Finance
Last spring Funeral Director Daily published an article on the inception of San Francisco based Tulip Cremation. You can read that article here. In it, we had talked that we had been at an industry get together at that time and a lot of talk revolved around how Tulip Cremation, and its internet direct to…
StoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company. As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation. You can read their…
As a saver I keep what investments I have in separate buckets. I have a bucket for my 401k, I have a bucket that generates current income, and I have a bucket where I hold stocks with the philosophy that these stocks “will be worth more in ten years than they are worth today”. The…
Next week the United States Federal Reserve Board will meet in one of their eight yearly meetings. This group of monetary experts meets to discuss our country’s monetary policy and set the interest rate that the government charges banks for government funds. Virtually all other rates in the world are then set based on what…
Foundation Partners Group (FGP), headquartered in Orlando, Florida, announced earlier this week the acquisition of the three location Beers & Story Funeral Homes in Western Massachusetts. Here is the FGP press release pertaining to the acquisition. Beers & Story is a three generation firm that can trace its roots to the early 1900’s when Bert…
The state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years. Many of the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on…
InvoCare Limited, the largest public company in the death care space serving Australia, New Zealand, and Singapore reported half-year earnings which indicate that Operating Earnings after tax dropped 5.2% to AUS $22.3 million from last year’s AUS $23.6 million. In somewhat of an interesting note, Net Profits increased 97% to AUS $41.4 million because of…
We noticed a couple of articles in the news or opinion sections today about death care public companies StoneMor Partners and Park Lawn Corporation and just thought we would pass them on. StoneMor Partners to eliminate 340 positions. This article points out that StoneMor Partners will be targeting 340 positions as it attempts to eliminate…
Park Lawn Corporation (PLC), the Toronto based consolidator and operator of funeral homes and cemeteries reported their financial results for the 2nd Quarter of 2019, the period that ended June 30, 2019, yesterday. You can see a short synopsis of the results in this press release. Park Lawn’s CEO Andrew Clark is quoted in the…
United States funeral home and cemetery operator StoneMor Partners, L.P. reported financials for the 3 and 6 months ending on June 30, 2019, after the close of business yesterday. The company, which is in a self-proclaimed “turnaround” continued to report lower revenue numbers and larger net losses than last year for the time period, but…
