Finance
I happened to see that at the close of the markets Friday that funeral home and cemetery operator and consolidator Park Lawn Corporation’s stock closed down over 9% from the previous day. I looked for news on the company but could not find anything in the public world that would cause a precipitous drop in…
Read MoreWhere were you when you first realized that the coronavirus may be something serious and you changed your course of habits to manage your lifestyle more safely? Angie and I were on a scheduled flight out of Honolulu returning to Minneapolis on February 1, the day after President Trump had instituted the flight ban from…
Read MoreIn this release from Foundation Partners Group you can read about their new acquisitions on the west coast of Florida. The Orlando based company announced on Wednesday, June 10, that they had acquired two firms with common ownership in that area. It was announced that Foundation Partners Group (FPG) acquired the Jennings Funeral Home and…
Read MoreBack on May 18,2020, Security National Financial Corporation (SNFC) reported its 1st Quarter 2020 results that encompassed the period from January 1, 2020 to March 31, 2020. The results, which you can see in a press release here, showed that the company increased revenues in the period compared to the prior year’s revenue by 29.2%…
Read MoreThis press release from Globe Newswire indicates that the StoneMor, Inc. has received a “Going Private” proposal from Axar Capital as of May 24, 2020. In the proposal, Axar Capital Management, which is an approximately 52% owner of StoneMor, Inc., has proposed paying $0.67 per share to purchase all of the outstanding shares of the…
Read MoreA short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends. It is interesting to note that their First Quarter report that you can access here is titled,…
Read MoreHillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of…
Read MoreStoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week. These results cover the period from January 1 to March 31, 2020. You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto…
Read MorePropel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year. That is a 22%…
Read MoreWe last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3. As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…
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