Finance
In the world that we are living in, it is certainly not unexpected, but to see Batesville’s sales soar 30% for the October, November, and December quarter is both mind boggling and sobering. It is, in my opinion, mind boggling simply to see any company, without a major acquisition, grow their sales by 30% in…
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Earnings period is upon us again in the death care industry. Over the next 8 weeks the eight death care public companies that make up the Funeral Director Daily Death Care Index (DCI) will report sales and earnings for the October, November, and December periods. To those on a calendar year accounting format that will…
Read MoreAccording to this article National Guardian Life (NGL), a mainstay in the funeral preneed insurance market, has announced that it has acquired the company Everplans. Everplans is described in the article as a digital life planning company that “helps consumers store, organize and share important documents online, and helps users get started with estate planning.”…
Read MoreBack in 1962 Robert L. Waltrip owned one family owned funeral home in Houston, Texas. And then everything changed when he purchased his second funeral home in Houston. That led to his adding a 3rd funeral home and forming a company, now known as Service Corporation International (SCI), that owns and operates over 1900 death…
Read MoreWhile I have not stayed up to date on the federal government dictates of the Biden administration, the moratorium on student debt payment is, I believe, ending on February 1, and may be extended. The moratorium program has proven to be well received, as according to the article mentioned in the next paragraph, almost 90%…
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Last week we received news that Foundation Partners Group, the Orlando based funeral, cremation, and cemetery business operator made another acquisition that added eight death care locations to its portfolio as well as a pet death center. The company purchased Cascade Funeral Directors, Inc. (Cascade) which encompassed the aforementioned companies. The acquisition added locations in…
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As we wrap up another week at Funeral Director Daily we bring you some news that is seeming to happen because of the COVID situation and some news that just continues to happen as business opportunities present themselves regardless of the COVID situation across the world. Our first item, that we cannot remember happening in…
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It didn’t take long into 2021 to hear of news on the acquisition front. This press release will tell you of the Foundation Partners Group (FPG) acquisition of three funeral homes in New Mexico. According to the press release the company acquired the Riverside Funeral Homes located in Albuquerque, Los Lunas, and Santa Fe, New…
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In a report from last week, MarketBeat made comments about the stock of Carriage Services. You can read the article here where MarketBeat states that one analyst rates Carriage Services a “Sell”, one analyst reports Carriage Services a “Hold”, and three analysts rate the company a “Buy”. The report also points out, over the past…
Read MoreThere are a lot of reasons that people may look to get the year 2020 in their rearview mirror. However, when you look individually at the performance of the public companies in the death care realm for the calendar year, my guess is that almost all of them would be happy to repeat the year’s…
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