Tag: cemetery business

Matthews announces investment sale
Finance

Matthews announces investment sale

On Tuesday global death care company Matthews International announced a sale, that was effective on June 26, of a non-controlling ownership interest in a pet cremation services business.  According to this release from Matthews, the company sold its interest for a total of $57.2 million. That $57.2 million was to be paid to Matthews International with $42.2 million in cash and another $15.0 million in preferred stock of the company, which was not named.  Again, according to the release, Matthews […]

Goetz to leave Carriage Services?
Finance

Goetz to leave Carriage Services?

This morning we noticed a news release from Market Exclusive that you can see here pertaining to a K-1 filing from Carriage Services.  The filing informed the public that effective June 26, 2020, President and Chief Operating Officer William W. Goetz had resigned from those positions at Carriage Services as well as had resigned from a seat on the Carriage Services Board of Directors. The filing states in part, “The resignation was not the result of any disagreement Mr. Goetz […]

America’s cemetery problems
Cemetery

America’s cemetery problems

Summer is, historically, a time that relatives visit the graves of long deceased members of the family.  Generally, between Memorial Day and Labor Day many families pack up for an afternoon and take a short trip to visit and do some upkeep on the family graves.  Others visit when they get back to their hometowns for a high school reunion or just to go visit relatives who still live in the childhood community. Well, that is the way it used […]

Will the “re-opening” of America move the needle on funeral home revenue?
Business

Will the “re-opening” of America move the needle on funeral home revenue?

Last week has had a lot of COVID world firsts for me.  Let’s see, I left my county for the first time since March, albeit about one block south of the county line to attend a hybrid graduation party.  I also ate inside a restaurant on Wednesday for the first time since March when one of my friends and I went to one of our 25% capacity restaurants for lunch.  And, on Friday I participated in a Zoom meeting where […]

The battle to build a cemetery
Cemetery

The battle to build a cemetery

New Orleans, Louisiana, is known as a great American city.  Because the city sits about 15-18 feet below sea level and has levies protecting the city its cemeteries are well known for their unique above ground burials in some places.  Because of some of these type of land issues, the city itself has found itself in the cemetery businesses by owning six cemeteries within the city limits. And lately, the city has became known as one of the American cities […]

Keeping the business flowing
Business Cemetery Products

Keeping the business flowing

I love the idea of “American ingenuity”.  To me it means the thought process that is developed to keep things moving ahead even when the system to do so has been upended.  And, around the world this Spring, the system has truly been upended with the advent of the COVID-19 situation. However, if you are a small business, you have to figure out a way to keep the cash rolling in so that you can pay the bills.  Many small […]

Is StoneMor bouncing back?
Finance

Is StoneMor bouncing back?

StoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week.  These results cover the period from January 1 to March 31, 2020.  You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto Rico.  In their latest earnings transcript they mentioned that 18% of their revenues come from the funeral home side and 82% of their revenues come […]

Calverton National Cemetery suspends group flag placements
Cemetery

Calverton National Cemetery suspends group flag placements

It was announced this week that Calverton National Cemetery, a property of the National Cemetery Administration and reserved for our nation’s honored veterans and their dependents, will be suspending their tradition of allowing groups to place American flags at grave sites for Memorial Day “because of the health risks posed by the coronavirus”. Calverton National Cemetery is located in Suffolk County, New York, on the eastern shore of Long Island. The National Cemetery Administration issued this statement,  “NCA will not […]

Funeral homes open. . . . funeral homes close
Business

Funeral homes open. . . . funeral homes close

Entrepreneurship, business ownership, and the like is not for the faint of heart.  But, it can be unbelievably rewarding — not only for the income and assets one may build up with a successful business — but also for the opportunity to be your own boss and command the rudder of your own ship. It isn’t something to take lightly and, generally, one needs to rely on a good plan, and not just hope, to become a going concern where […]

Seeking Alpha:  Death care stocks to benefit from pent up demand
Finance

Seeking Alpha: Death care stocks to benefit from pent up demand

Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”.  You can read the full article here. Spooner says that “the death care industry stocks have sold off with the rest of the market, and although revenues from services are being squeezed by social distancing, it is likely that funeral services […]