Carriage Services featured in Seeking Alpha article

Author Noam Ganel wrote an article for Seeking Alpha entitled, “The Case for (and against) owning shares in Carriage Services” which was published on April 15.  You can read the article here.

Funeral Director Daily take:  This is an interesting article that, in my opinion, the author researched well.  You may or may not like his take, but he does say that he has purchased shares in Carriage Services.  In our opinion, Ganel, unlike many stock pickers, seems to understand the death care profession.

From our point of view, we see Carriage Services as a consolidator/operating company that is working on coming to grips financially with an industry that has moved from traditional funeral services to cremation services, and more specifically, direct cremation services.  The share price has dropped about a third — going from a 52-week high of $28.96 almost one year ago (4/25/18) to a share price (as of mid-day Tuesday) of about $19.12.

We believe that the company’s 2018 drop in income per share is behind this stock price drop and we also believe that many investors are looking for the 2019 1st Quarter financial results due out next Thursday (4/25/19) as an indicator as to how the company is responding to the revenue challenges in the industry.

In total transparency, I am a stockholder in Carriage Services.

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