BUZZ-Dignity PLC: earnings pressure

After an 8 month round-trip, shares of funeral services firm Dignity PLC (LSE: DTY.L - news) are back where they were last July and might be poised for another dip lower.

** While revenue forecasts are moving up slightly, the 2014 mean EPS estimate is down by 2.4% over the past month.

** Not a widely covered stock but of the group of brokers 2 buys, 4 holds and no sells on the stock.

** Yet, according to FCA short-selling disclosure data shows Odey Asset Management still holding a 2.4% short position in the stock from late last year. Stock is up 8.3% since.

** Current P/E valuations rest well above 1-std deviation from the 5-year mean. http://link.reuters.com/ted97v

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