Starbucks in a Funeral Home
Death has become such a popular industry that Starbucks (SBUX) has put one of its gourmet coffee shops in the Robinson Funeral Home in Easley, South Carolina. There are many companies that operate in thisindustry , and based on the list at WallStreetNewsNetwork.com, there are over half a dozen companies in the death business. One interesting thing to note is that most of these companies pay dividends.
Memorials and Caskets
For example, Matthews International (MATW) is in the business of memorialization products for cemeteries. The company produces manufactures cast bronze and granite memorials, cast and etched architectural products, mausoleums, and wood and metal caskets. The stock trades at 21.4 times present earnings and sports a yield of 1.0%.
Cemeteries and Crematoria
Service Corporation International (SCI) is the largest funeral service company by market cap. The company also owns cemeteries and crematoria, and even sell s caskets. The company pays a decent yield of 1.5%, and trades at 17.5 times forward earnings.
Caskets and Urns
Hillenbrand (HI) is the largest publicly traded casket manufacturer, which also makes cremation caskets, containers, vaults, and urns. The forward price to earnings ratio is 29, and the yield is a fairly generous 2.7%.
More Death Stocks
To access a free list of all the death stocks, which can be downloaded, sorted, and added to, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.