Q2 Results Bode Well for Stewart Enterprises

Jun.11.08 | About: Stewart Enterprises, (STEI)

Back on February 28 of this year, I recommended Stewart Enterprises, Inc. (NASDAQ:STEI) to TFN readers as a long-term hold. Check out my initial research report here.

Slowly but surely, we’ve seen our stock value increase about 5% for this national supplier of “death care services”.

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Second Fiscal Quarter Results Bode Well for Stewart Enterprises Inc. (STEI:NASDAQ)

Yesterday the company announced that as of April 30, 2008, it has seen a 13% increase in adjusted net earnings, and 25% increase in earnings per share, as compared to the same period 2007.

I recommend you continue to hold on to Stewart Enterprises with a target sell price of $10 a share.

Disclosure: nbone