Tuesday, November 29, 2022

Stock Of Largest U.S. Undertaker Continues To Outperform Pfizer (SCI; PFE)

We've been tracking these two as a pair-trade since the excess mortality figures got so ridiculously high for so ridiculously long (over a year, month in, month out) that they could no longer be ignored.

Here's the year-to-date comparison:

....since we posted our follow-up: "UPDATE: Funeral Homes Outperforming Pfizer (PFE; SCI)" on May 4, Service Corp. not only continued but extended the outperformance:....

That's a thirteen percentage point spread, enough to make or break a year. As one of my favorite analyst buddies (two 1000-fold publicly traded issues) might say: "A trend is emerging." 

Service Corporation International does not refer to themselves as "undertakers". They go with "leading provider of funeral, cremation and cemetery services." That's more straightforward than sort-of competitor Carriage Services which euphemizes:

Transformative High Performance
....a leading consolidator and provider of deathcare services and merchandise