INVOCARE LIMITED (ASX:IVC) - On watch, 26460384, page-14 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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12/08/17

18:41

Post #: 26460384
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Originally posted by Skol ↑

I take a longer term view with IVC, dying isn't going to stop anytime soon. It's taken a couple of hits in the past but recovered. What do they say? - "history repeats itself all the time in the markets."

Might have been Jesse Livermore, the boy plunger, said that.

@Skol

You're right, dying isn't going to stop anytime soon, but how much one wants to spend on a funeral is not independent of the consumer cycle; therefore, there is a discretionary component to this business that should not be underestimated.

Also, the Company has nearly 500mA$ of prepaid funds under management, invested into a broad range of marketable securities; hence, a 10% drop in value of those funds can wipe out a whole year of underlying profit.

I think there are still good reasons to like IVC, and I too was a shareholder until not long ago, but their business is not exactly "sure as death".

IMHO, DYOR and GLTAH

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IVC Price at posting: $13.87 Sentiment: Hold Disclosure: Not Held
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