Finance

Carriage Services featured in Seeking Alpha article
Finance

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 […]

Security National Cemeteries and Mortuaries revenue jumps 23% in 2018
Finance

Security National Cemeteries and Mortuaries revenue jumps 23% in 2018

Utah based Security National Financial Corporation issued their 2018 financial results earlier this month and you can see a statement from them here.  The company announced a company wide increase in revenues of 1% to over $279 million.  In addition, SNFC announced that their after-tax earnings from operations jumped over 53% from about $14 million in 2017 to $21.68 million in 2018. SNFC operates in three segments:  Life Insurance, Mortgages, and Cemeteries/Mortuaries.  At Funeral Director Daily we are most concerned […]

StoneMor Partners reports year end 2018
Finance

StoneMor Partners reports year end 2018

In a news release from April 2 that you can read here, StoneMor Partners reported their financial results for the 4th Quarter of 2018 as well as the full year 2018.  As you may know, the company has been filing delayed SEC reports but this report puts them pretty much on schedule. Here are some results that StoneMor reported: Revenue for the quarter was very close to last year’s as in 2018 revenue was reported as $83.4 million as compared […]

Contrarian investor John Snyder opines on StoneMor Partners
Finance

Contrarian investor John Snyder opines on StoneMor Partners

Value investor and self-described contrarian investor John Snyder wrote an article for Seeking Alpha that you can read here entitled, “Why I’m buying StoneMor”.  We will leave the facts at that and I will give my opinion on the piece below. Funeral Director Daily take:  This is an article that will cause all experienced funeral directors to take a look at what numbers and ratios matter in their business.  Snyder comes to his conclusion by comparing public companies StoneMor Partners […]

Park Lawn reports ’18 Year End Results
Finance

Park Lawn reports ’18 Year End Results

Toronto based funeral industry company Park Lawn Corporation released a press release that you can read here about its 2018 year end performance earlier this week.  As you may know Park Lawn Corporation has grown greatly this year by acquisitions including The Signature Group, CMS Mid-Atlantic, and Citadel Management in the United States as well as incremental unit growth in Canada. We have not seen financial results nor have we had a chance to read the investor transcript so for […]

Funeral Service and Public Companies – Part 2 – Carriage Services
Finance

Funeral Service and Public Companies – Part 2 – Carriage Services

Carriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018.  According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a public company in 1996.  You can see a map of their properties from the web-site here. I would like to begin and inform any reader, […]

Death Care Index lags Dow Jones
Finance

Death Care Index lags Dow Jones

For those of you who follow the public companies in the death care industry we at Funeral Director Daily have initiated coverage of  what we call the Death Care Index (DCI) for the last couple of years to help you get a context of how our industry is comparing to the market as a whole.  Our DCI consists of eight stocks who have at least a portion of their business in the death care industry. We follow companies that manufacture […]

InvoCare to raise $65 million
Finance

InvoCare to raise $65 million

Australian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million).  You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic growth initiative.  The company also says it is excited by its growth outlook and its Regional Growth Strategy. Funeral Director Daily take:  We think that […]

Funeral Services and Public Companies – Part 1 –  SCI
Finance

Funeral Services and Public Companies – Part 1 – SCI

Every so often someone asks me what I think of the funeral/cremation/cemetery companies that are in the public ownership realm.  So, today I will start giving you my opinions of what I think each is trying to, or should try to accomplish.  Each in this series of write ups will be my day to be the CEO of that company and give my direction. Please understand that I am not a stock broker or stock picker.  I am a funeral […]