Author: Funeral Director Daily

Afternoon Edition

Top read stories and more information for you

It is our custom at Funeral Director Daily to post the top-read stories of the past 30 days at the middle of every month.  Just in case you missed one or two of them.  . here they are. In addition we are putting out some information for that you may find useful pertaining to the CANA Peer Network and new offerings from the NFDA’s podcast series, A Brush with Death. Here are Funeral Director Daily’s top-read articles from August 15 […]

Business Regulations

Mortuary school enrollment jumps 24% in 2021, even bigger jump expected this year

One of the few positives to come out of the Covid-19 pandemic may be the way that funeral directors were perceived by the public.  There’s no doubt that during the pandemic funeral directors were seen as unselfish heroes in many communities for the way they handled the high number of deaths. And it may be, that just when we need it most, that positive public perception may help the profession by supplying more trained and skilled workers just when we […]

Business Finance

Are funeral home’s values getting hit with a “Double Whammy”

A sale, or commerce if you will, occurs when a willing buyer and a willing seller reach agreement on a price for a good or service and then that price is paid from the buyer to the seller to mark the transaction.  While we don’t always think of it in that term, transactions like this happen millions of times every day. . . . from the purchase of grocery items, to the purchase of fuel, to the purchase of businesses. […]

Afternoon Edition

Seeking Alpha article touts Matthews International as “cheap dividend stock to consider”

On the same day that the Dow Jones Industrials average dropped the deepest in the past two years (Tuesday, September 13) Seeking Alpha author Austin Rogers opined in this article that death care conglomerate Matthews International (MATW) would be one of his Top 3 picks to choose as a stock in the category “Cheap Dividend stocks to consider”. Here’s a little of what was said in the article: As you can see below (in a chart), the legacy memorialization segment, […]

Preneed

Americans would rather talk about any subject than death

Recently I came across this article from the Insurance NewsNet based on a survey from health insurer, Ethos.  The article was based on what traditionally taboo subjects would people be willing to talk about.  Turns out that 81% of the people were willing to talk about Money, but at the bottom of the list came “Death” which only 32% of the survey subjects were willing to talk about. In between those extreme numbers came Mental Health -56%, Sex – 48%, […]

Business

The succession dilemma of rural funeral home ownership

Over the past several weeks I’ve had several instances which caused me to wonder “What is going to happen to rural America’s home town, home-owned, funeral homes.”  Again, it has not been one thing, but a string of instances that have made me wonder about that. For instance, I know of firms in my state of Minnesota, especially in smaller communities, that are having a hard time finding licensed staff.  And, just last week I served on a panel at […]

Finance

Anthem Partners makes 19 location acquisition

We learned last week via this press release that Anthem Partners, the Frisco, Texas, based owner and operator of funeral homes and cemeteries had acquired Serenity & Company Memorial Service.  According to the press release, Serenity & Company began in 2007 in Arkansas, but has expanded and now operates in Arkansas, California, Nevada, and New Mexico. The press release also states that Serenity & Company operates nine funeral homes and 10 cemeteries. Steven McDonald, who was the Chief Operating Officer […]

Cremation Finance Preneed

Messenger acquires Thumbies; thoughts on the “new memorialization”

In this news release from Messenger News you can read about the Messenger Company and its acquisition of the Thumbies Fingerprint Keepsakes business.  The release states that “the new addition to the Messenger family of companies will allow the Messenger team of sales representatives to offer the complete line of Thumbies jewelry in their portfolio of products, supporting the needs of funeral home partners across the country”. Kevin Tkacz, President of Messenger, added this comment, “This acquisition allows Messenger to […]

Business Regulations

The case for a free-market (funeral business) society

Last week I saw an article about the Fast Food Accountability and Standards (FAST) Recovery Act that has passed both houses of the California legislature and is awaiting a signature by Governor Gavin Newsome to make it a law.  Part of what that law would do is create a 10-person fast-food council with employee and restaurant representatives plus some state officials.  The council would then set industry-wide standards, including wages, working hours, and conditions in for-profit, privately owned restaurants. I […]

Finance

StoneMor announces acquisition of Illinois funeral home

StoneMor Inc., the Pennsylvania based operator of funeral homes and cemeteries announced the acquisition of Anderson Funeral and Cremation Services of Belvidere, Illinois, last week.  According to this press release from StoneMor, company CEO Joe Redling said of the acquisition, “StoneMor’s acquisition of Anderson Funeral and Cremation Services is a valuable strategic move for us in the northern Illinois market.  Anderson Funeral and Cremation Services has been serving the families of northern Illinois for many years and is a deeply […]