Carriage Services
It’s been an interesting first quarter if you are invested in the stock market. We’ve seen interest rates continue to rise and we’ve seen popular opinion on what that might do to technology companies vary. In addition, we’ve seen technology companies reduce their workforce even as some of their stock prices have increased.…
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Last week I had not even finished putting up Friday’s article which dealt with an acquisition when I was notified of another public company acquisition. This time the announcement came from Carriage Services and announced its acquisition of a group of three funeral homes, two cemeteries, and a cremation center based in the…
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Funeral home and cemetery operator Carriage Services reported their 4th Quarter and Year End Financial Reports last week. You can access that report here. In doing so they reported that the number of “Services” the company conducted had dropped 2.9% as compared to the yearly results for 2021. The company conducted 47,184 services…
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Last week funeral home and cemetery consolidator and operator Carriage Services announced the pending acquisition of Greenlawn Funeral Homes and Cemeteries of Bakersfield, California. In the same press release, that you can read here, the company took the time to outline what they call their “High Performance and Credit Profile Restoration Plan” (HPCPRP). …
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As we move into the final month of the calendar year it seems like no one has the financial markets figured out. In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…
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The 3rd Quarter of 2022 has shown a trend of less deaths than the comparable 3rd Quarter of 2021. As a matter of fact, as you can see from this report from the Center for Disease Control (CDC), provisional deaths for 3Q 2022 numbered 751,497 as compared to 874,495 in the same quarter of 2021. …
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It was announced last week in this press release that Carriage Services, headquartered in Houston, Texas, acquired substantially all of the assets of the Heritage Funeral and Cremation Services and Forest Lawn East Cemetery. The businesses are located in the Charlotte, North Carolina, market territory and consist of three stand alone funeral homes, a cemetery,…
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Of the seven companies that comprise the Funeral Director Daily Death Care Index (DCI) Carriage Services was the first company to report earnings for the 3rd Quarter of 2022 and did so Wednesday. Carriage Services, based in Houston, Texas, reported lower comparable numbers in almost every category compared to the same period in 2021.…
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I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite…
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Last week Seeking Alpha contributing author Daniel Jones authored an article highlighting death care funeral home and cemetery operator Carriage Services. Here’s some of what he says in the article, “Although it may sound morbid to say, the death care space is a particularly interesting area for investors to explore. In a world where…
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