Tag: cemetery business

Axar Capital purchases additional StoneMor stock
Finance

Axar Capital purchases additional StoneMor stock

  According to this article and also verified on E-Trade, Axar Capital Management L.P. purchased 3,925,660 shares of StoneMor Partners L.P. stock on Wednesday, October 30, at an average share price of $1.00 per share.  That share price indicated the 52-week low for the stock which had traded as high as $5.01 just over a year ago on November 2, 2018. The purchase by Axar Capital Management L.P. increased their holding in StoneMor Partners L.P. to 11,674,095 shares of the […]

Vancouver cemetery considers three dimensional plots
Cemetery

Vancouver cemetery considers three dimensional plots

Sustainability and the ability to make more out of less has led the Mountain View Cemetery in Vancouver, British Columbia, to explore options that would allow more graves in the cemetery.  The cemetery has operated in the city since 1887 and was shut down to new grave lot purchases during the time period of 1986 to 2008. The interesting thing about allowing “more graves” is not that they will be platted on more ground, but will be sold in a […]

With space issues looming, Army proposes new rules for eligibility at Arlington
Cemetery

With space issues looming, Army proposes new rules for eligibility at Arlington

According to this article from the Washington Post, new rules are being proposed on who can be buried at Arlington National Cemetery because of space issues.  In the article, Karen Durham-Aguilera, the cemetery’s executive director states, “Our reality is that we are running out of space.  Without any changes in eligibility we will be full for first burials by the year 2041.  To be able to keep Arlington National Cemetery open and active well into the future. . .we’re going […]

StoneMor keeps moving towards turnaround
Finance

StoneMor keeps moving towards turnaround

StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company.  As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation.  You can read their press release here: In essence, here are some of their moves as they continue to execute their plan to bring the company back to business […]

Maine veterans’ cemetery going green
Cemetery

Maine veterans’ cemetery going green

A project set to begin this fall for 554 pre-placed crypts at the Southern Maine Veterans’ Cemetery will also include 234 “green burial” graves that will be created.  According to this article from the Journal Times, cemetery superintendent Scott Brown commented that, “It will be the first state (veterans) cemetery in the nation to have this.”  The article went on to mention that three national veterans cemeteries are also preparing to have this option — in Colorado, New York, and […]

Death Care around the world
Business

Death Care around the world

Every once in a while we like to just bring our readers news from around the world of Death Care.  And, today, our news around the world of death care is truly from around the world. The following articles bring news from three continents — from North America we bring you news of funeral home mergers and acquisitions, from Great Britain we bring you news from the Funeral Co-op and how they are coping with the changing attitudes of the […]

Dillinger may not be exhumed after all
Cemetery Regulations

Dillinger may not be exhumed after all

Last month we brought you this story that pertained to the exhumation of a legendary bank robber who was at one time known as “Public Enemy #1”.  We refer to the life and death of John Dillinger and his eventual burial at the Crown Hill Cemetery in Indianapolis, Indiana. We told you last month that relatives of Mr. Dillinger have reason to believe and have signed an affidavit that cites, “that they have evidence the person shot at the Biograph […]

Grave robbery. . . the 21st century way
Cemetery Regulations

Grave robbery. . . the 21st century way

“Members of a nonprofit Queens cemetery board plundered its coffers and made off with money meant to keep the burial grounds running” according to a suit filed by the New York Attorney General. . . . is how this article from the New York Post begins. According to the article the suit goes on to claim that several current and former board members of the Lutheran All Faiths Cemetery – which is a non-profit cemetery located in Queens, New York […]

Keeping your funeral home from “Secular Decline”
Business

Keeping your funeral home from “Secular Decline”

As we move into the Fall season in Minnesota the weather turns a little cooler and I’m forced to do my daily running and exercise routine inside on the treadmill instead of outside on the streets.  One of the advantages of this, however, is that I can tune in the television and learn something while I am running. The other morning I was forced inside and flipped on CNBC to learn of what was happening in the business world that […]

Marketing: Top of Mind Awareness
Business

Marketing: Top of Mind Awareness

Over the years I learned a lot about marketing.  When sales reps for different advertising mediums came into our business to either sell or re-new our programs I always looked at them as extensions of our business and not sales people.  I figured that if I could learn from them I could use that knowledge to get a better “bang for my buck” on the advertising front. One of my conversations that I remember very well is a conversation with […]