Finance

Seeking Alpha feature article rates Service Corporation a “Buy”

Foundation Partners why I partnered

According to this press release from Service Corporation International (SCI) the company is scheduled to announce the financial results of their 2nd Quarter of 2022 on Tuesday, August 2.  Prior to that however, last week author Daniel Jones of Seeking Alpha penned an opinion article on the company and rated the company a “Buy” in his opinion.

Here’s what he said in conclusion of that article, “Based on the data provided, it looks to me as though Service Corporation International is still a pretty healthy company. Sales continue to grow but it does look like profitability will be an issue this year. But that doesn’t change the fact that it’s a quality operator that is set up for long-term success. Ultimately, I don’t think the firm would be a bad prospect for long-term investors, leading to my decision to retain my ‘buy’ rating on the business.”

In the Seeking Alpha article that you can access here, Jones gives more reasoning as to why he takes the position that he does.

Related:  As we move into the 2nd Quarter of 2022 public company earnings reports coming out soon you can count on Funeral Director Daily to give your the results and our opinions on what may be happening in the realm of public companies associated with the death care profession.  Here’s the dates that companies in the North American public death care realm have noticed their reports going public:

  • Carriage Services – July 26
  • Service Corporation International – July 27
  • Matthews International – July 28
  • Hillenbrand Industries – August 8
  • StoneMor – August 9
  • Park Lawn Corporation – August 11
  • Security National Financial Corporation – August 15

Disclaimer:  The author of this Funeral Director Daily article holds a stock position in Service Corporation International.

Interesting information for the day. . . .put this under “My how times change”.  I just happened to come across a report from the Nielsen Group that does television ratings.  I found it interesting that last month was the highest percentage of television watchers using the streaming method of content delivery in U.S. history (this number will continue to grow). . . .  According to Nielsen, last month 33.7% of watchers used streaming to get their content compared to 35.1% that received their content via cable. . . . And, 22.4% still use old Broadcast signals to receive their feed.  Finally, at any given time, 8.8% of those using television monitors are doing so for internet gaming.

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