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