Investors Chronicle, February 24th, 2006
Benjamin Franklin told us that the only two certainties in the world were death and taxes. That being so, they should offer secure returns for investors. Until the government privatises its tax-collection arm - and don't rule out the possibility - it's difficult to invest in taxes. Investing in death, however, is more feasible.
The most obvious candidate would be shares in funerals provider Dignity. Trouble is, Dignity's shares have more than doubled since they were listed less than two years ago and, at 468p, are rated at 19 times 2006's forecast earnings. I don't get hung up about PE rati...
HighBeam Research, Free Preview: 'The profits of war.'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
