Tag: sci

An update on some recent articles. . . .bus casket, SCI buildings
Uncategorized

An update on some recent articles. . . .bus casket, SCI buildings

Just last week we wrote of a Minnesota funeral director who had taken the time, effort, and expense to customize a casket to look like a school bus for one of the beloved citizens of his community.  That person, who drove a school bus in the small community for 55 years, recently died and his funeral service was held last Friday.  Here is a news video and story about the funeral and the funeral director who made it happen. We […]

Carriage Services reports 4th Quarter and Year End 2019
Finance

Carriage Services reports 4th Quarter and Year End 2019

  Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019.  They also provided commentary on how they believe that the company will move in the next three years.  I will provide some factual information in this report but also my opinions.  Please note I am not a stockholder in Carriage Services at this time. You can access their February 19 press release related to earnings […]

Park Lawn CEO Andrew Clark announces departure
Finance

Park Lawn CEO Andrew Clark announces departure

Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company.  You can read the press release here. The release quoted Clark as saying, “It has been a tremendous privilege to lead PLC and build a strong and highly capable management team over the last eight years.  I am grateful to have led a […]

SCI reports 4th Qtr and Year End numbers
Finance

SCI reports 4th Qtr and Year End numbers

Even though yesterday was the President’s Day holiday and the markets were closed across America, Service Corporation International took the opportunity to report their financial numbers for the 4th Quarter of 2019 and also for the Year End 2019.  We will just report some of the numbers today and after we have a chance to digest the company’s conference call with brokers we will add more commentary. Here is a report from SCI on 4Q 2019 and Year End 2019. […]

Chinese funeral directors working 24/7
Uncategorized

Chinese funeral directors working 24/7

Simply because this is happening in real time we thought we would link our readers to an article that appeared in the Epoch Times yesterday relating to an interview with a funeral director in Wuhan, China, and the work he has been doing, because of the coronavirus,  over the past week. A Mr. Yun is interviewed in this article and states that since January 28, “90% of our employees are working 24/7. . . we couldn’t go back home”.  Mr. […]

Park Lawn Corporation completes acquisition
Finance

Park Lawn Corporation completes acquisition

Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an  acquisition announced earlier in the year.  The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations.  The acquisition also includes the membership units of WG-TN, LLC. The press release also indicates that the closing excludes one stand-alone funeral home that Park lawn Corporation had intended to purchase […]

SCI lists another iconic chapel for sale
Business

SCI lists another iconic chapel for sale

Not so long ago we told you in this article about Service Corporation International (SCI) closing and selling the historic designated landmark H.M. Patterson & Son Chapel in Atlanta, Georgia.  That chapel had served for 91 years as the flagship chapel for H.M. Patterson in the Atlanta area. We recently learned that SCI has listed the 30,000 square foot historic Hazen & Jaeger Funeral Home building at 1306 North Monroe Street in Spokane, Washington, for sale also.  The building dates […]

Public funeral home companies and 2019
Finance

Public funeral home companies and 2019

I will preface this article to say that it is being written on Friday, January 10.  Because of that all prices quoted come from the end of the day on Thursday, January 9.  I will also say I am not a stock security analyst and all opinions are mine alone.  Finally, I do own stock positions in Service Corporation International and Park Lawn Corporation. With that said, I thought it might be fun to compare what these public funeral home […]

Landmark SCI chapel to close today
Business

Landmark SCI chapel to close today

According to this article from the Atlanta Journal-Constitution, the 91-year old H.M. Patterson and Son Spring Hill Chapel in Midtown will be closing at the end of business today – Friday, January 10.  The funeral business and its adjacent gardens, which had reached “Landmark Status” was purchased by a developer in December. The new owners, Portman Holdings say, “we intend to preserve the chapel and will engage a design and construction team with the relevant experience”.  It is expected that […]

Service Corp purchases Louisiana based properties
Finance

Service Corp purchases Louisiana based properties

At least one source has indicated in a news story that Houston based Service Corporation International (SCI) has purchased historical family funeral business properties in Baton Rouge, Louisiana.  The Greater Baton Rouge Business Report reported yesterday in this article that SCI has, at a minimum, purchased the property of the Rabenhorst Funeral Home in Baton Rouge. According to the Rabenhorst web-site that you can access here, the funeral business has two locations – Rabenhorst Downtown and Rabenhorst East.  According to […]