Finance
We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report. We told you at that time we would be listening for their Earnings Call and would eventually report on that as well. You can access the entire earnings call from this web page. Here are some interesting comments…
Yesterday I received an opinion article from Seeking Alpha entitled, “The Cornovirus’ Potential Impact on Service Corporation International’s Stock Price”. I will say that I do not have a personal opinion on this article but make it available simply because it is a public article on the virus and its potential impact on funeral services,…
The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”. Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of…
Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019. They also provided commentary on how they believe that the company will move in the next three years. I will provide some factual information in this report but also my…
Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company. You can read the press release here. The release quoted Clark as saying, “It has been a tremendous…
Even though yesterday was the President’s Day holiday and the markets were closed across America, Service Corporation International took the opportunity to report their financial numbers for the 4th Quarter of 2019 and also for the Year End 2019. We will just report some of the numbers today and after we have a chance to…
This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share. According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company…
Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an acquisition announced earlier in the year. The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations. The acquisition also includes the membership…
I will preface this article to say that it is being written on Friday, January 10. Because of that all prices quoted come from the end of the day on Thursday, January 9. I will also say I am not a stock security analyst and all opinions are mine alone. Finally, I do own stock…
In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the…
