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Nestled in the quiet hills of Barre, Vt--is perhaps a ten bagger-- this former granite quarrier has plans to consolidate the tombstone industry-- it has @13 quarries, @13 manufacturing sites, and now @ 42 retail locations-- its plan is to consolidate the funeral monument industry by buying up local retailers, whose margins are higher than manufacturing-------------------------------------------------------------------------- As I remember , it had sales @ 50-60mil, market cap @ 100mill, no debt to speak of (so far!)--its appeal is that if the plan is executed would lead to large increases of retail profits---the prospectus notes 1 Billion of retail monument sales in 1996---------------------------it has lots of Lynch appeal, its name, its business( not very sexy), its niche--even intel could not create a new quarry--,its business is also depressing; in a no growth industry, no lack of customers dying to use it, income for the june quarter--has risen 183%; now added are the higher margin retail sales, of 5mill- do your home work and see if Peter would be a buyer-- |
