Finance
On 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…
In 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…
Security 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…
I 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…
It 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…
Death 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…
Carriage Services, an American death care industry consolidator, again teased investors with some good results coupled with some items that they could improve on when they reported their end of year 2017 results last week. In a press release from the company that you can read here, Chief Executive Officer Mel Payne stated, “After eight…
Service Corporation International of Houston, Texas, the nation’s largest provider of deathcare services reported 4th Quarter and Year End 2017 results on Tuesday, February 13. You can see the financials and read the commentary here. In a statement, Chief Executive Officer Tom Ryan commented, “We delivered a solid quarter as we close out 2017. .…
We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission. They have been working hard and on January 26, 2018, the company…
