Finance
When public companies report their financial numbers each quarter, it is pretty much expected that matured companies have practical and easily understood numbers in comparison to what their financial numbers were for the previous comparable quarter of operations. In that regard you would look for the results of funeral home and cemetery…
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Mathews International’s sales rose about 7.8% year over year for their 2nd Quarter of 2023 as compared to the same quarter of 2022. Matthews is on a fiscal year so their 2nd Quarter comprises the months of January, February, and March. Most of the sales increase occured in Matthews Industrial Technologies segment. …
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It’s been an interesting month to be watching what is happening in the South Pacific if you are a investor in the death care business. TPG Capital, a large United States private equity company, made an unsolicited offer for InvoCare, the largest death care provider in Australia and New Zealand about one month…
Read MoreAccording to Wikipedia, which may or may not be accurate at this date, Co-op Funeralcare in Great Britain operates over 1,000 funeral homes in Great Britain and Dignity plc operates about 795 facilities across the same landscape. If you assume that those numbers are somewhat accurate you would then surmise that Dignity plc…
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In this press release, that was released on Tuesday, April 11, we learned a little more about the evolution of StoneMor Inc. as it has transformed to a private company from a public stock ownership company. The press release announces that StoneMor Inc., and its grouping of 389 cemeteries, funeral homes, and cremation…
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Disagreements can be a part of any transaction. Today I’ll touch on a lawsuit that was filed last week that once again shows the importance of due diligence being necessary in any transaction. Last week we learned through this Wall Street Journal article that Mexican funeral service provider Servicios Funerarios had filed…
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Last week death care conglomerate Security National Financial Corporation reported their 2022 Year End results. As I was reading the press release, which you can access here, it occurred to me that their businesses were affected exactly as you would have thought considering the happenings in America’s business and social environments during…
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Natural Organic Reduction (NOR), sometimes referred to as “human composting” may not be my ideal choice of body disposition. But, that thought does not make me any less of a fan and admirer of Recompose founder Katrina Spade. Spade, in only a few short years has moved NOR from idea to proven…
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It’s been an interesting first quarter if you are invested in the stock market. We’ve seen interest rates continue to rise and we’ve seen popular opinion on what that might do to technology companies vary. In addition, we’ve seen technology companies reduce their workforce even as some of their stock prices have increased.…
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This article from Business News Australia, that came out on Monday, March 27, indicates that Australia’s largest provider of death care services, InvoCare has rejected a non-solicited offer of $Aus 1.8 billion (United States $1.2 billion) from American private equity player TPG Global made earlier this month. According to the article, TPG…
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