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Stock impact report

Death care stocks are down. Will the coronavirus pandemic change that? [Toronto Globe and Mail (Ontario, Canada)]

Service Corporation International (SCI) 
Last service corporation international earnings: 4/29 04:15 pm Check Earnings Report
Death care stocks are down. Will the coronavirus pandemic change that? Social distancing means that there are now restrictions on the number of attendees at funerals, which will erode revenue as services become more basic. Peter Power/The Globe and Mail Social distancing means that there are now restrictions on the number of attendees at funerals, which will erode revenue as services become more basic. The stock market meltdown over the past six weeks has included a sector that normally should have provided some shelter from the volatility: death care. Does the defensive nature of the funeral business make the sector an overlooked opportunity during these turbulent times? Houston-based Service Corp. International has seen its share price fall 27 per cent from its high in mid-February. Hillenbrand Inc., which provides funeral services under the Batesville banner, has seen its stock price fall 38 per cent over a similar period. And the share price of Toronto-based Park Lawn Corp. Ltd Show less Read more
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