CSV - Carriage Services: An Under-Appreciated Performer In The Death Care Industry
- Carriage Services is a leader in the U.S. death care industry, with about $350 million in annual revenues and a $730 million market capitalization.
- Like many quality companies whose quality is likely to prove durable, it is easy for investors to underestimate Carriage's terminal value and assume lower than likely growth in future years.
- Shares look extremely attractive at only 14x this year's and 13x next year's earnings and with share repurchases likely to accelerate in coming quarters.
- Shares are worth ~$60 compared to a recent share price close to $40.
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Carriage Services: An Under-Appreciated Performer In The Death Care Industry