Stockchase Opinions

Barry Schwartz Arbor Memorial Services Inc. ABO.B-T PAST TOP PICK Nov 10, 2009

(A Top Pick Sept 29/09. Up 4.2%.) Cheap. Still Buy.
$23.100

Stock price when the opinion was issued

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(Top Pick Sep 29’09 Up 7%) Still trading at discount to EPS. Not a lot of volume but an interesting one to hold for the long term.
PAST TOP PICK
(Top Pick Sep 29/09, Up 10%) Death is a pretty good business, unfortunately. Good margins, raised dividend 600% in 2009. Good balance sheet. Feels it could higher. It trades by appointment (do limit order), doesn’t trade every day.
PAST TOP PICK
(A Top Pick Sept 29/09. Up 14.77%.) Funeral homes. Great balance sheet. Smart management. Nice dividend. Looking for this stock to go a lot higher.
PAST TOP PICK
(Top Pick Sep 29/09, Up 19%) Will have a really good quarter because of purchases before HST in Ontario. They are in good shape. Demographics in Canada bode very well for them. Good long-term play. Keep raising the dividend.
PAST TOP PICK
(Top Pick Sep 20/09, Up 17%) Fabulous quarter with introduction of HST and people bought plots before HST. Thinly traded – no market orders.
TOP PICK
Grown it’s earnings about 40% over the last 4 years and stock has gone nowhere. Deep discount to NAV. Buying more funeral homes and expanding their cemeteries. Expect to see earnings $3 by 2013, which puts it in the $40 range.
BUY
Canadian funeral/cemetery company. Stable business in a volatile period of the market. Very cheap.
PAST TOP PICK
(A Top Pick April 11/11. Down 5.98%.) Funeral business is a good business based on changing demographics in Canada. It is a long-term, very well run company. He sees more growth coming.
COMMENT

(Market Call Minute.) If you bought it, it would be mostly because of the dividend. Very well managed. Thinks that Stewart Enterprises (STEI-Q) is more interesting.