Carriage Services called “An under appreciated performer in the Death Care industry”

Foundation Partners why I partnered

Seeking Alpha recently penned an article about death care public company Carriage Services entitled, “An Under Appreciated Performer in the Death Care Industry”.  You can access that article here.

Here’s a few quotes from the article:

  • Carriage Services operates in the attractive death care industry, operating 171 funeral homes and 32 cemeteries in the United States. 
  • The industry is attractive, although it is still extremely fragmented
  • The business generates significant cash flow and returns on equity currently exceed 20%.
  • Its (Carriage Services) approach is somewhat unique and deeply informed by its co-founder Mr.  (Mel) Payne.  Payne himself is a proponent of value investing when it comes to capital allocation and also has endeavored to follow in the footsteps of Berkshire Hathaway when it comes to running a decentralized operation. 
  • The company has also demonstrated a willingness to allocate capital to the highest returns, whether that is share repurchases, internal investment, or acquisitions.

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