Service Corporation International (SCI) is the largest owner of deathcare businesses comprising funeral homes, cemeteries, and crematories in North America.
SCI stock has previously seen a boom and bust cycle. In 1998 SCI’s stock reached $40 per share (the old stock ticker then was SRV until 2004) as investors bid the price up. The baby boomer population peaked in 1999. A year later the stock sunk to less than $1.70. In its annual report SCI describes what happened:
“During the mid to late 1990s, acquisitions of deathcare facilities became extremely competitive, resulting