FAMILY MEMORIALS INC. V.FAM

Consumer Cyclical Personal Services

"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

FAMILY MEMORIALS INC. > Ridiculous run

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Post by cartoneton Apr 05, 2015 11:26am

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Post# 23598346

Ridiculous run

FAM: Value trap at worse. At the end of September 30, 2013, FAM had $1.6 million more in Liabilities than Assets. One year later, after more than one quarter of record profits, the Liabilities are around $3 million more than Assets. The year ending December 31, 2012, the Liabilities and Assets were basically the same amount.
This the type of stock your mother warned you about: neg. shareholde equity, no cash, $8 milllion in debt @12% interest....

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