How some in the secular financial world see Death Care. . . interesting articles
I like to stay abreast of what is happening in the world of finance. And, even though I like to stay in my lane about what I know, over the years I probably bought a stock or two in a company where I didn’t really know the inside out of how the company made its profits.
I also like to think that I know the business of Death Care somewhat and understand most of the roads to profitability. I ‘ve held investments in the category for years because I think certain companies have the ability to churn out profits year after year with good management.
It’s always interesting for me to see what others — those not in our profession — think about the individual companies that make up the world of publicly traded Death Care companies. Towards the end of 2021, I noticed a couple of articles on companies in our industry and found that the authors, from their secular perspective, maybe see things differently than I do.
I think you may enjoy reading these articles.
“The Death Rate Soared Last Year – But not why you think” from Nasdaq.com. —
The premise of this article is that the discussed companies are “relatively undervalued” and have traditionally had “above-average historical sales growth, dividend increases, and earnings growth.” The article touches on Carriage Services, Hillenbrand Industries, and Service Corporation International.
“StoneMor” Resurrection of Graveyard Stock, Worth 4-5x to Shareholders” from Seeking Alpha —
The premise of this article is that there may be more to StoneMor, Inc. than meets the eye. Here’s what the author says in an intro to the company, “. . .over the last several years (StoneMor) has gone through a transformation starting with installing CEO, Joe Redling. Redling eliminated unnecessary headcount, sold non-contiguous cemeteries, reduced corporate overhead by almost half, automated processes, and refinanced debt. Most importantly, a revamped sales team has ramped up pre-funded cemetery sales growth.”
Funeral Director Daily take: You may or may not agree with the takes of the authors about these companies. However, some of their thoughts may have never been in your head before. I present the articles with no opinions of my own.
Disclaimer: The author holds stock positions in some companies mentioned in today’s article.
More news from the world of Death Care:
- Clemson University to set new policy governing Woodland Cemetery as more graves discovered. Greenville News (SC)
- Abbey pushed for Elton John to play at Princess Diana’s funeral. Reuters via Nasdaq
- Family’s disgust and disbelief after dad’s body forgotten in morgue for 4 weeks. Wales Online (Great Britain)
- Funerals to Flowers: Funeral home buys florist with plans to move to former restaurant. Daily Reporter (IN)
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