Finance
Eirene Cremations, the Toronto based direct-cremation business seems to have vanished from the world of Death Care. It was not so long ago that the company announced expansion into Western Canada and the state of Florida from their Toronto base. Then only a couple of weeks ago Funeral Director Daily was told…
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We reported on the 2nd Quarter of 2024’s results for Service Corporation International (SCI) in this morning’s edition of Funeral Director Daily. Prior to that report coming out on Augut 1, Seeking Alpha author Daniel Jones authored an article on SCI on July 28, 2024. That article was titled “Service Corporation International: Thoughts…
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Service Corporation International (SCI) reported their 2nd Quarter 2024 report last Wednesday and if the stock market is an indication, because as I write this on Thursday morning SCI stock is off its Wednesday close by over 7%, that report, that you can access here, brought to light some of the issues challenging…
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Next week we will be commenting on how the public companies in Death Care have done over the 2024 2nd Quarter, but it is always good to be reminded that the individual owners and operators are the ones that truly drive funeral and cremation care. . . . .And, it’s good to be reminded…
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If you missed Tuesday morning’s article entitled “The ‘Roll-up” model. . .these analysts don’t think it is so great”, because of our technology issues, you can access that article here. It was no surprise that Park Lawn Corporation shareholders approved the sale and take-private movement of Park Lawn Corporation in…
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It’s interesting that on the same weekend that I was putting together yesterday’s article on the July 29 Park Lawn Corporation vote on acceptance of an offer to take the company private I uncovered a current article and podcast dating from July 12. The article, from Intelligent Investor of Australia, deals primarily with…
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It suprised many in the Death Care community when this press release came out late on Monday, June 3, announcing that a new company, made up of preneed provider Homesteaders Life and private equity firm Birch Hill Equity Partners, would be seeking to acquire publicly-operated funeral home and cemetery business Park Lawn Corporation.…
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I came across this recent article from Yahoo Finance titled “Climate change is ending the Sun Belt boom” and it reminded me how demographics can and will affect the operations of your funeral home. The short article was very interesting and contends, with the use of decade maps over the past 50 years…
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It was recently announced in this article from the Fillmore County Journal that Hoff Funeral and Cremation Service recently acquired the former Riley Funeral Homes in both Lanesboro and Chatfield, bringing their number of locations in southeast Minnesota to eight. The 3rd generation funeral business has quietley grown itself into one of Minnesota’s…
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It’s been less than a month since a partnership of Homesteaders Life and private equity firm Birch Hill Partners announced their intention to acquire 100% of public funeral home and cemetery operator Park Lawn Corporation. As a matter of fact we are still about three weeks out from the July 29 stockholder vote…
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