Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”. You can read the full article here. Spooner says that “the death care industry stocks have sold off with the rest of the market, and although revenues from services are being squeezed by social distancing, it is likely that funeral services […]
Most people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”. The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America. The death care market is believed to be about $21 billion in annual revenues and StoneMor is believed to have about 1.5% of that market. It is believed […]
On April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results. StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year End financial press release here. For the full year StoneMor reports that their revenue dropped about 8% to $289.5 million from 2018’s $316.5 million. The […]
Reuters published an article yesterday that was picked up by the New York Times today. It is headlined, “As coronavirus hits memorial services, U.S. funeral homes struggle to adapt”. You can read the article here. The article picks up on the Seeking Alpha article that we made available to our readers yesterday bearing somewhat on the uncertainty of what is happening with the death rate amid the COVID-19 challenge. The article makes specific references to funeral homes that are working […]
Earlier today Seeking Alpha News Editor Yoel Minkoff put out a short piece entitled, “Tough times for U.S. funeral homes“. Oppenheimer securities analyst Scott Schneeberger is quoted in the article. You can access the short article here.
Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios. What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico. It is no secret that […]
Yesterday I received an opinion article from Seeking Alpha entitled, “The Cornovirus’ Potential Impact on Service Corporation International’s Stock Price”. I will say that I do not have a personal opinion on this article but make it available simply because it is a public article on the virus and its potential impact on funeral services, at least according to one writer. You can read the article here.
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 […]
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 […]
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 […]