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Member
Invocare (IVC) - slow and steady funeral business
Invocare has funeral homes, crematoria and cemeteries in Australia and Singapore and has been growing steadily, predominantly through acquisitions. Recently, it has acquired the market leader in NZ-Bledisloe.
Some figures (approx)-
Shares-100m ($7.41)
ROE-40%
Operating margin - 20%
Net profit margin - 15%
Div yield - 3-4% (80% payout ratio)
PE - 20
I would be keen to hear from other posters about this company. It looks good to me, although slightly expensive.
Last edited by RRR; 11-12-2010 at 05:49 PM.
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