Finance

StoneMor Press Release Tells of Delay for Form 10-K

By Funeral Director Daily / April 2, 2018 /

StoneMor 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…

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Park Lawn Corporation Reports Year End 2017

By Funeral Director Daily / April 2, 2018 /

Park 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…

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SCI, Archdiocese of New Orleans Announce Plans

By Funeral Director Daily / March 29, 2018 /

It 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…

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Park Lawn Corporation Sets Dividend

By Funeral Director Daily / March 26, 2018 /

Last 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…

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Assurant Performance Holds Back Death Care Index

By Funeral Director Daily / March 19, 2018 /

Friday 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…

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Dignity, PLC Engages Consultant

By Funeral Director Daily / March 16, 2018 /

Dignity, 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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Newcomer Funeral Service Group purchases Dayton Property

By Funeral Director Daily / March 13, 2018 /

A sale was recorded last Monday in the Dayton, Ohio area pertaining to the purchase of land at 820 Miamisburg-Centerville Road according to property records reported by the Dayton Daily News.  The property, with seven acres of land, was owned by Schlientz-Moore Funeral Home and purchased by Warren Family Funeral Homes, Inc. According to the…

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SCI Presents at Raymond James Investor Conference

By Funeral Director Daily / March 8, 2018 /

  Death care industry company Service Corporation International recently presented at the Raymond James 39th Annual Institutional Investors Conference.  I’ve found a  slide deck about their company on Seeking Alpha that you can see here.  It was part of their power point presentation to institutional investors and is an interesting synopsis of the company as…

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The Journey Group Keeps Growing

By Funeral Director Daily / March 7, 2018 /

The Journey Group, a death care industry consolidator based out of the New Orleans area, announced last week the purchase and acquisition of two firms in the greater Birmingham, Alabama, area.  Both firms are metropolitan combination firms — each with a funeral home facility on a cemetery property. According to the press release that you…

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Park Lawn Continues Acquisition Spree

By Funeral Director Daily / March 6, 2018 /

Yesterday Park Lawn Corporation announced another acquisition of a funeral home.  Fresh off the announced purchase of seven cemeteries in New York and New Jersey last week for a combined price of close to $50 million, the Toronto based company announced the purchase of the Billingsley Funeral Home in Huntsville, Ontario. In a press release…

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