Finance
Matthews International, the conglomerate company with their largest portion of sales in Death Care, or what they call their Memorialization Segment, reported gross sales for their First Fiscal Quarter (October thru December 2023) of 2024 coming in at $450 million as compared to $449.2 million for the same period one year ago. …
Read MoreIt seems that many of our readers are interested in how the public companies around the world that deal in the Death Care businesses are doing. . . .And, it also appears that they crave any information that they can find on these companies. Since there are not too many of these…
Read MoreWhen funeral home, cremation, and cemetery company InvoCare was taken private last year by private equity firm TPG Global it pushed Propel Funeral Partners Limited to be what we believe is the largest publicly-owned death care provider in Australia and New Zealand. And, Propel Funeral Partners is not standing still as this article…
Read MoreIn a year when the “Magnificent Seven” technology stocks led a robust rebound in the technology heavy NASDAQ stock index it appears that investors in traditional funeral home and cemetery public companies looked on with a wary eye as to how those companies would fare moving into the next stage of death care…
Read MoreWe learned last week that a transaction announced in October 2023 had been closed prior to the New Year. The transaction that you can read about in this press release from Park Lawn Corporation included the sale of 72 cemeteries and 11 funeral homes, and one crematory from Park Lawn Corporation to Everystory…
Read MoreEarlier this week I mentioned in an article that I believe that 2024 could see major merger and acquisition moves in the Death Care space. First of all, I opined that there is a lot of private equity dollars sitting on the sidelines and I coupled that with the fact that I seem to…
Read MoreI think it is fair to say that overall investors have been wary of the inflationary environment and rising interest rates over the last couple of years. However, one side benefit to that wariness may be, according to this article from Marketwatch, that “capital waiting to be deployed” in the private equity market has…
Read MoreThis article from Seeking Alpha suggests that the largest funeral home and cemetery operator in North America, Service Corporation International (SCI) is a buying opportunity for investors. To that end, the article makes these points: “Historically, SCI has delivered very strong financial performance and shareholder returns.” “. . .growth has been fueled by a…
Read MoreIt’s Friday and going into the weekend it’s always nice to have something to think about. . . . How about this for today. . This article from Seeking Alpha looks at the past fiscal year for Matthews International and uses that information as well as what they gleaned from the…
Read MoreIf you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism. After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…
Read More