Increasing Cremation Rates in the United States Bode Well for InvoCare’s Californian Prospects
Steadily increasing cremation rates in the United States are positive for narrow-moat InvoCare’s startup cremation business in Southern California. This adds upside risk to our intrinsic valuation of the stock, which does not factor in contributions from the offshore business at this early stage, given our cautious view of the firm’s expansion strategy. Our unchanged AUD 13.50 per share fair value estimate is broadly in line with the current share price.Based on Cremation Association of North A...
Invocare is a provider of services in the funeral industry in Australia, New Zealand and Singapore with smaller operations in Hong Kong and the U.S. Through its associate, Co. provides online memorial services to allow families and communities to celebrate the life of a loved one.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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