Finance
I woke up Tuesday morning and noticed that Stonmor’s stock had plunged almost 11%. In checking it out I noticed that the company issued a statement that they are in technical default on their revolving credit agreement and they mentioned that they may have more adverse events occur in mid-August. The stock was trading at…
Read MoreI’m using Friday’s column to catch up with some things I’ve seen in the industry concerning acquisitions over the past 2-3 weeks. It’s interesting but not surprising that we continue to see acquisitions in the industry over that time period. In the last three weeks we have seen: Thacker Casket acquire Madison Casket Company. According…
Read MoreMarketBeat recently published this comparison of StoneMor Partners vs. Carriage Services.
Read MoreOn June 23 Weekly Hub reported the consensus of analysts who cover funeral industry public company Carriage Services (CSV) are anticipating an announcement of earnings of $0.40 per share when announced in about a month on July 25. They suggest that this would be a slight increase from the $0.37 EPS from the companies last…
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Just the other day an article on SeekingAlpha.com came out reporting on the status of public funeral home consolidator Service Corporation International (SCI). As I’ve said before I’ve always kept up with the public companies in the death care industry because by following them I’ve learned things that have improved my own small business. I…
Read MoreAs 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…
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