Carriage Services IncFuneral services have steady demand regardless of economic conditions, making it recession-resistant.
EZCORP, Carriage Services, and York Water are highlighted as businesses that generate steady demand regardless of economic conditions, making them candidates to hold even during a stock market sell-off. EZCORP operates pawn shops and has expanded to roughly 1,500 stores in 16 countries after acquiring the 105-store Founders One chain, while also launching an online car title loan platform in Texas; its stock has climbed about 150% over the past year, partly driven by record gold prices above $5,000 an ounce that boosted scrap margins from 22% to 38%. Carriage Services owns funeral homes and cemeteries, recently entered the Knoxville market with an acquisition, and secured a $60 million credit facility for further deals, though it carries meaningful debt. York Water, which has paid a dividend every year since 1816, raised roughly $48 million in a stock offering to fund capital projects and acquisitions of small water and wastewater systems in Pennsylvania, but as a regulated utility its returns are capped and shares can be sensitive to interest rates.
Carriage Services IncFuneral services have steady demand regardless of economic conditions, making it recession-resistant.
EZCORP IncPawn shop demand is steady in recessions, and record gold prices boost scrap margins.
The York Water CompanyWater utility demand is steady regardless of economic conditions.
Record gold prices above $5,000 an ounce are mentioned, boosting EZCORP's scrap margins.