Finance
Last week we learned of an August 1, 2024, event which required the filing of a Securities and Exchange (SEC) Form 13G. That event was the acquisition of more than 5.0% of the common stock of Carriage Services by an entity. As you can see from this form, provided by the Carriage Services…
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Today marks the end of the financial markets for the first 2/3 of the calendar year 2024. We figured that would be a good time to look at how the financial markets have treated those stocks that still remain in the Funeral Director Daily Death Care Index (DCI). We found…
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When one looks at the totality of the 2nd Quarter 2024 report for Security National Financial Corporation (SNFC) you would have to say that “overall” it was a pretty good quarter for the company —- total revenues increased 2.3% over the same period in 2023 and Earnings before Taxes jumped 15.2% to $9.3…
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Over the last couple of weeks the sale of Park Lawn Corporation to Viridian Holdings LP was consumated. Viridian Holdings LP is, according to the Park Lawn Corporation website, “a limited partnership collectively owned by Homesteaders Life Company and certain funds the general partner of which is Birch Hill Equity Partners Management…
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Matthews International, the parent company of Matthews Aurora Casket and Matthews Cremation reported their April, May, and June 2024 quarter in early August. The company reported a revenue drop of 9.4% in total and a revenue drop of 3.0% in the Memorialization segment for that quarter when compared to the same period in 2023.…
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We received this press release yesterday that spells out that Park Lawn Corporation received approval (The Final Order) from the Ontario Superior Court of Justice that allows for the transfer of ownership of the company from Park Lawn Corporation to a company called Viridian Acquisition Inc., which is a wholly-owned subsidiary of Viridian…
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Carriage Services, the large Houston-based operator of funeral homes and cemeteries, reported their 2nd Quarter 2024 financials last week. (You can access the report here.) The report marked the second straight quarter in which they have recorded over $100 million in revenue. . . posting revenue of $102.3 million in 2Q24 which compares…
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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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