Finance
Service Corporation International announced their 3Q 2017 results on October 25. The company, based in Houston, Texas – much like Carriage Services – announced that the results were somewhat skewed by the hurricanes that happened during the quarter and affected some of their locations in Texas and Florida. In SCI’s case, they announced in their…
Following the close of business yesterday Carriage Services announced their 3rd quarter results. After a short note that two of their large market areas, Florida and Texas, were affected greatly by Hurricanes Irma and Harvey – which they contend more than likely affected results. Here are some of the notes from the report, which can…
Assurant, a global leader in insurance coverage, covering things as diverse as appliances, autos, mobile devices, electronics, and funeral plans announced today that it will acquire The Warranty Group, a portfolio company of TPG Capital and restructure into a new organization still know as Assurant. Assurant plans to spend about $2.5 billion in cash, stock,…
On Tuesday, September 26, 2017, Zacks Investment Research issued an upgrade on the stock of funeral industry public company Carriage Services. You can read about that upgrade and more about Carriage Services in that news release here. [wpforms id=”436″ title=”true” description=”true”]
Assurant, a major player in the funeral pre-need insurance industry has estimated losses in its Global Housing segment due to Hurricanes Harvey and Irma. The company said in a statement, reported by MarketWatch, that it expects losses, net of reinsurance, for Hurricane Harvey in the Texas gulf to be in a range of up to…
Seeking Alpha put out an article today written by The Growth Path Guru that questions StoneMor’s ability to increase sales and also tries to figure out where the cash for future distributions will come from. It also suggests that StoneMor is being questioned by the SEC on some issues. Funeral Director Daily take: I’ve said…
I’m a buy and hold investor and enjoy learning about companies that over time will bring a nice positive return to my portfolio. I also like to learn as much as I can about companies and those in the death care industry give me added perspective — I always try to learn what they are…
An article that appeared on Seeking Alpha on September 2, 2017, concludes that StoneMor Partners will be forced to either eliminate or greatly reduce their quarterly dividend soon. StoneMor, a Master Limited Partnership built through funeral home and cemetery acquisitions has seen its stock plunge from about $26 per share in 2016 to a close…
We took a look at the Funeral Director Daily Death Care Index (DCI) at the close of the market day on Friday, August 18, 2017, which is a three month time period from when we last looked at it on May 19. The DCI Index, which consists of one share of six publicly traded death…
