Park Lawn Corp (PLC.TO) Buy, Sell or Hold

Park Lawn Corp (PLC.TO)

26.48

-0.01 (0.04%)

as of Aug 12, 2024, 8:00:00 pm Market Open.

161 watching

PARTIAL BUY

This cemetery business operator has a modest dividend but only a 28% payout ratio. Margins appear to be tightening. Earnings forecasts have been reduced in the last 90 days. It is a candidate for purchase. Yield 1.8%.

Wealthica Track your Stocks in your Watch List

TOP PICK

Cemeteries and funeral homes. They continue to execute well and have grown revenue at 75% in the last 4 or 5 years. They are expanding their margins. They recently just did a bought deal financing and so they are cashed up and can pay down debt ready for the next acquisition. (Analysts’ price target is $30.94)

TOP PICK

They are in the funeral business. They are buying smaller cemeteries and having success in the US. Generally is a slow growth name but are ramping up the growth by buying up companies. Is a defensive name. Yield = 1.66% (Analysts’ price target is $30.94)

BUY

Super demographics help them. Managers have made acqusitions in the U.S. to diversify outside Canada--he likes this. Very positive on this.

BUY

He should've bought it. The story is good, but it's not a slam dunk. A peer dropped the ball with their own acquisition strategy. As long as they allocate capital and acquire efficiently (decent returns), they will continue to do well.

PAST TOP PICK

(A Top Pick Dec 11/17, Up 14%) They have some funeral homes as well as cemeteries. They have expanded into the US via acquisitions. It is the only pure play in this sector. There are huge tailwinds demographically for the next 25-30 years. They have good margins. They are one of the few consolidators in the industry. He expects many years from now a huge player will acquire them. This is a good entry point.

WATCH

Solid managers who've been buying in Canada and are now expanding into the U.S. His concern is their high valuation vs. its peers in America. But after the recent correction, PLC looks better. He's looking closely at it. It's a stable sector with aging demographics in its favour. PLC is the only public player in Canada.

BUY

Cemeteries. It is a great company. If you think it will be acquired, it might, but they are also making acquisitions. It is a long term business with great demographics and fundamentals. They have not raised the dividend because they need the money.

Wealthica Track your Stocks in your Watch List

HOLD

The only publically traded cemetery and funeral service company. They have growth in Canada and the US by acquisition. It got a little ahead of itself. They finance acquisitions with equity but they are highly conservative. It is digesting acquisitions right now. There is organic growth from aging demographics. It will chug along nicely over the years.

HOLD

It has been moving into a more volatile period. A trend is in place. The highs and lows are progressing higher. It is on trend, consolidating and more volatile.

WATCH

This company operates cemetery and funeral homes in Canada and in Michigan. He did own this, but recent valuation caused them to sell. He sees it as a stable business with real estate in valuable markets.

TOP PICK

The only death care stock in Canada. It is solid from the demographics alone but they are also consolidating within the industry. He thinks they will eventually be sold to a larger player. They have a good land holding. (Analysts’ target: $24.88).

DON'T BUY

Ranks 267 out of 700 stocks, so is roughly in the top 3^rd. Not cheap, with EV to EBITDA at 17.5X trailing. That is against a fairly modest 5% year-over-year EBITDA growth. A fairly stable business. Earnings estimates are expected to grow from $.67 to $.87 in 2017. He would look at other opportunities for both growth and income.

BUY

It has been a great performer and is just digesting some acquisitions south of the border. He bought back in around $18. It is the only way to play the death care industry in Canada. There is great expansion potential on many of their properties. They are going to take a pause from big acquisitions and the upward trend should result over a few quarters.

DON'T BUY

It has good price momentum and a reasonable valuation. It scores in the top 20% on stability. It is a little expensive at 28 times earnings and it missed on the last quarter. The balance sheet is fine.

Showing 61 to 75 of 86 entries

Most Recent Experts

Kim Bolton

Black Swan Dexteritas

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Barry Schwartz

Baskin Wealth Management

Jim Cramer - Mad Money

CNBC

Larry Berman CFA, CMT, CTA

ETF Capital Management Inc.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Park Lawn Corp (PLC.TO)