On watch, page-15

Sorry, wrong format above. Here it is again:

@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