Park Lawn Corp

PLC-T

Analysis and Opinions about PLC-T

Signal
Opinion
Expert
BUY
BUY
February 12, 2016

Cemeteries. Price momentum on this is decent. A little too small for him. Good balance sheet and pays a 4% dividend yield. ROE’s are decent at 14%, and it is a nice, stable stock. He would feel comfortable holding this.

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Park Lawn Corp (PLC-T)
February 12, 2016

Cemeteries. Price momentum on this is decent. A little too small for him. Good balance sheet and pays a 4% dividend yield. ROE’s are decent at 14%, and it is a nice, stable stock. He would feel comfortable holding this.

PAST TOP PICK
PAST TOP PICK
December 17, 2015

(Top Pick Dec 16/14, down 0.06%) A dividend of almost 4%. It meets all the requirements: High barriers to entry; High margins; Great demographic tail winds; Very well managed; Huge growth – they just built another mausoleum in New Westminster and expanding another. Free cash flow is growing along with revenues. They have 100 years of capacity. They just announced a huge acquisition in the US. They are still acquiring funeral homes and paying low multiples because they are the only ones looking at them. It is a great entry point.

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Park Lawn Corp (PLC-T)
December 17, 2015

(Top Pick Dec 16/14, down 0.06%) A dividend of almost 4%. It meets all the requirements: High barriers to entry; High margins; Great demographic tail winds; Very well managed; Huge growth – they just built another mausoleum in New Westminster and expanding another. Free cash flow is growing along with revenues. They have 100 years of capacity. They just announced a huge acquisition in the US. They are still acquiring funeral homes and paying low multiples because they are the only ones looking at them. It is a great entry point.

DON'T BUY
DON'T BUY
September 3, 2015

This is more of a cemetery focused company and hasn’t had a significant presence in the funeral side, which is probably the better part of that industry. Trading at a fairly rich valuation multiple. He would prefer Service Corp (SCI-N) instead.

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Park Lawn Corp (PLC-T)
September 3, 2015

This is more of a cemetery focused company and hasn’t had a significant presence in the funeral side, which is probably the better part of that industry. Trading at a fairly rich valuation multiple. He would prefer Service Corp (SCI-N) instead.

HOLD
HOLD
August 12, 2015

Parklawn Cementery. (PLC-V) He owns this stock and covers it. Pays a nice dividend. It has held up quite well in this market. They have had some growth.

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Park Lawn Corp (PLC-T)
August 12, 2015

Parklawn Cementery. (PLC-V) He owns this stock and covers it. Pays a nice dividend. It has held up quite well in this market. They have had some growth.

WATCH
WATCH
June 12, 2015

This is a pretty good business. He really likes the industry. It has favourable demographics and is a consolidating industry. Very steady cash flow. This is a little more weighted to the cemetery side and less to the funeral business. He tends to like the economics of the funeral side a little more. Not particularly cheap, and at a more modest valuation level, he would probably look a little more closely at it.

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This is a pretty good business. He really likes the industry. It has favourable demographics and is a consolidating industry. Very steady cash flow. This is a little more weighted to the cemetery side and less to the funeral business. He tends to like the economics of the funeral side a little more. Not particularly cheap, and at a more modest valuation level, he would probably look a little more closely at it.

COMMENT
COMMENT
June 2, 2015

A cemetery operator with an aggressive plan to consolidate the industry. Has seen these businesses grow like this in the past. Acquiring more cemeteries and also building a new mausoleum in Toronto. Economics look pretty attractive. Not dirt cheap, but if you can pick away at it. Pays a dividend. Once they start doing mergers and acquisitions, there will be more excitement about the stock. Dividend yield of 3.5%.

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A cemetery operator with an aggressive plan to consolidate the industry. Has seen these businesses grow like this in the past. Acquiring more cemeteries and also building a new mausoleum in Toronto. Economics look pretty attractive. Not dirt cheap, but if you can pick away at it. Pays a dividend. Once they start doing mergers and acquisitions, there will be more excitement about the stock. Dividend yield of 3.5%.

TOP PICK
TOP PICK
December 16, 2014

Only publicly traded company in this industry. 40 years capacity in cemeteries. Great dividend yield. Great way to play demographics.

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Park Lawn Corp (PLC-T)
December 16, 2014

Only publicly traded company in this industry. 40 years capacity in cemeteries. Great dividend yield. Great way to play demographics.

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