HST was a plus for Arbor in 2010

Article Excerpt

ARBOR MEMORIAL SERVICES INC. $25 (Toronto symbol ABO.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 10.6 million; Market cap: $265.0 million; Price-to-sales ratio: 0.9; Dividend yield: 1.8%; TSINetwork Rating: Average; www.arbormemorial.com) earned $2.17 a share in the fiscal year ended October 31, 2010. That’s up 16.7% from $1.86 in 2009. Revenue rose 15.2%, to $281.8 million from $244.7 million. Arbor’s clients rushed to buy burial spaces and other funeral services before the new harmonized sales tax took effect in Ontario and B.C. on July 1, 2010. That was the main reason for the higher revenue and earnings. Arbor Memorial Services is a hold. hold…

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