There is a saying where I come from that says, “It’s summer time and the living is easy”. It conjures up thoughts of being on the golf course, and at the lake, and evenings around the fire pit — in general just simple laid back easy times to relax with family and friends. From what I’ve seen in the press releases lately though, it looks like the financiers and accountants in the death care industry may not be having it […]
I read this interesting article on Saturday morning from Yahoo Finance’s Morning Brief entitled “What to expect from a recession everyone sees coming“. The author of the article makes this statement, “. . . recessions can be mild and short if the causes are anticipated and less systemic, and more severe and longer if they are unexpected and less intertwined with the core economy“. The article and the recent turbulence in the stock market gave me reason to look at […]
There is an insurance company that used to use the slogan “The Quiet Company”. That company was, and still is, known as one of the most successful life insurance companies in America. . . . The “Quiet Company” claim came, at least to my way of thinking, from the idea that they used captive agents who did good old-fashioned client prospecting for the right type of clientele on an individual basis within a culture that was humble and quiet about […]
Last Friday when Funeral Director Daily published an article entitled “Is it time to buy funeral home stocks” unknown to us Seeking Alpha author Mat Litalien was publishing an article about Park Lawn Corporation. It was entitled “Death and Taxes” and gives a synopsis of Park Lawn Corporation and he concludes his article by saying “For a stock like Park Lawn, management’s track record is an important factor in the company’s future success and the future looks bright for Park […]
According to this release from BusinessWire direct-to-consumer company Titan Casket has secured $3.5 million in seed funding to expand its operations in the United States. The round of funding was led by Reformation Partners. The release continues as it says, “As Titan continues to expand its product and service categories with the addition of eco-friendly caskets, urns, flowers, and funeral pre-planning options, this funding will be used for product development, ensuring faster delivery speeds of only 1-2 business days for […]
Earlier this week I read this article from Yahoo Finance authored by Brian Sozzi. The article is entitled “Consumers have to face that nasty inflation is here to stay for awhile”. The article goes on to mention that, at least in Mr. Sozzi’s opinion, skilled workers are too few in number to meet the needs of post-pandemic businesses and that is leading to wage inflation. He doesn’t see a stop to that phenomena in the short term and for that […]
Security National Financial Corporation (SNFC), the Utah based company that has three separate business segments including those that operate in the retail mortuary and cemetery space, the preneed insurance space, and is also the parent company of C & J Financial, had very mixed results in the 1st Quarter of 2022 as seen in their press release here. The company’s largest, by revenue, segment is their Mortgage Segment and as you can imagine home prices and interest rates played a […]
In a press release issued at the beginning of business yesterday, Wednesday May 25, StoneMor Inc. announced that the company had agreed to a “definitive merger agreement under which a subsidiary of Axar Capital Management, LP (“Axar”) will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by Axar as to which dissenters’ rights are not perfected will be converted into the right to receive $3.50 in cash per share.” You can read […]
Here’s what StoneMor Inc. CEO Joe Redling had to say about the company’s 1st Quarter of 2022 during the company’s earnings call on May 12 which you can access here, “During the first quarter, we achieve(d) 4% year-over-year growth in our pre-need sales production. And this is against the first quarter of 2021. That was up 45% against the first quarter of 2020. We achieved this growth through a concentrated sales effort, including a focus on volume and pricing optimization. […]
Dignity plc, Great Britain’s largest funeral home and crematory operator announced last week in this report that you can see from Morningstar, that their 1st Quarter 2022 revenues and operating profits fell considerably over the same period of 2021. However, it also appears that Dignity plc was able to increase their market share for services conducted in Great Britain. Financial performance was affected by the decision of Dignity plc in September 2021 to reduce its prices to the consumer after […]
