Finance

Finance

StoneMor Partners Reports 3rd Qtr 2017

We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission.  They have been working hard and on January 26, 2018, the company released its 3rd Quarter report – which gets the company up to date, as of the end of their 3rd quarter end of September 30, […]

Cemetery Finance

Matthews Announces Acquisition

Last week Matthews International Corporation announced the acquisition of Star Granite & Bronze of Elberton, Georgia, for $41.2 million.  According to the release from Globe Newswire that you can read here, Star Granite & Bronze is a family-owned business that manufactures and distributes granite and other memorialization products to customers across the United States. The release states that Star’s 2017 revenues were approximately $31.3 million and that the company employs approximately 200 people. Matthews plans to integrate the company within […]

Finance

Hillenbrand Reports 1st Quarter, Revises Adjusted EPS Upward

Hillenbrand Industries reported 1st Quarter 2018 earnings on January 31.  You can read the company’s press release here. President Joe Raver made the following comment, “We are off to a strong start for 2018 with continued momentum in the Process Equipment Group.  We remain closely aligned with our customers by providing applications expertise and high engineered product solutions to solve their most challenging business needs.  As a result, we delivered continued revenue growth, strong operating leverage, and a solid order […]

Finance

Death Care Index Slides in January

The Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain.  The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark of $296.15 coming into 2018. There is no doubt. after observing death care industry stocks for sometime, that they do not move as an industry, […]

Finance

Matthews Earnings beats Consensus, Memorialization Sales Slip

Matthews International Corporation reported earnings on January 25.  The consolidated company – which operates worldwide in three divisions which includes a division labeled “Memorialization” and includes Matthews Cremation Products and Aurora Casket among others – recorded an increase in sales of over $20 million system-wide for their fiscal year’s 1st Quarter.  They also produced non-GAAP per share earnings of $0.64 per share while analysts had estimated only $ 0.58 per share. It should be mentioned, however, that last years !st […]

Finance

Carriage Services Announces Dividend

Last week Carriage Services announced that they will continue with their quarterly dividend of 7.5 cents per share.  The dividend will be payable on March 1, 2018, to shareholders of record as of February 12, 2018.  This amount of $0.075 per quarter translates into a dividend yield for Carriage Services on an annual basis of 1.11% to the stock price as of the day of announcement.

Finance

Analyst Says “Get in on Baby Boom Market with SCI Stock”

I read an article published on Friday by Samuel Leathers and featured on the site, Seeking Alpha.  The crux of the article, which you can read here,  is the author’s opinion that a better way to play the “Graying of America” demographic in the stock market than senior housing and the nursing home industry is to make a play on the death care industry, and specifically, the public company Service Corporation International (SCI). Some of the opinions as presented in […]

Finance Preneed

Great Western Insurance Company to be Acquired

In an article from the Think Advisor which you can read here it was reported that Ogden, Utah based pre-need life insurer Great Western Life Insurance is going to be acquired by American Republic Insurance of Des Moines, Iowa. Great Western is a privately held life insurance company, specializing in Pre-Need funeral insurance started by a funeral industry family in 1983 – the founder, John Lindquist, still serves as CEO and Chairman of the Board.  It is reported that the […]

Finance

What Will 2018 Bring for the Public Companies?

Yesterday we gave you a recap of the death care public companies that make up the Death Care Index and their performance in 2017.  We also promised that we would bring you some ideas that we have where those companies may be headed in the year ahead.  Again, please couch your thoughts with the fact that we are experts in the funeral industry — not the stock market. Here are some thoughts we have about the public companies and where […]

Finance

Death Care Index Finishes 2017 Flat

In a year when the stock market has been tremendously rewarding to those that were invested in it, the Funeral Director Daily Death Care Index (DCI) of public companies in the industry did not fare near as well.  For the year from January 1, 2017 thru December 31, 2017, if you were invested in the S & P 500 Index you earned a return over 19%, if you were invested in the Dow Jones Industrials you earned a return of […]