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Ann: Funeral Market Update, page-22

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TaterzPrecious

62 Posts.

4

18/12/18

14:18

Post #: 36894461
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Originally posted by Barney07: ↑

Brokers (except Morningstar) have never liked this stock. Perhaps because it is a pure value play and that investment model has been on the nose for a couple of years. I personally believe a lot of analysts focus too much on the short-term profit\ebit factors which are going to be affected by the capital expenditure for the Protect & Grow\Regional Acquisition strategy. I would have thought a company investing in its business to both protect its 25% market-share and grow it to a target range of 40% should be commended. As long as Revenues continue to grow, along with the increase in the pre-paid funeral "float" then I am comfortable. It is by some measure my largest holding.

Morningstar have a fair-value price of $16. 7 other brokers have a price range between $10.40 and $12.80. Morningstar have always had a "value" bent when analysing companies. Will be interesting to see who is right

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Speaking of Morningstar, it looks like IVC have hit the 5-star price recommendation of $11.20.

Starting to look like something worth digging a bit deeper into now.

IVC Price at posting: $11.08 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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