Finance

From the business world. . . . .

By Funeral Director Daily / July 31, 2019 /

As we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend:  The British funeral home conglomerate announced on Wednesday…

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SCI reports 2nd Qtr, mid-year results

By Funeral Director Daily / July 30, 2019 /

Service Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday.  SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because…

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BOOX Research rates SCI as “underperform”

By Funeral Director Daily / July 24, 2019 /

BOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here.  It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of…

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Australia’s InvoCare makes another acquisition

By Funeral Director Daily / July 22, 2019 /

It was announced last week that the largest provider of death care services in Australia and New Zealand would be making another acquisition. InvoCare announced last week that they would be purchasing Australian Heritage Funerals located in Toowoomba, Queensland.  According to an article and news video you can read and see here, the closing will…

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Earnings week fast upon us. . . DCI moving up

By Funeral Director Daily / July 17, 2019 /

If you follow Wall Street and the American stock market you will know that we are in the period of the summer where public companies start to report their earnings as of June 30.  For most of the companies who operate on a calendar year this is their 2nd Quarter results and gives investors a…

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Foundation Partners adds Denver locations

By Funeral Director Daily / July 8, 2019 /

It was announced last week that Orlando based funeral and cemetery operating company Foundation Partners Group had acquired All-States Cremation and its three associated businesses in the state of Colorado.  The acquisition marks Foundation Partners entrance into the rapidly changing Colorado market.  You can read more about the transaction from this press release. All-States Cremation,…

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StoneMor Partners announces recapitalization transactions and strategies

By Funeral Director Daily / July 3, 2019 /

If you follow the death care industry you would know that it is no secret that the long-term viability of StoneMor Partners has been in question.  Since 2016 their publicly traded stock has dropped from over $25 per share to a low last week of $1.44 per share.  In 2017 and 2018 alone the company…

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Park Lawn makes Texas acquisition

By Funeral Director Daily / June 28, 2019 /

Canadian funeral home and cemetery consolidator Park Lawn Corporation announced yesterday that they had made an acquisition in Houston, Texas.  According to a company release that you can read here, Park Lawn acquired Integrity Funeral Care of Houston for a non-published price. Park Lawn’s United States headquarters is based in Houston and the press release…

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Ling opines: “Death stocks . .clinging to life”

By Funeral Director Daily / June 25, 2019 /

Financial writer Benen Ling published on Seeking Alpha an article on the United States public funeral home and cemetery companies last week.  He titled his article, “These Death stocks are barely clinging to life”.  You can read the article here. Ling writes a good article and makes some great points about our profession and the…

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Bank of America on Service Corporation International

By Funeral Director Daily / June 19, 2019 /

Last week a short article was written and published by the business channel CNBC on the merits of investing in death care company Service Corporation International.  You can read that article here. The article states that in the majority of the last economic downturns that Service Corporation has fared better than most stocks due to…

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