Don’t Let This Macabre TSX Stock Scare You Away Today

Happy Halloween readers! This is a day where we are encouraged to indulge in our darker impulses. For
most of us, that usually amounts to eating boat loads of candy and chocolate. Today, I want to look at a
company that helps care for our loved ones in death. This may be a dark subject, but the future of this
stock is bright.

Park Lawn (TSX:PLC) is a Toronto-based company that provides death care products and services in
Canada and the United States. That includes the management of funeral homes, crematoriums, and
cemeteries. Shares of this TSX stock have plunged 50% in 2022 as of close on October 28. This is a
perfect time to snatch up Park Lawn on the dip.

The company unveiled its second quarter fiscal 2022 earnings on August 11. It delivered net revenue
growth of 5.4% to $75.9 million. Meanwhile, net revenue in the first six months of fiscal 2022 climbed
11% to $159 million. However, adjusted net earnings and adjusted EBITDA still fell sharply compared to
the previous year. The death rate normalized in 2022 compared to higher-than-average national
mortality that was experienced during the COVID-19 pandemic in 2020 and 2021.

Despite this, Park Lawn is well-positioned for big growth going forward. I is set to service a North
American market that is set to see the largest growth in the population of seniors in its history.

Shares of Park Lawn currently possess a favourable price-to-earnings ratio of 17. The stock last had an
RSI of 20, which puts it well in technically oversold territory. Now is the time for investors to pounce on
Park Lawn stock.