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FAMILY MEMORIALS INC. V.FAM

"Family Memorials Inc is operating in the death care industry. The principal business activity includes retailing monuments and memorials through its wholly-owned subsidiaries and with agency and sales agreements with funeral homes. The corporation operates in western Canada and southern Ontario."


TSXV:FAM - Post by User

Post by Panther10on Dec 11, 2014 9:48am
140 Views
Post# 23218767

Record Profits Continue

Record Profits ContinueI predicted this past June that Family would do well due to the Remco acquisition. They actually exceeded my expectations with a 1.0 and 1.25 million EBIDTA for the 2nd and 3rd quarters. Some critics have tried to play with the numbers ( mostly using the cost of financing Remco). No one in their right mind can deny that this company has broken out in a good direction. I suspect it will be very soon that institutional investors will get involved due to their present performance and future prospects. We should see a nice surge of activity in the new year after all the tax loss selling is over. I am still a little perplexed as to why others are not responding well to this recent news- although from what I read on this forum, it should come as no surprise. Hope to hear any sensible comments from others who may be following this story. Cheers....
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