Finance
StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years. That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears…
Read More
A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation. The press release also states…
Read More
Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million. This positive swing was accomplished despite Revenue dropping about 1%…
Read More
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…
Read MoreSince 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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
