Ann: Funeral Market Update, page-27

Break below $11 on increasing volume is quite bearish. Market looking for another downgrade to finish off the FY. Weaker FY18 makes for an easier FY19 if P&G is on track. Timeline misses are a drag but I wonder how that custom SAP implementation is going. These are always risky and costly when not done well. IVC running a tight line on funding/CF to pull it all off and wonder if the limit is hit with acquisitions drying up. Late 2Q19 or 2H19 will be the time to buy still me thinks. Till then probably got a little short left in it.