Profiting Off The Inevitable With Service Corporation International
Many prefer to invest in a high-growth industry, where there’s a lot of sound and fury. Not me. I prefer to invest in a low-growth industry like plastic knives and forks, but only if I can’t find a no-growth industry like funerals. That’s where the biggest winners are developed…
In a no-growth industry, especially one that’s boring and upsets people, there’s no problem with competition. You don’t have to protect your flanks from potential rivals because nobody else is going to be interested.
— Peter Lynch, One Up On Wall Street
Today’s stock is a long-time market-beater that you’ve never heard of.
In fact, it’s a stock Wall Street actively avoided for over a decade. Yet, this didn’t stop the company’s share price from increasing by more than 500%.
That’s right, we’re talking about Service Corporation International ($SCI).