Tag: cremation business

Visiting non-compete agreements
Business

Visiting non-compete agreements

It’s been a few years since I’ve actively managed our funeral home, but this recent article from the Minneapolis Star Tribune brought me back to one of the issues that I dealt with in the hiring of employees.  That was the issue of non-compete agreements or covenants not to compete. Non-competes have historically been used in business as the article says, “to protect the trade secrets and innovations of companies.  For agreeing not to compete with them, an employer would […]

Carriage makes big acquisition, announces new President/COO
Finance

Carriage makes big acquisition, announces new President/COO

Carriage Services, the Houston based funeral home and cemetery operator made a big announcement after business hours on Monday.  The company issued a press release which highlighted not only the acquisition of, what they say in the release is the largest by a combined revenue definition, acquisition in their 28-year history, but also announced personnel additions as well. In the release which you can read here, Carriage Services announced the acquisition of the Fairfax Memorial Park and Funeral Home in […]

Matthews reports year end. . .Memorialization sales increase
Finance

Matthews reports year end. . .Memorialization sales increase

Matthews International reported their 4th Quarter and 2019 fiscal Year Sales last week.  The Pittsburgh based public company includes in its portfolio, as one of three business segments, a Memorialization unit that includes Matthews Cremation, Aurora Casket, and Star Granite which are of interest to the death care industry. You can access the Matthews International 4Q and Fiscal 2019 report here. For the 2019 year Matthews International reported sales of $1.54 billion as compared to 2018 total sales of $1.60 […]

The Greening of cremation
Cremation

The Greening of cremation

National Geographic magazine published an article the other day that you can read here.  It was published in their “Environment and Conservation” sector and is entitled, “The environmental toll of cremating the dead“. The article makes the statement that 78% of Brits are now cremated and in America, we have surpassed the number of burials with cremations.  National Geographic points out and surmises that much of this cremation popularity is because it is seen as a “more environmentally friendly” option […]

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 […]

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 […]

Is this an opportunity?
Business

Is this an opportunity?

Like many of you who read Funeral Director Daily, I like being an amateur investor in the stock market.  Back in the 1980’s I read two books that have became my gospel for investing.  One of them was in the early 80’s and was a book by John Naisbitt entitled “Megatrends” and the second book that influenced me a great deal was a 1989 publication by Peter Lynch entitled “One up on Wall Street.”  These books had different approaches to […]

Earnings week fast upon us. . . DCI moving up
Finance

Earnings week fast upon us. . . DCI moving up

If you follow Wall Street and the American stock market you will know that we are in the period of the summer where public companies start to report their earnings as of June 30.  For most of the companies who operate on a calendar year this is their 2nd Quarter results and gives investors a look at how a company is doing midway through the year.  For some companies who have differing fiscal years, the report may represent their 3rd […]

Missouri close to allowing outdoor cremation in public
Cremation

Missouri close to allowing outdoor cremation in public

A Missouri legislative bill with nearly unanimous consent has recently passed out of the Missouri legislature and is awaiting Governor Mike Parson’s decision to sign the bill into law.  You can read more about this bill here from KansasCity.com. The bill, according to the article, would allow licensed funeral directors to organize outdoor cremations at licensed sites or private sites that have permits.  It was the idea of Kansas City Democrat legislator Jason Holsman who is quoted in the article, […]

Australia. . . the harbinger of things to come?
Business

Australia. . . the harbinger of things to come?

The funeral and cremation profession in Australia is an industry that takes in about US $ 1.12 billion in revenue each year (all amounts in this article have been converted to U.S. values).  That’s only about 7% of the purported industry revenue of $16.3 billion that the United States death care profession reels in, however, it is enough to give a significant indication on what might be coming to the U.S. in the near future. The Australian industry, according to […]