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Non-Tech
Stewart Enterprises (STEI) dirt cheap?

An SI Board Since November 1999

Posts	SubjectMarks	Bans
9	2	0

Emcee: wolfgangl	Type: Unmoderated

Introduction Compact

How bad are STEI's outlooks really? It has consolidated from $29.00 in early 1998 to $3.81 on 22nd of October.

And this despite of very good numbers and the fact that this company seems to gain market share constantly:

biz.yahoo.com

All experts in the field of funeral services speak out please!

The following cautious view seems preempted already:

NEW YORK, Nov 2 - Standard & Poor's today revised its outlook on Stewart Enterprises Inc. to negative from stable.

The triple-'B' corporate credit rating, senior unsecured debt, and bank loan ratings are affirmed.

The ratings on Stewart Enterprises reflect the company's position as the third-largest provider of funeral services in a consolidating industry, offset by a moderately
leveraged capital structure.

New Orleans, La.-based Stewart Enterprises has acquired funeral homes and cemeteries worldwide to build its position in a fragmented field. Although the company
accounts for a small part of the total industry, it gains economies of scale through its clustering strategy in which existing operations in the same geographic area share
services, personnel, and equipment, providing advantages over small independent operators.

Aggressive investment spending has built Stewart Enterprises' business to 633 funeral service locations and 157 cemeteries. From its base in North America, the
company has expanded its presence into Europe, the Pacific Rim, and South America. Stewart Enterprises' premier facilities, combination of funeral homes with
cemeteries clustered in regional markets, and unique industry characteristics should enable the company to continue generating steady cash flow.

Despite industry-wide pressure on volume and prices, Stewart Enterprises has been able to maintain strong margins. Standard & Poor's expects the company to
maintain funds from operations to debt (adjusted for operating leases) at about 20%.

OUTLOOK: NEGATIVE

The outlook revision reflects Standard & Poor's increased concern that limited volume growth, reduced pricing flexibility, and higher operating costs could negatively
impact the rating within the next few years.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
9	Bald, I have continued to buy in the low 2's, adding about 5K shares total.	Cooters	-	10/26/2000
8	I wonder if we can bring this board back to life?!	Bald Eagle	-	10/26/2000
7	Well, it sure looks dirt cheap to me now! I just bought some at 2 3/32.	Bald Eagle	-	10/26/2000
6	I was an owner of STEI from about 1993 to 1998, plus a little bit I still have.	Cooters	-	9/7/2000
5	I am looking strong at this chart. My indicators show a break out shortly. : ))	lcbawcom	-	7/29/2000
4	RE:Looks like it's trying to break out. Looks like it didn't! I was tal	Bald Eagle	-	7/24/2000
3	What I really wanna' know...is what happens when you adD and "N".	Chartgod	-	6/9/2000
2	When does STEI announce next quarter's earnings? Isn't it next week som	Luke	-	12/3/1999
1	Looks like it's trying to break out.	Mel Long	-	11/27/1999

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