Finance
Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee. The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years. According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone…
Last week Carriage Services was the first death care related company to report its earnings for the March thru June 2022 period. As you can see from this short article from Investors Observer, they missed the numbers in both categories – Revenues and Earnings – that the analysts had predicted for them to achieve. Here’s…
According to this press release from Service Corporation International (SCI) the company is scheduled to announce the financial results of their 2nd Quarter of 2022 on Tuesday, August 2. Prior to that however, last week author Daniel Jones of Seeking Alpha penned an opinion article on the company and rated the company a “Buy” in…
A press release out of Batesville, Indiana, caught a lot of the death care profession off guard on Wednesday. That press release, which you can read here, was from Hillenbrand Industries and announced that the company would “explore strategic alternatives for its Batesville business”. Here’s what parent company Hillenbrand Industries President and CEO Kim Ryan…
There was much ado last year about Great Britain’s largest provider of funerals and cremations, Dignity plc, and their upcoming change in strategy. While not apprised of the entire situation, I do know that the company was coming under scrutiny from the Competition and Markets Authority (CMA) as well as the Financial Conduct Authority (FCA),…
This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”). The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation…
Bare, the Australian death care start-up that was founded in 2019 and already has a staff of 42 and has served over 15,000 Australians to date announced in June that it had raised AUS $10 million (US $6.82 million) in a round of Series A funding to advance their growth journey. This article from Smart…
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 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…
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…
