Chairman of the Board of Service Corp. International (SCI) R L Waltrip sells 104,882 shares of SCI on 09/08/2009 at an average price of $7.1 a share.

Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company's funeral service locations cemeteries and related businesses. The financial services operations represent a combination of the Company'sinsurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary which previously provided capital financing for independent funeral home and cemetery operations. Service Corp. International has a market cap of $1.78 billion; its shares were traded at around $7.08 with a P/E ratio of 17.3 and P/S ratio of 0.8. The dividend yield of Service Corp. International stocks is 2.3%. Service Corp. International had an annual average earning growth of 18.7% over the past 5 years.

SCI is in the portfolios of Mason Hawkins of Southeastern Asset Management, George Soros of Soros Fund Management LLC.

Recent Trades of Service Corp. International by CFO:

• Sell: Sr. VP, CFO and Treasurer Eric D Tanzberger sold 100,000 shares of SCI stock on 09/02/2009 at the average price of $6.95; the price of the stock has increased by 1.87% since.

Recent Trades of Service Corp. International by Directors and Officers:

• Sell: Chairman of the Board R L Waltrip sold 272,205 shares of SCI stock on 09/03/2009 at the average price of $7.11; the price of the stock has decreased by 0.42% since.


• Sell: Chairman of the Board R L Waltrip sold 70,581 more shares of SCI stock on 09/01/2009 at the average price of $7.12; the price of the stock has decreased by 0.56% since.


• Sell: Chairman of the Board R L Waltrip sold 240,603 more shares of SCI stock on 08/31/2009 at the average price of $7.2; the price of the stock has decreased by 1.67% since.


• Sell: Sr. VP Middle Mkt Operations Stephen M Mack sold 2,200 shares of SCI stock on 08/26/2009 at the average price of $7.51; the price of the stock has decreased by 5.73% since.


• Sell: Sr. VP Middle Mkt Operations Stephen M Mack sold 193,000 more shares of SCI stock on 08/25/2009 at the average price of $7.52; the price of the stock has decreased by 5.85% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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