Funeral Director Daily
Global pre-need provider, Assurant, traded at a yearly high yesterday of $106 per share. You can read about it here. Today also tips off earnings week releases of most companies in the Death Care Index (DCI). Carriage Services and SCI will report after market close today followed by Matthews International tomorrow. Assurant and Hillenbrand Industries…
An article entitled, “This is Australia’s Most Expensive City to Die in” caught my eye. However, in reading the article which was published in Australia’s Startsat60.com the main point about the difference in city’s costs was not what intrigued me. The article points out that in Australia an average funeral with burial would cost about…
Since 1986 the country of France has banned the embalming of bodies of those who have been known to host the HIV virus. On Thursday, July 20, 2017, that ban was lifted according to an article we found in The Local, France’s English language paper. According to the article embalming is generally done on about…
Yesterday’s edition of the Morning Call, a newspaper covering the Lehigh Valley in Pennsylvania carried an article about a new crematory receiving permission to be installed by the Fullerton Wilbert Vault and Burial Company in the Lehigh Valley. It goes on to say the the zoning board unanimously approved the installation for a business that…
I woke up Tuesday morning and noticed that Stonmor’s stock had plunged almost 11%. In checking it out I noticed that the company issued a statement that they are in technical default on their revolving credit agreement and they mentioned that they may have more adverse events occur in mid-August. The stock was trading at…
I happened to be watching a funeral industry podcast today and this question was asked of the “Expert” , “What value to the sale are pre-arrangement contracts that are not tied to the funeral home, but could be moved?” The expert’s answer was something like this, “Absolutely nothing. They can be moved to a competing…
The first time I visited Hawaii was in 1988. I’d been working as a funeral director for about eight years at the time and knew that funeral service in Hawaii was a little bit different than in Minnesota simply because of the oriental and polynesian cultural influences on the customs as well as the, at…
I’m using Friday’s column to catch up with some things I’ve seen in the industry concerning acquisitions over the past 2-3 weeks. It’s interesting but not surprising that we continue to see acquisitions in the industry over that time period. In the last three weeks we have seen: Thacker Casket acquire Madison Casket Company. According…
