Finance

Finance

Foundation Partners adds Kentucky locations

Foundation Partners Group, the Orlando based company that has grown by acquisition to over 140 locations of funeral homes, cremation centers, and cemeteries across the United States announced earlier this week that they had acquired the Clark Legacy Center of Kentucky. According to this press release from Foundation Partners, the acquisition will add three locations to the Foundation Partners network.  Clark Legacy Center operates facilities in the Kentucky communities of Nicholasville, Frankfort, and Versailles. Again, according to the release, “The […]

Finance Preneed

Come together . . . . .The Domani Group and Homesteaders Life Company

The other day we received a press release announcing that “The Domani Group joins forces with Homesteaders Life Company”.  In that release, which you can read here, it announced “The Domani Group, a leader in preneed and aftercare solutions for funeral homes, is pleased to announce it is joining forces with Homesteaders Life Company.”   This announcement came on the heels of our story on Monday that mentioned Providence Equity Partners and their experiencing in partnering funeral technology companies to bring […]

Finance

Can Providence get $1 Billion for funeral group

It was only two years ago that many of us were introduced to a major player in the global private equity industry named Providence Equity Partners.  According to this article which appeared on the American Funeral Association blog in December 2018, Providence had made inquiries into many companies in businesses that I will define as “businesses that support funeral homes in the death care industry”.   They were not like the acquisition consolidators that we all have known about that target […]

Finance

DCI indicates “Death Care” stocks left behind. . . appearance on Funeral Nation

With today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general.  The Death Care Index, or DCI, is Funeral Director Daily’s proprietary monitoring system of the death care public company financial values. The DCI is non-scientific, but represents the total […]

Finance

Technical difficulties, Seeking Alpha opinion on Service Corporation

To our readers:  Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday.  Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings.  The growth is good, however, we were not prepared for this happening and so I apologize to our readers for the problem.  There were three articles […]

Finance

Security National has bang-up quarter, Memorial segment grows

Security National Financial Corporation (SNFC) is a diverse, but integrated company.  They are diverse in that they have three distinct segments – Mortgages, Life Insurance, and Cemeteries/Mortuaries – under their umbrella.  They are an integrated company in that all segments report together to bring a bottom line to the company. And, the integration was good for the Salt Lake City based public company in the 2nd Quarter of 2020 as you can read in their recently released financial results for […]

Finance

Park Lawn Corp reports 2Q 2020, CEO Green answers acquisition questions

Toronto based Park Lawn Corporation (PLC) reported its 2nd Quarter 2020 financial situation last week.  In it they reported great success on revenue growth and Adjusted Net Earnings.  CEO Brad Green commented on the financial report in saying, “We have grown together as an organization and are poised to continue with our projected growth targets.”   In the quarterly report that you can read here you will find that growth-oriented Park Lawn’s revenues grew from $58.6 million in 2Q 2019 to […]

Afternoon Edition Finance Regulations

Afternoon edition: News you can use from public companies to cemeteries to COVID

In today’s Afternoon Edition we will bring you a myriad of different news from different parts of the death care spectrum.  We lead off with an article from the United Kingdom that highlights that country’s largest provider of funeral services and cremations, Dignity PLC.  As you may know, the British Competition and Markets Authority (CMA) recently ended its investigation into price practices in the funeral industry of Great Britain without imposing price controls, at this time on funeral and cremation […]

Finance

StoneMor, Inc. reports 2nd Quarter 2020. . comment on going private emerges

When Joe Redling was appointed CEO of StoneMor, Inc. the company was in fast decline, revenues were washing away, and losses were mounting.  That was June of 2018, only two years ago, and now, although far from being in the clear and a profit machine, there is hope at the end of the tunnel. StoneMor, Inc. reported its 2nd Quarter 2020 financial results last week and the comparable revenues for businesses operations have pretty much leveled off from a downward […]

Finance

SCI’s Tom Ryan talks 2nd Quarter 2020

The 2nd Quarter of 2020, that period that encompasses the months of April, May, and June, was looked at as a quarter which would produce financial results that would be unique, maybe in the entire last century, simply because it was the first 3-month period of the COVID-19 pandemic.  As the United States went into the pandemic in February and March of 2020, many people theorized on how funeral homes and cemeteries would come through with things such as social […]