Park Lawn Corp

PLC-T

Analysis and Opinions about PLC-T

Signal
Opinion
Expert
BUY
BUY
January 21, 2019
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.
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Park Lawn Corp (PLC-T)
January 21, 2019
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
PAST TOP PICK
December 3, 2018
(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.
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Park Lawn Corp (PLC-T)
December 3, 2018
(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
WATCH
November 19, 2018
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.
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Park Lawn Corp (PLC-T)
November 19, 2018
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
BUY
August 27, 2018

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.

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Park Lawn Corp (PLC-T)
August 27, 2018

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.

HOLD
HOLD
June 14, 2018

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.

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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
HOLD
April 2, 2018

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.

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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
WATCH
March 28, 2018

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.

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Park Lawn Corp (PLC-T)
March 28, 2018

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
TOP PICK
December 11, 2017

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).

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Park Lawn Corp (PLC-T)
December 11, 2017

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
DON'T BUY
October 6, 2017

Ranks 267 out of 700 stocks, so is roughly in the top 3rd. 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.

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Park Lawn Corp (PLC-T)
October 6, 2017

Ranks 267 out of 700 stocks, so is roughly in the top 3rd. 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
BUY
September 25, 2017

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.

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Park Lawn Corp (PLC-T)
September 25, 2017

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
DON'T BUY
August 23, 2017

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.

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Park Lawn Corp (PLC-T)
August 23, 2017

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.

HOLD
HOLD
July 27, 2017

Business is not going anywhere. They have made a number of acquisitions in Canada and the US. It is a sable, predictable business. You may see a takeout over the next several years.

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Business is not going anywhere. They have made a number of acquisitions in Canada and the US. It is a sable, predictable business. You may see a takeout over the next several years.

BUY WEAKNESS
BUY WEAKNESS
March 22, 2017

The only publicly traded company in Canada where you can invest in the funeral and cemetery business. Cemeteries are very valuable assets, because it is very difficult to get new permits. This company is also able to build mausoleums on their grounds, so they have a huge future revenue stream coming. A very well-managed company. A little expensive, but that is because of the scarcity value. You buy this on weakness, and just put it away.

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Park Lawn Corp (PLC-T)
March 22, 2017

The only publicly traded company in Canada where you can invest in the funeral and cemetery business. Cemeteries are very valuable assets, because it is very difficult to get new permits. This company is also able to build mausoleums on their grounds, so they have a huge future revenue stream coming. A very well-managed company. A little expensive, but that is because of the scarcity value. You buy this on weakness, and just put it away.

BUY
BUY
September 22, 2016

They have huge spare capacities. Nice dividend. He sees a lot of growth ahead of them.

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Park Lawn Corp (PLC-T)
September 22, 2016

They have huge spare capacities. Nice dividend. He sees a lot of growth ahead of them.

TOP PICK
TOP PICK
July 18, 2016

A consolidator in the funeral home business. They are not doing this via debt. They use equity rather than debt. 3.25% yield. He still sees upside on this one.

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A consolidator in the funeral home business. They are not doing this via debt. They use equity rather than debt. 3.25% yield. He still sees upside on this one.

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