Finance
Funeral Director Daily: As we do from time to time, I have included an article that was put out yesterday by Kenny Robinson of Seeking Alpha on Service Corporation International. The article, that you can read here, is an in-depth investment piece that I put out with no opinion other than to say it is…
Read MoreAt least one source, Zack’s Investment Research, predicts an upside earnings report for Matthews International when they report earnings for the quarter ended on March 31, 2018, on April 26. Zack’s estimates an earnings of $0.89 per share as compared to earnings of $0.84 per share for the same quarter last year and $0.64 per…
Read MoreSecurity National Financial Corporation, the Salt Lake City company that competes in the to the consumer funeral and cemetery business reported that their corporate “after tax” earnings from operations increased 15.8% year over year from 2017 and 2016. Those earnings came on a roughly 9% system wide decrease in revenues. Pre-tax earnings were less than…
Read MoreAn article by ABC News Australia writer Carrington Clarke investigates the competition level of the business in Australia. I read the article, which you can read here, and found it asked a lot of interesting questions that pertain to funeral service in North America also. The crux of the article is that public company…
Read MoreStoneMor Partners issued a press release last week that it will not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2017 by its due date of April 2, 2018. They are seeking a waiver to extend the date by which the Form 10-K must be filed. You can read…
Read MorePark Lawn Corporation, the Toronto based funeral home and cemetery consolidator, released their 4th quarter and Year End 2017 results last week. Andrew Clark, Chairman and CEO of the company stated in the release, “Overall the company continued to grow in 2017, while improving its margin profile.” He continued, “Our goals for 2018 include increased…
Read MoreIt was announced this week that Service Corporation International and the Archdiocese of New Orleans will collaborate on a plan to build a funeral home and cemetery on land owned by the Archdiocese in New Orleans. You can read the press release from Globe News Wire here. The combination unit, which will also have mausoleum…
Read MoreLast Thursday, March 22, Park Lawn Corporation announced its March monthly dividend. The company retained the dividend at $0.038 per month which figures out to a yearly dividend of $0.46 per share. Park Lawn’s stock closed last Friday at $26.60 per share leading the dividend to pay a yield of 1.7%. That stock price compares…
Read MoreFriday marked the stock market’s first “quadruple witching day” of 2018 so we thought it might be a good time to look at the performance of the death care industry stocks and how they performed in the first 2 1/2 months of the 2018 market. Funeral Director Daily’s Death Care Index or DCI is a…
Read MoreDignity, PLC, the United Kingdom’s death care conglomerate announced on March 14 that they would be hiring L.E.K. Consulting to work them them in developing a plan for the funeral business going forward. This comes following their January 19 announcement that the company would be drastically reducing their funeral service prices to consumers in response…
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