Tag: cemetery business

Afternoon Edition

Axar Capital pulls back bid to take StoneMor Inc. private

In this public relations release from Globe Newswire you can read that Axar Capital Management has withdrawn its proposal to acquire all of the outstanding shares of StoneMor Inc. and take the company private. In the press release, StoneMor made this announcement by Stephen J. Negrotti, Chair of a special committee to evaluate the Axar proposal, “We have worked closely with Axar over the last six weeks to evaluate its most recent proposal. We have consulted with our financial and […]

Afternoon Edition

Afternoon Edition: Cemetery re-imagination and more

As we post our final Afternoon Edition before the Labor Day holiday we do so with some articles that are heavily weighted to the cemetery side of the death care profession.  In today’s News from the World of Death Care we bring you an article from “The Conversation” that deals with how the cemetery could be “Re-imagined”. And. . .we have about three other cemetery related articles that deal with Green Burials, the “derecho” damage to Iowa cemeteries, and the […]

Finance

DCI indicates “Death Care” stocks left behind. . . appearance on Funeral Nation

With today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general.  The Death Care Index, or DCI, is Funeral Director Daily’s proprietary monitoring system of the death care public company financial values. The DCI is non-scientific, but represents the total […]

Business

What employee benefits do you give?. . .get?

On Tuesday the Hormel Corporation announced a new employee benefit available to all United States Hormel Corporation employees.  This benefit, that they are calling “Inspired Pathways”, will pay for two-years of community or junior college tuition for all children of the aforementioned Hormel employees. You can read an article from the Minneapolis Star Tribune here or a shorter article from Minnesota CBS Local here. Here’s what Hormel Corporation CEO Jim Snee said of this decision, “. . . . .we […]

Afternoon Edition Cemetery Preneed

Afternoon edition: FDLIC brightens up, SCI buys adjoining cemetery property, and more

In today’s afternoon edition of Funeral Director Daily we have a couple of national firms in the news for differing reasons.  First of all, we will tell you of Funeral Directors Life (FDLIC) and their investment in saving some of the world’s energy.  They recently added a parking lot that will be covered by about 1300 solar panels that will provide energy for the company’s corporate headquarters.  You can see photos in this article here. And we also bring you […]

Cemetery

Weekend edition: A little heavy on cemetery and virtual funeral news. . .but some weekend reading for you

This weekend edition of Funeral Director Daily leads off with a great story you can access here.  It is a story written by Isabella Jibilian for Business Insider.  Jibilian describes herself as a graduate student who sought out management at Fernwood Cemetery so she could write about the high cost of real estate which, down the real estate ladder, she thought would probably affect the price of a grave space. She says, however, her visit and tour of the cemetery […]

Afternoon Edition Cemetery

Afternoon edition: The Cemetery Men. . . and more

Today’s afternoon edition of Funeral Director Daily brings you stories about two men on a mission.  And, these men live and work in separate hemispheres but both have found a calling among the COVID-19 pandemic. Our first story is that of Brother Ronald Marin and comes to us from the Catholic publication, Crux.  Brother Marin is a Venezuelan who is spending time administering funerals in the cemeteries of Lima, Peru.  It is estimated that more than a quarter of the […]

Afternoon Edition Uncategorized

Afternoon edition: News you can use. . . NFDA election and more

In this press release from the National Funeral Directors Association (NFDA) we learned that Chris E. Christian and Beatrice “Bea” Lewanduski were elected to serve two-year terms on the NFDA Board of Directors.  According to the press release Christian is the co-owner of Christian-Sells Funeral Home in Rogersville, Tennessee.  The release also states that Lewanduski has been a funeral director for 43 years and currently serves as manager of D’Andrea Brothers Funeral Home in Copiague, New York. Our afternoon edition […]

Afternoon Edition Finance

Afternoon edition: StoneMor receives 2nd offer to take it private. . . .and more news from the death care universe

StoneMor, Inc.,  the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private.  If you remember, earlier this year, Axar Capital Management offered the company $0.67 per share to acquire the company.  That offer was rejected by StoneMor in June as, according to the press release, an inadequate price. Axar Capital Management […]

Cemetery

Here’s a new gig at the cemetery

Over the last couple of years Funeral Director Daily has done many articles that pertain to cemeteries, not only in the United States, but around the world.  Many of those articles have dealt with the uniqueness of a cemetery or the lack of upkeep in a cemetery, or, because of that lack of upkeep, an effort to clean up cemeteries. We’ve also talked about the business of cemeteries and how many cemeteries find themselves in financially negative cash-flow positions because […]