Finance
According to this recent article from Insurance News Net, an August decision from the U.S. District Court for the District of Montana will allow a 2024 filed lawsuit to proceed for Montana funeral directors who claim a “premium financing scheme cost them millions”. Again, according to the article, the plaintiffs operate the Stevenson…
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There’s always a risk when a funeral home firm acquires another location. There’s even more risk when a funeral home acquires a location that has had its license suspended by a state board of funeral directors. However, as you can read and view in this report from Pennsylvania’s WTAJ-TV News that’s exactly…
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A recent opinion article from Seeking Alpha author Lighting Rock Research concludes that “After two years of deleveraging and portfolio optimization, I think this is a turning point for Carriage Services to pursue acquisitions and grow its core funeral and cemetery businesses.” Here are a couple of bullet points from the article whereby…
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Security National Financial Corporation (SNFC), the Utah-based company that has interests in the pre-planning, insurance assignment, mortuary, and cemetery business reported their 2nd Quarter results of 2025 last week. To sum up the company’s results, both of the 2nd Quarter 2025 and 6-month 2025 financials show an “overall” increase in revenue but…
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Service Corporation International (SCI) conducted their 2nd Quarter 2025 Earnings Call where they answered questions from investment experts about two weeks ago. You can access a copy of the transcript here. During the Question and Answer session of that call SCI’s Executive Vice-President and CFO Eric Tansberger responded to a question about…
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Pension funds and endowments have the responsibility of shepherding for safety, growth, and income their assets into a multitude of investments. I’ve learned that most of those types of investors invest in bonds and private debt for income and stocks for short-term growth. Some will invest up to 5% of the assets into…
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Funeral Director Daily published this article about 17 months ago that was headlined “Carriage Services’ Mel Payne transitions to advisory role at company”. The article went on to say that Mr. Payne, who was the founder, Chairman, and CEO of Carriage Services had been in those positions since 1991. If you have…
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Matthews International, parent company of Matthews Aurora Casket, Matthews Cremation Solutions, and now Dodge Company, reported its Fiscal Year 3rd Quarter earlier this week. When you look at the report you have to look at it in somewhat a different way than their report of the 3rd Quarter of 2024. Since the…
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Orlando, Florida, based Foundation Partners Group (FPG) caught some by surprise when it announced in a news release on Monday, “a transformational milestone in its growth journey, including new ownership, increased investment in its people and facilities, and a strategic reorganization to strengthen field operations and support care teams.” The news release did…
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Last week was Earnings Release week for Service Corporation International (SCI) and readers of Funeral Director Daily are getting their second consecutive article on the company’s performance in this update. This morning’s article was headlined, “Firing on all cylinders”. Investor information network Seeking Alpha published an article last week from Lighting Rock…
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