Finance
Editor’s Note: I am out of the office this week. Because of that FDD will not be publishing an article on Tuesday or Thursday. I hope you enjoy the articles for Monday, Wednesday, and Friday I have scheduled. # # …
Read MoreValue investor and self-described contrarian investor John Snyder wrote an article for Seeking Alpha that you can read here entitled, “Why I’m buying StoneMor”. We will leave the facts at that and I will give my opinion on the piece below. Funeral Director Daily take: This is an article that will cause all experienced funeral…
Read MoreToronto based funeral industry company Park Lawn Corporation released a press release that you can read here about its 2018 year end performance earlier this week. As you may know Park Lawn Corporation has grown greatly this year by acquisitions including The Signature Group, CMS Mid-Atlantic, and Citadel Management in the United States as well…
Read MoreCarriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018. According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a…
Read MoreFor those of you who follow the public companies in the death care industry we at Funeral Director Daily have initiated coverage of what we call the Death Care Index (DCI) for the last couple of years to help you get a context of how our industry is comparing to the market as a whole. …
Read MoreAustralian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million). You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic…
Read MoreEvery so often someone asks me what I think of the funeral/cremation/cemetery companies that are in the public ownership realm. So, today I will start giving you my opinions of what I think each is trying to, or should try to accomplish. Each in this series of write ups will be my day to be…
Read MoreIn a release from Globe Newswire that you can read here, Security National Financial Corporation’s wholly owned subsidiary, Memorial Mortuaries and Cemeteries, announced the acquisition of two funeral homes in Utah. Security National Financial Corporation is a Utah based public company and is engaged in three business segments — life insurance, cemetery and mortuary, and…
Read MoreOn February 22 Carriage Services executives including CEO Mel Payne and Chief Financial Officer Ben Brink held a call with investment advisors relating to the Full Year 2018 results of Carriage Services. You can read a full transcript of that call here. A few days ago we reported on the earnings report in this column…
Read MorePark Lawn Corporation, the Toronto based cemetery and funeral home consolidator announced last week that they had reached an agreement to purchase Madison, Wisconsin based Cress Funeral Service for US$ 20.3 million. You can read a press release from Park Lawn here. Park Lawn, in their press release, makes these statements: The price to be…
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