Investor, columnist and Stockpickr.com founder James Altucher was just on CNBC talking up some ideas from his new book "The Forever Portfolio: How to Pick Stocks That You Can Hold for the Long Run" (Portfolio).
He was talking about buys in the death industry, specifically Service Corporation International (SCI) which is the closest thing there is to a funereal conglomerate. Altucher's basic premise (as with most of his picks in the book) is demographics. Basically, boomers are getting older and as they age demand for the services SCI provides will rise.
That's not the interesting part though. This is: You can actually buy a coffin at Costco.
That's right. Six pounds of shrimp, a pallet of toilet paper, and a reasonably priced eternal resting place all for a low annual membership fee.
Here's the link.
Joe of CA @ Aug 12, 2009 20:27:23 PM
California Director of CA @ Jul 18, 2009 20:50:29 PM
Steve Thompson of NY @ Jan 10, 2009 09:31:00 AM