funeral financing
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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Earlier this week Park Lawn Corporation (PLC) announced that it had reached a definitive agreement to acquire substantially all of he assets of Ward Funeral Home Limited. Ward Funeral Home Limited operates three stand-alone funeral homes in the Greater Toronto, Ontario, Canada area. Here’s what Park Lawn Corporation CEO J. Bradley…
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The last ten days or so most of America, and the rest of the civilized world, has wondered about the safety of the banking industry. As this is being written on Friday, March 17, we’ve already seen American banks Silicon Valley Bank (SVB) and Signature Bank closed by regulators and have seen some…
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I ran across this article the other day that is entitled, “Financing a Funeral: Crowdfunding, insurance, credit cards, loans, and payment plans”. The article comes from a publication called “The Enlightened Mindset” and appears directed towards the consumer. I don’t think it is a “bad” article, but you can also tell it is not…
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This article picks up on yesterday’s discussion of what could happen as more crematories are built expanding the supply of crematories in the United States. Yesterday’s discussion then went to the thought process and question of, “Will this excess capacity in cremation move cremation to a lower and lower retail cost as death care companies…
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Upon the heels of a very profitable quarter and yearly report of funeral and cemetery consolidator Carriage Services, Moody’s Investor Services last week raised the credit rating of the company as you can see in this article here. A better credit rating should drive down borrowing costs for Carriage Services and, according to the Year…
Read MoreIn this public relations release from Globe Newswire you can read that Axar Capital Management has withdrawn its proposal to acquire all of the outstanding shares of StoneMor Inc. and take the company private.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…
Read MoreThis article from the Sydney Morning Herald relates to the Australian Securities and Investments Commission (ASIC) that, according to that article, commenced action last week against funeral and accident insurance company Select AFSL and its director, Russell Howden. The article mentions that the company faces a lawsuit from Australia’s corporate regulator over what they call…
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