurance subsidiaries. Insiders have been buying the stock all the way down from the mid thirties. Its traded between 20 and 40 for the past 5 years until a few months ago when its been buried with the rest of the market. The CEO and founder has resigned and they've hired some investment bankers to increase shareholder value. They declined an offer to be bought out a couple of years ago for 40 a share[its under 10 today]. Anyone have any dealings with this company or any other useful insight would be appreciated. Todd Bishop |
