IVC is the only listed business in the "death" industry in Australia. Operates funeral homes and crematoria. Has significant market share in a fragmented industry where most businesses are family owned.
Growth through acquisition of smaller, family-run businesses.
Well placed for the eventual acceleration of the death rate, as the baby boomer generation move on to the better place.
Predictable and consistent customer base. High level of satisfaction among existing clients.
Industry has relatively high barrier of entry.
Death rate traditionally very slow to increase, resulting in slow increase in EPS for some years to come.
Risk of unhealthy returns from investments of funds acquired from pre-need funeral plans.
Would appreciate any comments or additions to the above listed information.
Disclosure: I own shares in IVC