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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…
Read MoreI 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…
Read MoreThe 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…
Read MoreI’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…
Read MoreOn Sunday I heard of a potential hostage situation at a funeral home in Las Vegas. According to the Las Vegas Review it was not a hostage situation but a situation of a man threatening to shoot himself inside the Davis Funeral Home in Las Vegas. Authorities were called to the funeral home, roads —…
Read MoreEvery year the National Funeral Directors Association (NFDA) publishes their Cremation and Burial Report. This year’s much anticipated copy was released on July 6, 2017. It is an interesting document filled with statistics, research, and dialogue that should be a must read for every person in the Death Care industry. You can read it here.…
Read MoreAn article I read in SouthernMinn.com piqued my interest about the potential for public relations. The article featured the small community of Blooming Prairie, Minnesota, and some of the events that were going on there in conjunction with the community’s 150th anniversary celebration. One of the events that caught my eye was that of a…
Read MoreMarketBeat recently published this comparison of StoneMor Partners vs. Carriage Services.
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