Is defensive Dignity too cheap?
The threat of rising competition and a regulatory enquiry has taken the shine off Dignity's defensiveness. But although we agree that a correction was overdue given the group’s historically high valuation and rising pressures, we now think the sell-off has now been overdone.
No-one has ever said “good thank you” in response to the question “how was the funeral” – burials are not a time for positive adjectives. But I recently went to a particularly bleak crematorium. It was cold, dark and smelt strongly of cats. It was owned by Dignity (LON: DTY).
A rise in low quality crematoria, so obviously lacking investment, is why the Competition and Markets Authority (CMA) recently launched an investigation into the UK’s…
Previous article Next article
