Jim Cramer of CNBC Show “Mad Money” Says No to SCI Stock

December 3, 2009
Advertisement

imageTuesday Cramer received a rather macabre trading idea from one viewer:

“In 2010, the estate tax will be completely eliminated. However in 2011, the estate tax will jump back up to 55%. With that much money on the line I am willing to bet that greed will be responsible for an abnormal number of deaths in 2010 ? I know it sounds awful, but what do you think about Service Corp. International (SCI), the funeral services firm.

Read Cramer’s response below.

Advertisement

Cramer responded that he researched a similar scenario the last time the estate tax laws were changed, found that there was not an unusual increase in the death rate among the affluent and didn’t see a reason to buy Service Corp. “I?m not buying the Service Corp. thesis. Because I?m probably the only person in America who?s done that study.?

Source: Seeking Alpha

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

Funeral Cribs Episode 5 – Sunset Memorial Park, Alabama
News
403 views
News
403 views

Funeral Cribs Episode 5 – Sunset Memorial Park, Alabama

CDFuneralNews - January 18, 2018

The Sunset Memorial Park Funeral Home has had one major goal in mind from the time it started until now,…

Blog Archives Decedent’s Final Tweets… And They are Heartbreaking
Humor
380 views
Humor
380 views

Blog Archives Decedent’s Final Tweets… And They are Heartbreaking

Justin Crowe - January 16, 2018

The digital age has created some fascinating unprecedented scenarios concerning legacy. Facebook chronicles our lives, so when my kids are…

5 Ways to Build Your Business
News
176 views
News
176 views

5 Ways to Build Your Business

CDFuneralNews - January 16, 2018

Ask a business in this industry what differentiates them from their competitor and the answer is usually “service.” But to…

Comments