PLC: Excellent Long-Term Potential but Overvalued For Now
Park Lawn is an interesting company and one of the very few like it: it operates and is in the industry of operating cemeteries and associated services.
While the company is certainly interesting, particularly as its "recession-proof" type of money inflow, the company right now is heavily overvalued, but a definite buy as RSI and Momentum declines (as it does at times for any stock or equity).
Three key things make me a bystander for now, but a big-time buyer eventually:
1) I have listened to most of the companies earning calls and their tone seems rather lackadaisical regarding growth for the next 2 or 3 years before major upside.
2) I feel the stock has gotten a little ahead of it-self with an incredibly high P/E ratio for the industry. While P/E ratio is mostly worthless as it depends on the sector and industry and company, in this case, the companies business plan and growth does not warrant a high valuation.
3) The stock eventually needs to test the $27 level. At that time (probably 1-2 months out), I will be a buyer.
This is the largest publicly traded cemetary-like company in the world and is certainly a buy in the long-term, just not at this time.
- zSplit
While the company is certainly interesting, particularly as its "recession-proof" type of money inflow, the company right now is heavily overvalued, but a definite buy as RSI and Momentum declines (as it does at times for any stock or equity).
Three key things make me a bystander for now, but a big-time buyer eventually:
1) I have listened to most of the companies earning calls and their tone seems rather lackadaisical regarding growth for the next 2 or 3 years before major upside.
2) I feel the stock has gotten a little ahead of it-self with an incredibly high P/E ratio for the industry. While P/E ratio is mostly worthless as it depends on the sector and industry and company, in this case, the companies business plan and growth does not warrant a high valuation.
3) The stock eventually needs to test the $27 level. At that time (probably 1-2 months out), I will be a buyer.
This is the largest publicly traded cemetary-like company in the world and is certainly a buy in the long-term, just not at this time.
- zSplit
First area to monitor will be 27.80-27.95. This is a good TP #1 for entry.
A second area for entry (if it drops to this level; no guarantee) is $27.00.
A third area for entry (if it drops to this level; no guarantee) is $26.51.
Anything below $28 is a buy IMO. This is an excellent long-play therefore its a stock to buy on dips and hold.