Brian Madden Service Corp International SCI-N TOP PICK Apr 11, 2024

(A Top Pick Aug 17/16. Up 34.4%.) A very boring, steady business that is probably going to improve over time. A really well run business and he likes management. Felt it became fully priced, and would look for a better entry price.

He likes the industry because it is a good, predictable business. Demographics are leading to increases in volumes. It pays a dividend. There is a secular trend in the industry.

This funeral company is in a fragmented sector, yet there is good growth opportunity given current demographics. The stock is up 19% over the year, so he feels the stock needs to grow into this current valuation and it won’t happen overnight.

May be able to ramp up M&A a bit. Many died before their time during Covid, then there was a lull, and now getting back to normal averages. Benefits from scale and operating efficiencies as it makes acquisitions. Dominant position.