Bullboard - Stock Discussion Forum Park Lawn Corp T.PLC

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... see more

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TSX:PLC - Post Discussion

Park Lawn Corp > Assessment

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Post by retiredcf on Oct 08, 2023 12:37pm

Assessment

So, after the market closed yesterday, PLC announced they were withdrawing any further involvement in the purchase of Carriage. I would have expected today to be a "down" day due to the perception that PLC would not be "growing" as per their stated 5 year plan of growth by acquisition (my paraphrase). However, PLC is now up 4%. I'm a bit confused but wondering whether it might be due to the market being relieved that PLC is better off not having to add debt to their balance sheet?

This is likely the reason. PLC does have a leveraged balance sheet, and in a time of higher interest rates, investors get more nervous about debt than they get excited about acquisitions. (5iResearch)

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