CA - Carriage Services: Funeral Home Consolidator Goes Unnoticed In Rapidly Changing Market

2024-07-02 07:20:04 ET

Summary

• Carriage is undervalued due to at-a-glance impressions of high leverage and a one-time decline in revenue.
• At a closer look, the Company's debt has favorable terms and is being paid down in large amounts with excess cash flow.
• Industry experts support CSV's potential and valuation, with a private valuation indicating the stock price should be almost double the current price.
• Carriage's primary competitor was just acquired at a 62% premium, opening the door for a similar acquisition for Carriage.

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