Tag: funeral business

StoneMor Partners reports 3rd Quarter
Finance

StoneMor Partners reports 3rd Quarter

StoneMor Partners L.P. reported their 3rd Quarter and 9-month 2019 numbers last week and with it showed significant progress in their attempt at a transformational turnaround of the company.  In brief, StoneMor reported that revenues are stabilizing, that they are cutting recurring expenses, and that they have made progress on a divestiture process that will, more than likely, make their company smaller and more focused. You can see a copy of the report here. From the operations side of the […]

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 […]

Annual budgeting. . .bringing in the revenue
Business

Annual budgeting. . .bringing in the revenue

Yesterday we started the talk of annual budgeting for a funeral home by looking at what are the expectations for overhead, profit, and a savings plan in that budget.  You can see yesterday’s article here.  Today, we will try to explain how we set the revenue parameters to make sure that we have a great chance to cover that budget — even if we under perform on the number of services we will do. To understand how I set our […]

It’s November. . . have you set your budget for the new year
Business

It’s November. . . have you set your budget for the new year

I live in Minnesota and every year when the calendar turned over into November I had two thoughts. . . Five months of winter ahead and time to make sure the income and expense budget for the funeral home is set up for the new year ahead. I operated a funeral home that over time had a volume of slightly over 300 calls per year.  From 1980 when I started until 2013 when I sold the majority of the 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 […]

Just in time for Halloween
Business Cemetery

Just in time for Halloween

Leave it to a couple of iconic names in the business news world to connect the death care profession with Halloween.  Although you should probably expect it, we came across a couple of articles today that link our livelihoods with the October 31 holiday. First, from Forbes.  In this article you can read about “13 careers that are not for the faint of heart”.  The first occupation that they write about is that of being a funeral director.  Quite frankly, […]

Carriage Services, SCI report 3rd Quarter Results
Finance

Carriage Services, SCI report 3rd Quarter Results

Funeral home and cemetery public operation companies Carriage Services and Service Corporation International reported 3rd Quarter results October 28 and October 30 respectively.  Here are press releases from each company on their results. Funeral Director Daily will wait until after we have had the chance to read the transcripts of the analysts calls with the principals of each business before we will comment. Here is Carriage Services 3rd Quarter press release Here is Service Corporation International’s 3rd Quarter press release

The tender mercies of our people . . . .
Uncategorized

The tender mercies of our people . . . .

“Show me the manner in which a nation cares for its dead, and I will measure with mathematical exactness the tender mercies of its people, their respect for the laws of the land, and their loyalty to high ideals.”  That is a quote by Sir William Ewart Gladstone, the 4-term Prime Minister of 19th century England. That quote is seared in my soul as it it was placed in a prominent place in our funeral home during my growing up […]

Veteran’s Day is approaching. . . here’s how one funeral home is honoring veterans
Business

Veteran’s Day is approaching. . . here’s how one funeral home is honoring veterans

I was reminded that Veteran’s Day 2019 is fast approaching as it is November 11.  It is a day set aside to thank our nation’s veterans for service given and sacrifices made to protect the freedoms of our great nation. I recently came upon an article on how the Drennan & Ford Funeral Home in the state of Washington is commemorating this day.  They are collecting clothing items to be distributed to individual veterans within the Olympic Peninsula area of […]

Alkaline hydrolysis discussed at Minnesota city planning commission
Cremation

Alkaline hydrolysis discussed at Minnesota city planning commission

Nine years ago, the Ballard-Sunder Funeral & Cremation business had a protracted discussion with community residents about allowing the first crematory in the city of Jordan, Minnesota, to open.  Back then citizens filed lawsuits against the city and state that in effect said that zoning rulings for “funeral home” and “crematories” were not identical uses. A county judge agreed with that suit and the City of Jordan was then required to amend their zoning ordinance to include “crematory” into the […]