Service Corporation International at Raymond James Institutional Investors Conference Transcript

Mar 02, 2020 / 01:05PM GMT
John Wilson Ransom - Raymond James & Associates, Inc., Research Division - MD of Equity Research & Director of Healthcare Research

Good morning. Welcome to the 41st Annual Raymond James Conference. For those of you on the webcast, I am staring at a packed room. So that's good. So not everybody stayed home and bathed themselves in Purell. And one thing I want to mention is the corona bump. Let's not shake hands. Let's just do the corona bump like this, fist bump or the leg bump. So let's -- we've got plenty of Purell out there. Let's not contribute to the problems.

I'm happy to introduce Eric Tanzberger. I've covered the stock long enough to remember when the stock was $1, and the company was burning $60 million a year in free cash flow. In 2008, it traded at a 20% free cash flow yield. Now it trades at about a 4% to 5% free cash flow yield, depending on how you count the numbers. The company has done a remarkable job. It's been one of the great turnarounds. They might even have said to you that Houston Community College business school has a case study in turnaround. It has been one of

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