Finance
As you are probably aware of we at Funeral Director Daily have built up our own index of public stocks which reflect six companies with, at least a part of their business entity in the Death Care profession. Our hope is that by watching this index, and how the companies operate, we can learn something…
Read MoreWe last visited the Death Care Index (DCI) following the March 3, 2017 market close. At that time the value of one share of each of the six death care industry stocks that make up the index totaled together would have equaled $269.84 with an annual dividend of $5.66 for a 2.06% yield. As of…
Read MoreOn Wednesday, May 17, StoneMor Partners took some steps to reverse the fortunes of their company when they named a new CEO and a new CFO to replace departed CFO Sean McGrath and CEO Lawrence Miller. StoneMor has been plagued for over the last year with quarterly losses, decreased cash flows, and a cut of…
Read MoreI just read an article on something you don’t see very often in the funeral industry. An article that was posted in the Times Herald Recordonline from Orange County, New York, pertained to the bankruptcy case, and hopeful solution to it, of a funeral business from that area. The article is about Mr. Anthony Ingrassia…
Read MoreA recent press release by Homesteaders Life Company, a funeral industry pre-arrangement company, announced that a succession plan for the leadership of the company was recently passed at their May 2017 meeting. Using forward thinking the board accepted CEO Stephen Lang’s pending retirement in March 2018 and approved the plan to have COO Stephen Shaffer…
Read MoreIn a Press Release dated April 26, 2017, Service Corporation International announced that they earned $0.38 per share in the first quarter as compared to their 2016 result of $0.28 for the same time period. Tom Ryan, the company’s CEO explained, ” Strong preneed cemetery sales production and an increase in funeral services performed were…
Read MoreAccording to a Carriage Services Press Release of April 26, 2017, the company posted record revenue results for the First Quarter of 2017. Carriage announced that their revenue for the first three months of 2017 was $68.1 million as compared to last years $63.3 million for the same time period — an increase of 7.6% Earnings…
Read MoreAustralia’s largest operator of funeral homes, InvoCare, will be closing its small United States funeral business that it began in 2015 according to an article in the Australian Financial Review Weekend. The company’s American funeral business is headquartered in Los Angeles and used a business model where it relied on digital advertisers to lead client…
Read More
