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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 Sologoldon May 04, 2015 1:10am
128 Views
Post# 23690322

Year End 2014

Year End 2014Since the purchase of Remco in 2013 I thought any trimming of the fat in 2014 would have produced better financial results. The company based on current 2014 financial statements and status qou would have to increase their selling price or reduce their total production and other costs by 16%. Remco had the luxury of buying granite from China and selling it at domestic retail price which significantly reduced their COS. Unfortunately this company has difficult times ahead and cash flow is their largest issue.
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