So far the market has acted as I predicted today morning. Buying weakness , gap down, panics pays most of the time. There are some interesting cross currents. Gold is down, dollar is up, oil is down, funeral services stock (SCI)is up.
Service Corporation International (SCI) is a provider of deathcare products and services, with a network of funeral homes and cemeteries. At December 31, 2005, the Company operated 1,058 funeral service locations, 358 cemeteries and 130 crematoria throughout North America. SCI also owns a 25% equity interest in AKH Luxco, S.C.A., known as Pompes Funebres Generales (PFG), a provider of funeral services in France. The Company's wholly owned subsidiary, Kenyon International Emergency Services, specializes in providing disaster management services in mass fatality incidents. SCI also owns funeral homes in Germany and Singapore.
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