Finance
Over last weekend while doing some research I stumbled across this article on Matthews International. As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation. What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a…
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The markets were closed on Good Friday and we thought that might be an appropriate time to take a look at how the stocks that comprise the Funeral Director Daily Death Care Index (DCI) have been doing in relation to each other and in relation to the stock market as a whole since the beginning…
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Security National Financial Corporation (SNFC), the Utah based multi-pronged company with divisions in funeral homes and cemeteries and also with its insurance division involved in preneed insurance, had its full-year after-tax earnings drop from $55.5 million in 2020 to $39,5 million in 2021. It’s Earnings before taxes also dropped about $20 million for the three…
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Last week Seeking Alpha published a fact and opinion article on Service Corporation International (SCI) entitled “Service Corporation International: An under the radar wealth generator”. The article was one of the most in-depth pieces I have seen on SCI, its operations, and its potential as an investment. You can access the article here. From my…
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StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years. That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears…
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A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation. The press release also states…
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Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million. This positive swing was accomplished despite Revenue dropping about 1%…
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I’ve written before about Peter Lynch’s 1989 best-seller “One up on Wall Street”. It was a learning book for me and one where I had a coming of age introduction to different types of investing. One of Lynch’s topics in the book was the death care company Service Corporation International (SCI). He likened the company…
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Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years. Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine. On…
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Australia’s largest provider of death care services, InvoCare, issued a statement on their 2021 Year End results last week. In that statement they announced that they had returned to profitability with an after-tax profit of AUS $ 80.2 million (US$ 57.2 million) after going through the drastic Australian lock-down year of 2020 with a loss…
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