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To: Paul van Wijk who wrote (25216)12/15/1997 6:34:00 PM
From: McNabb Brothers  Respond to of 176387
 
Paul,

Yes I am very proud of our funeral home business, but I believe if I could get what other companies are bringing or like I said just 1/20 of what AOL is selling for we would have to sell! We do like it for it's earnings and cash flow, but it is not worth 30 or more times earnings! You should not buy it at that price for you could not pay it off, and that is what I'm saying about the stock market! If one had to buy the whole company as they are priced, most companies today would not pay for them selves! You see Paul, even though the business has been in the family since 1926 when my grand parents found it and my brother has a son that is thinking about coming back and I have a son that someday may want to work here, we are not so much in love with it that we will not hold it for the pride and name! If one is going to be an investor he or she has to be willing to have a very open mind and not be in love with a position short or long! If we could get what most public companies are trading for there would be no question what we would do, but most big firms such as SRV and STEI, and LWN only are willing to give 5 or 6 times earnings, and we know for they call us very often!

Thanks for the E-Mail and I will get back with you!

Hank