Mohsin Bashir
Matthews International
MATW-Q
TOP PICK
Jul 18, 2014
One of the most important key suppliers to the death care industry, in supplying caskets and cremation equipment to funeral homes. Own 70% market share in bronze and granite memorials. In the US there are a higher number of people that are opting for cremation, about 36%, which is forecasted to grow to about 56% in 10 years. Yield of 1.03%.
Stockchase Research Editor: Michael O'Reilly MATW provides end of life and mortuary services. Recent earnings resulted in a record cash generating flow for the company, which allowed a $100 million reduction in debt. It trades at 9x earnings as earnings are expected to grow over 5% next year. It pays a good dividend that has increased for 22 consecutive years. We would buy this with a stop-loss at $22.00, looking to achieve $45 – 54% upside. Yield 3.04% (Analysts’ price target is $45.00)
(A Top Pick Nov 24/20, Up 29%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MATW is progressing well. We are recommending to trail up the stop to $36. This would all but ensure a minimum investment return exceeding 21%.
(A Top Pick Nov 24/20, Up 21.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MATW has triggered our stop at $36. We recommend covering the position at this time. This will result in an investment return exceeding 21%.
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One of the most important key suppliers to the death care industry, in supplying caskets and cremation equipment to funeral homes. Own 70% market share in bronze and granite memorials. In the US there are a higher number of people that are opting for cremation, about 36%, which is forecasted to grow to about 56% in 10 years. Yield of 1.03%.