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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (5904)	1/31/1999 11:21:00 AM
From: Joe Dancy	Read Replies (1) \| Respond to of 78516

Barron's had a note on Service Corp this week on how they missed earnings, and I had lunch Friday with a senior Northern Trust investment strategist and he told me that the management made some misleading statements a few weeks or months ago in his opinion to calm fears - then the quarterly report just confirmed the fears and issues were a real problem. People were not happy. I don't follow, but he said I might look at it now as undervalued. I doubt I will, when management loses credibility it can hurt for years. Just my two cents. Joe

To: James Clarke who wrote (5904)	2/9/1999 1:08:00 PM
From: Bob Rudd	Read Replies (3) \| Respond to of 78516

Service Corp: The funeral industry has really taken a hit because of lower death rates...Like these folks are now immortal or something. Anyway, Jim you mentioned concerns about financials..possible accounting fraud. Could you expand and update on what you're seeing..because this bunch is lookin pretty appealing at these prices. Gabelli just filed a 13-d indicating 5+% stake in LWN...a significant contrarian play considering the vast majority of news announcements in the past month are class-action shareholder lawsuits.