Motif Investing is bullish in the funeral industry for two reasons: aging baby boomers will increase the demand for funerals and cremations between now and 2036; and 80% of funeral providers are private which provides room for consolidation.
Read MoreMatthews International announced revenue for the first quarter of fiscal 2017 (3 months ended December 31, 2016). You can read the earnings release here and the Seeking Alpha earnings call transcript here. Funeral Director Daily will focus on the performance of the company’s memorialization segment which produces headstones, caskets and urns. Memorialization sales declined…
Read MoreTREVOSE, Pa., Jan. 23, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that Sean P. McGrath resigned as Chief Financial Officer of StoneMor GP LLC (“StoneMor GP”), the general partner of the Partnership, to pursue business opportunities outside the deathcare industry. Mr. McGrath will remain in his current role…
Read MoreTREVOSE, Pa., Jan. 03, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that on December 30, 2016, StoneMor GP Holdings LLC, the sole member and owner of the general partner of the Partnership, acquired 2,332,878 common units representing limited partner interests of the Partnership in a private placement for…
Read MoreHOUSTON, Nov. 15, 2016 Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rich & Thompson Funeral Services in the Strategic Market of Raleigh/Durham/Greensboro in North Carolina. Dating back to 1913, the Rich & Thompson name has been a prominent name in funeral service in both Burlington, NC and Graham, NC.…
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BUSINESS
CEO Charlie Cole, two other executives leave Tribute Technologies
At Funeral Director Daily we don’t “break news” — we report on it and offer experienced analysis, ideas, and suggestions on the news that has happened. That being said, the headline for this article…
Observations from the “Big Easy”
I spent parts of 5 days and 4 nights in New Orleans earlier this week participating in the annual National Funeral Directors Association (NFDA) convention. It was a time to learn new things…
Montana sees struggles with Human Remains airline transportation
Statistics tell us that over 80% of Americans live within one hour of an urban area. If the population of the USA is about 333 million then that leaves the other 20%, or…
FINANCE
SCI 3rd Quarter 2024 – My opinion: Pretty much status quo
You can access the report on Service Corporation International’s (SCI) 3rd Quarter of 2024 here. When you do, I’m of the opinion that you will see it looks pretty much like the 3rd…
CEO Charlie Cole, two other executives leave Tribute Technologies
At Funeral Director Daily we don’t “break news” — we report on it and offer experienced analysis, ideas, and suggestions on the news that has happened. That being said, the headline for this article…
Seeking Alpha author anticipating Carriage Services 3Q Report this week
It’s an interesting week in the Death Care profession. Not only do we have Halloween coming up on Thursday, but the day before that, Wednesday, October 30, both of the two largest public funeral…
REGULATIONS
Observations from the “Big Easy”
I spent parts of 5 days and 4 nights in New Orleans earlier this week participating in the annual National Funeral Directors Association (NFDA) convention. It was a time to learn new things…
Montana sees struggles with Human Remains airline transportation
Statistics tell us that over 80% of Americans live within one hour of an urban area. If the population of the USA is about 333 million then that leaves the other 20%, or…
Natural Organic Reduction can now be done at your funeral home
In late September we learned that The Natural Funeral of Lafayette, Colorado, was launching a program in which existing funeral homes can purchase what the company calls “Chrysalis” vessels for use at their…
CEMETERY
CREMATION
Better Place Forests launches cost-conscious option
Last week we learned through this press release that Better Place Forests was offering a new product to consumers that they felt would appeal to those consumers in a cost-conscious manner. The new…
The Crematory Dilemma: Continued consumer choice vs. the NIMBY attitude
For over a year and a half Funeral Director Daily has followed the application process of the Evans Funeral Chapel in trying to locate and build a new crematory in the White Marsh…
PRENEED
Funeral Directors Life adds 48th state of operation
Earlier this week we learned that Funeral Directors Life (FDL), based in Abilene, Texas, was approved to sell preneed insurance in the state of Virginia. As you can read from this press release,…
Anthem Partners, Premiere Preneed, NGL form strategic relationship
In what is becoming a growing trend among larger funeral home operators Anthem Partners announced in late September that they had formed a strategic alliance with Premier Preneed Marketing and National Guardian Life (NGL) that…
The Federal Funds interest rate came down, what does that mean for you?
If you ask my opinion, American borrowers have been somewhat spoiled by the low interest rates that we had had for almost the last ten years. This article will tell you that from…
PRODUCTS
This guy wants to help your Death Care clients. . . .for free!!
Most of the people in the greater Death Care community don’t know Stephen Walter. . . yet. However, I’ve gotten to know Mr. Walter over the past six months and know that he…
Will Cumulus become the standard in digital memorials?
I’m big on the concept of memorialization. My life is better because those relatives that came before me left a history of their time on earth for me to grasp onto. That history…
CEO Charlie Cole, two other executives leave Tribute Technologies
At Funeral Director Daily we don’t “break news” — we report on it and offer experienced analysis, ideas, and suggestions on the news that has happened. That being said, the headline for this article…