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Bullboard - Stock Discussion Forum 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 Discussion

FAMILY MEMORIALS INC. > Family On Track to Succeed
View:
Post by Panther10 on Jun 04, 2014 2:59pm

Family On Track to Succeed

For your info: I am a long time principal shareholder. I wish that the consolidation plan would have moved along quicker than we have seen. The recent debt that you have been quoting Cutstone, INCLUDES the Remco acquisition. This is the thing family has needed all along in order to increase their revenues and keep the Dignity customers supplied - and therefore be in a position to turn a profit. There are many shareholders out there like me that are patient enough and understand the business plan that want to see this through. Why not wait and let the third and fourth quarter numbers do the talking. Perhaps there are some on this forum hoping to cause a whipsaw in the share price in order to make money off their trades. The plan has finally come together - negative talk from a few will not de-rail Family Memorial's success.
Comment by glennronald on Jun 04, 2014 3:04pm
This post has been removed in accordance with Community Policy
Comment by cutstone on Jun 07, 2014 6:30pm
  Panther10 if you are a long time Principal shareholder you bought in at 40 cents a share so 75% of your money is gone unless Fam has a big come back Yes or No.   Fam has moved very quickly for the Monument Industry . Their growth has not been slow very fast IMO.  The recent debt I am well aware that it includes Remco and that it will not turn Fam around IMO. What Fam needs is ...more  
Comment by gusnme on Jun 10, 2014 2:59pm
As much as I admire your optimism, I feel that Cutstone has made some valid points.  I feel it would be a rabbit out of the hat trick, if Family manages to increase sales, to the point of repaying debt, let alone turn a profit.  While I'm not sure what the business plan is, I would have thought the time to implement it has passed.  As I see it, the accquisition of Remco and ...more  
Comment by Glen41 on Jun 11, 2014 8:44pm
Revenues double ??? This year ..anyone...
Comment by cutstone on Jun 11, 2014 9:31pm
  Revenues double they had better double 3.7M in sales last year add 10M in sales from Remco .  The thing to watch is cost cutting Remco was not all that profitable and Fam lost 2M last year.   Pump this stock all you want Remco will make or break this stock and 1.7M loss in the first quarter is a poor start.  More sales is not a bad thing it is great but it is cost cutting ...more  
Comment by Glen41 on Jun 11, 2014 11:52pm
Cut cost of granite 50% good start. Doubling sales revenues from $13M....?? That would be nice....
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