Stewart Enterprises Inc. said recently its board of directors approved a $25 million increase to the funeral company's stock buyback program.

The program is now up to $75 million, under which $29.1 million is still available. Stewart has already bought back about 6.3 million shares at an average price of $7.32 apiece.

The company has about 92.8 million common shares outstanding.

recession proof

Well it was created by a Labor Union and who is one of the most famous Union Presidents...Jimmy Hoffa....and if they ever find him he may be needing this leader in it's "field" company. Good last Qtr.

Service Corporation International provides funeral and cemetery services primarily in North America and Germany. Its funeral service and cemetery operations include funeral service locations, cemeteries, crematoria, and related activities. The company's funeral service locations provide various professional services relating to funerals, including use of funeral facilities and motor vehicles, and preparation and embalming services, as well as sell funeral related merchandise, such as caskets, burial vaults, cremation receptacles, flowers, burial garments, and other ancillary products

#1in sector rising rs line
rs 98%
bot on pullback

Louisiana-based Stewart Enterprises provides funeral and cemetery-related services in the U.S. and Puerto Rico. Last month, the company delivered a 38% rise in first-quarter profit and a 5% increase in sales. Its after-tax margin climbed to 9.1%, the highest in seven quarters.

funeral homes and cemeteries

For the three months ended Jan. 31, earnings increased to $11.9 million, or 11 cents per share, from $8.4 million, or 8 cents per share, in the year-earlier quarter.

long term growth - generational play

Cash flow from operations is better than return on assets