Funeral Director Daily
Today we introduce the Funeral Director Daily “Death Care Index” or DCI of the public equity markets. The DCI will consist of six publicly traded companies that deal in the funeral, cremation, cemetery, and pre-need industries and are publicly traded. The companies, which we will describe below, include Matthews International, Service Corporation International, Carriage Services,…
Read MoreA recent article by NBC News Business has highlighted the seemingly rapid trend in the funeral/cremation business. That trend, becoming somewhat popular among the baby boomer generation, is celebrating the life of the deceased with alcohol at the wake/visitation or post funeral. Funeral firms are searching for just the right way to offer this type…
Read MoreAssurant, Inc., parent company of Assurant Pre-Need, has received a rating of A (Excellent) in its Financial Strength Rating (FSR) according to a note in Business Wire of March 2, 2017. Best also affirmed the FSR rating of A- (Excellent) for the life and health subsidiaries of Assurant. According to the article Assurant’s ratings recognize…
Read MoreThere is no doubt that funeral service has changed. There is also no doubt that funeral home owners care about the people they serve. In search of all possible therapies for people in grief and need, the Greenlawn Funeral Home of Springfield, Missouri, has added a comfort dog to its staff. In an article from…
Read MoreAn interesting legal battle is taking shape in Port St. Joe, Florida, where Casey Whatley has received preliminary permission to open a funeral home in a building that has been vacant since 2008 and once had been operated as a Whatley Funeral Home. The plaintiffs contend that a license for operation had not been issued…
Read MoreA release from the Associated Press announced that the community of Farmersville, Texas, some 35 miles northeast of Dallas and a community of 3500 residents is square in the cross-hairs of America’s issue with the Muslim religion. On Monday night a group led by Shamsur Rahman moved a step closer to getting permission from the…
Read MoreEdward Leon, an owner of two other mortuaries in the Sonoma Valley has purchased the Duggan Mission Chapel in Sonoma Valley according to an article in the Index Tribune. The Duggan family is well known in funeral home circles in Northern California where relatives still own mortuaries in San Francisco and Daly City. According to…
Read MorePrices are dropping for cremations in western Kentucky according to an article in the Paducah Sun. Lyman Hutcheson, managing partner of the Cremation Society of Paducah and two local funeral homes is quoted as saying, “Pricing shouldn’t be a mystery”. Hutcheson installed a crematory in Paducah seven years ago when the historically low cremation rate…
Read MoreCarriage Services (NYSE:CSV) a publicly traded funeral and cemetery services provider has been rated a Strong Buy by three brokerage analysts that cover the stock. The stock closed at $26.55 on Friday, but analysts are looking for a one year price estimate of $30.50. The company also noted that a dividend of $.05 per share…
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