Finance
According to this press release from Park Lawn Corporation, the funeral home and cemetery consolidator added what they call their Taos Memorial Gardens adjacent to their existing DeVargas Funeral Home in Taos, New Mexico. In a prepared statement from the press release Park Lawn Corporation Chief Executive Officer Jennifer W. Hay made this…
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This article from Yahoo Finance will inform you that the major indexes of the American stock market all closed at record highs last Friday. During the same week the 3rd Quarter of the year closed and the Funeral Director Daily Death Care Index (DCI) reported a close that indicated a 3.60% increase for…
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Morgan Stanley, a global financial services firm that provides a wide range of products and services, including investment banking, wealth management, consumer banking, and brokerage services, recently made this comment in an article, “Life insurance companies have rapidly evolved into influential players in the credit markets. Their growing footprint is not merely a function…
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Public funeral home operator Propel Funeral Partners released their Fiscal Year 2025 results recently and the results which cover the period of July 1, 2024, to June 30, 2025, show higher revenue and higher net profits for the company. On the downside, however, Propel Funeral Partners (PFP) showed a contraction in funeral volumes…
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According to the company website of Carriage Services they operate 23 locations in the state of Florida. It appears that as of last week when we received this press release from Carriage Services that they are adding two more funeral homes to that total. According to that press release Carriage Services has acquired the…
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I read a lot of different articles. Recently I read an article about investing that contrasted “Dividend Investing” and “Growth Investing”. The article was very interesting but it also made me think about my time as a funeral home owner and how I managed the profits, or cash-flow, of the business. In…
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It’s been pretty easy to recognize that the management team that replaced founder and long-time CEO Melvin Payne at Carriage Services has been building the foundations of the business in order to begin once again making acquisitions for growth. That has probably been a necessary strategy but it also was noted by some investors…
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There is no doubt that while many investors (and President Trump) have waited for the Federal Reserve to set lower interest rates going forward and negotiated tariff rates lots of other investors have simply stayed invested and have found gains in the stocks of the S&P 500, the Dow Jones Industrial Average, and…
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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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