Park Lawn Corp T.PLC.DB

Primary Symbol: T.PLC Alternate Symbol(s): PRRWF

Consumer Cyclical Personal Services

Park Lawn Corporation is engaged in providing goods and services associated with the disposition and memorialization of human remains. The Company and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Its primary products and services are cemetery lots, crypts, niches, monuments, caskets, urns and other merchandise, funeral services, after-life celebration services and cremation services. Its products and services are sold on a pre-planned basis or at the time of death. It has one stand-alone funeral home located in Durham, North Carolina; one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia; eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area; three stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario and more.

TSX:PLC - Post by User

Park Lawn Corp > TD

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Comment by retiredcfon Dec 28, 2022 10:27am

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Post# 35193434

RE:TD

More details. GLTA

Park Lawn Corp. (PLC-T) The death care services industry is going through a period of normalization following COVID-19, with industry at-need volumes moderating as COVID-19 related deaths subside. Additionally, pre-need cemetery sales activity is facing headwinds from an increasingly stretched consumer, particularly across the lower-income segment which is being disproportionately impacted by the broader inflationary environment. However, at the current valuation, we believe PLC shares have arguably more than priced in the near term challenging results. Additionally, the M&A environment continues to be very active, with COVID-19 related operating pressures and uncertain macro environment accelerating decisions by smaller players to entertain selling their businesses; PLC remains well capitalized with leverage at ~1.9x (excluding equity-settled debentures). Looking longer term, we continue to believe that PLC is laying the groundwork to capitalize on the favourable industry backdrop following the current normalization period (aging demographics, recession-resistant at-need demand, high barriers to entry).

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