Finance
Yesterday StoneMor Partners issued a press release which you can read here. In it they “announced a number of key financial and operational updates representing further steps forward in its ongoing turnaround effort. These steps include a waiver and amedment of certain loan covenants, growth financing from its largest investor and the completion of an…
Read MoreDeath care consolidator Carriage Services issued preliminary 2018 results on Wednesday. You can read a press release from the company here. In those results the company announced that they had grown revenue year over year from $258.1 million in 2017 to an an unaudited estimate of $268.0 million in 2018. That would be an increase…
Read MoreIn a brief update that you can read here, the United Kingdom’s largest funeral services provider issued a statement that says they expect profits to be higher than expected for 2018 due to higher than expected revenue while overhead has been kept lower than expected. Dignity plc also stated that their market share had remained…
Read MoreJust this morning I noticed an information piece on Service Corporation International from Zack’s Research. It’s a short, but interesting look at how at least some people look at the death care industry as compared to the overall market and what they think about SCI. Interesting to note, is that according to the article, Service…
Read MoreSo, as Monday afternoon churned into our New Year’s Eve revelry we did get to see the equity markets take a final upturn, but for the year we saw the Dow Jones average lose 5.6%, the Nasdaq lose 3.9%, and the S & P 500 lose 6.2% of its value. All in all, the major…
Read MoreMergers and acquisitions in the death care space are nothing new and actually seem to be accelerating in not only the retail funeral home and cremation space but among suppliers as well. Earlier this week we learned of Foundation Partners Group acquiring the Loyless Funeral Homes of Florida and we learned of Wilbert Funeral Services,…
Read MoreAfter Friday’s market close I thought it might be a good time to check up with what has happened in the Death Care industry since the beginning of the year. As you know the Funeral Director Daily Death Care Index (DCI) is made up of the value of one share of stock for eight…
Read MoreI just saw this article over the weekend and thought I would send it out. It pertains to the stock of Australian death care leader InvoCare being shorted by many investors. Being “shorted” means, in basic terms, that many investors believe that the share price will go lower. I thought it interesting in light of…
Read MoreIn an article published earlier today on Bloomberg.com that you can read here, it is reported that the Competition & Markets Authority (CMA) of Great Britain report that “price increases over the past decade, particularly by larger chains, can’t be justified by higher costs or quality improvements”. The CMA goes on to suggest a proposal…
Read MoreHillenbrand Industries, parent company of Batesville Casket, reported 4th quarter and year end earnings last week. You can read the company’s press release here. For the year the company’s revenues increased 11% to $1.77 billion. As you may know the company operates in two general segments, the Processed Equipment Group and the Batesville Group. The…
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