Finance
I’ve written before about Peter Lynch’s 1989 best-seller “One up on Wall Street”. It was a learning book for me and one where I had a coming of age introduction to different types of investing. One of Lynch’s topics in the book was the death care company Service Corporation International (SCI). He likened the company…
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Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years. Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine. On…
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Australia’s largest provider of death care services, InvoCare, issued a statement on their 2021 Year End results last week. In that statement they announced that they had returned to profitability with an after-tax profit of AUS $ 80.2 million (US$ 57.2 million) after going through the drastic Australian lock-down year of 2020 with a loss…
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Park Lawn Corporation (PLC) the public company whose website tells of the company owning and operating 138 funeral homes and 135 cemeteries located in 16 states and 3 Canadian provinces, reported their 4th Quarter and Year End 2021 results last week. And, like other public companies they were able to report success in almost all…
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There is no doubt that the world is a smaller place today because of the information that can be received instantaneously. Look no further than war reporting and satellites in the sky — during World War II information on battles took days to reach American civilians while today reporters are in the field and send…
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I think it is fair to say that Melvin Payne, CEO and founder of Carriage Services is an unusual leader — but, it is also probably fair to say that Payne’s style of leadership has been effective since the inception of Carriage Services in 1991. In last week’s published 2021 4th Quarter and Year End…
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Recently Service Corporation International (SCI) reported on their 2021 financial results. As is customary, SCI’s top officers then took part in a discussion with financial services analysts on the results and other thoughts as how they relate to the company moving forward. You can see a transcript of that discussion here. What we have done…
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Funeral service company Service Corporation International (SCI), the largest owner of funeral homes in North America announced their 4th Quarter 2021 and 2021 Year-end results earlier this week. You can see a press release of the entire announcement here. Here’s how SCI’s CEO Thomas Ryan summed up the 4th Quarter of 2021 for the company,…
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We expected 2022 to be a year of mergers and acquisitions in the funeral home business. However, we are also quickly learning that the marriages of companies will not be confined to those in the funeral home business, but in death care suppliers as well. Last month we reported on Wilbert’s acquisition of Memorial Monument…
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Hillenbrand Industries, parent company of Batesville Casket, reported their Fiscal Year 2022 1st Quarter last week. The First Quarter of their fiscal year represents the months of October, November, and December 2021. You can read the entire report on the company’s 1Q 2022 here. While Hillenbrand Industries is a conglomerate of companies, they still…
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