The decision by the Competition and Markets Authority (CMA) to escalate its market study of funeral sector pricing to a full investigation sent shares in funeral provider Dignity (DTY) falling again. Dignity has had a difficult year to say the least, starting with a profit warning in January, a lacklustre set of results in March and news of the regulatory review over the summer.
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Phil Oakley
Low margins and high debts are a lethal mix
Low profit margins are a classic sign of weakness. Combining them with lots of debt is often a recipe for trouble
Phil Oakley