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A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends. It is interesting to note that their First Quarter report that you can access here is titled,…
Read MoreWe last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3. As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…
Read MoreLast week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results. We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we…
Read MoreYesterday funeral home and cemetery public company Service Corporation International (SCI) reported their financial results for the 1st Quarter of 2020. The results were much anticipated because they are the first quarter where the “no large gatherings” rule had come into effect in funeral service. To be candid, however, those rules only came into effect…
Read MoreOver the years I’ve often thought that the business of funeral and cremation care as a business is overlooked by those that teach or write of things happening in the business world. It is not everyday that Forbes magazine does an in-depth article on our profession. Last week, Forbes featured an article that you can…
Read MoreSeeking 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…
Read MoreMost 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…
Read MoreOn 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…
Read MoreReuters 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…
Read MoreEarlier 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. [wpforms id=”436″ title=”true” description=”true”]
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