funeral companies
I’m a James Bond movie fan and in 1977 the 10th movie of the series came out. . . “The Spy Who Loved Me” was the 3rd movie of the series to feature Roger Moore as James Bond and it also featured what became a #2 hit on the Billboard charts feature song…
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This article from Seeking Alpha suggests that the largest funeral home and cemetery operator in North America, Service Corporation International (SCI) is a buying opportunity for investors. To that end, the article makes these points: “Historically, SCI has delivered very strong financial performance and shareholder returns.” “. . .growth has been fueled by a…
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At Funeral Director Daily we have tried to keep you updated on the status of the Hollywood movie that has been produced about the disagreement and eventual lawsuit between one-time power funeral home consolidator company The Loewen Group and a funeral home in Mississippi. Finally, we have read in this article from…
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InvoCare, Australia’s largest Death Care provider, announced its First Half results for 2023 last week. That was a little over two weeks after they agreed to be purchased by private equity firm TPG Global for a price announced at about US$ 1.18 billion. InvoCare, which also has operations in New Zealand and…
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Houston based funeral home and cemetery operator Carriage Services reported their 2nd Quarter 2023 financial report last week one day after Service Corporation International. What may become a common theme is that the companies have been able to increase revenue quarter over quarter during the past year but those gains run into…
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Yesterday it hit the United States business markets that InvoCare, Australia’s largest death care provider was offered AUS$ 1.81 billion in a non-binding take-over offer. According to this article on the subject from Reuters, that would equate to an offer in the amount of US$ 1.22 billion. The offer has came from…
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Last week Hillenbrand Industries reported their Fiscal Year 4th Quarter of 2022 and their Year End results for Fiscal Year 2022. It is noted that Hillenbrand operates on an annual fiscal year calendar from October 1 to September 30. Over the years Hillenbrand has moved from a company predominantly based in the death care business…
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Last Friday’s calendar marked the end of the 3rd quarter of 2022 and with it the end of a quarter, and fiscal year for some, of the Funeral Director Daily Death Care Index (DCI) companies. It won’t be long and we will be hearing the financial reports from each of these companies and how they …
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A recent article published by Seeking Alpha indicates that the “Go Shop” period for StoneMor Inc., following the announcement of a potential going private sale to Axar Capital, is over. In the article the authors mention, “StonMor has been able to solicit other offers, which might not necessarily be take privates. The go-shop period is…
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Seeking Alpha author Austin Rogers makes a case for the upside future of conglomerate Matthews International. . .a company which receives about 46% of its revenue from the death care space. The article is really detailed about a little history of Matthews and where the company seems to be going in the future. Here’s a…
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