Finance
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…
Read MoreDeath 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…
Read MoreThe 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…
Read MoreYesterday 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…
Read MoreOn Friday StoneMor Partners issued a press release that you can read here. In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer. According to the release, Pound is…
Read MoreIn a press release issued yesterday from Park Lawn Corporation of Toronto, that you can read here, the company announced the acquisition of all of the outstanding membership interest of CMS Mid-Atlantic for a purchase price of approximately US $50 million. CMS Mid-Atlantic, according to the release, operates, manages, and provides financial services for seven…
Read MoreSecurity National Life Insurance Company, a stock featured in the Funeral Director Daily Death Care Index (DCI), announced in a press release yesterday that they have sold the Dry Creek Apartments, a 282 unit multifamily complex in Sandy, Utah. You can read the release here. The company is involved in three business segments that really…
Read MoreI get a lot of feedback on Funeral Director Daily and I understand people follow the site for many reasons. One of the most common things I hear is that readers enjoy updates on what the public companies in the death care industry are doing. So, I’ve decided that when I find an article…
Read MoreIt may be Presidents’ Day today, but at Funeral Director Daily it feels a little more like Finance Day. We have already let you know about Carriage Services 4th quarter and year end results and on how their stock fared on Friday after the announcement. We just came across a little bit of finance information…
Read MoreDeath care stocks, StoneMor Partners and Carriage Services, both components of the Funeral Director Daily Death Care Index (DCI), had postive movements last Friday which lifted their companies stock price and market capitalization. Carriage Services reported Year End earnings for 2017 last week and we at Funeral Director Daily commented that the company “keeps chugging…
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