Carriage Services

Carriage Services featured in Seeking Alpha article

By Funeral Director Daily / April 17, 2019 /

Author Noam Ganel wrote an article for Seeking Alpha entitled, “The Case for (and against) owning shares in Carriage Services” which was published on April 15.  You can read the article here. Funeral Director Daily take:  This is an interesting article that, in my opinion, the author researched well.  You may or may not like…

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Contrarian investor John Snyder opines on StoneMor Partners

By Funeral Director Daily / April 3, 2019 /

Value investor and self-described contrarian investor John Snyder wrote an article for Seeking Alpha that you can read here entitled, “Why I’m buying StoneMor”.  We will leave the facts at that and I will give my opinion on the piece below. Funeral Director Daily take:  This is an article that will cause all experienced funeral…

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Funeral Service and Public Companies – Part 2 – Carriage Services

By Funeral Director Daily / March 25, 2019 /

Carriage Services is a funeral home and cemetery acquisition company that, according to Reuters, operated 181 funeral homes in 29 states and operated 32 cemeteries in 11 states as of August 28,2018.  According to their own history from their web-site they were founded in 1991 and had their initial public offering (IPO) to become a…

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Payne, Brink comment on Carriage Services going forward

By Funeral Director Daily / February 27, 2019 /

On February 22 Carriage Services executives including CEO Mel Payne and Chief Financial Officer Ben Brink held a call with investment advisors relating to the Full Year 2018 results of Carriage Services.  You can read a full transcript of that call here. A few days ago we reported on the earnings report in this column…

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Carriage Services Profit drops. . . management to fight back

By Funeral Director Daily / January 18, 2019 /

Death care consolidator Carriage Services issued preliminary 2018 results on Wednesday.  You can read a press release from the company here. In those results the company announced that they had grown revenue year over year from $258.1 million in 2017 to an an unaudited estimate of $268.0 million in 2018.  That would be an increase…

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Could we have an LBO or Hostile Takeover in the Death Care Industry

By Funeral Director Daily / December 31, 2018 /

One of the things that I find interesting about the death care industry is the continuing consolidation and spin-offs that seem to always occur.  Get a few funeral directors together and they are always talking about who is acquiring who. I’ve been around long enough to see upstart Prime Succession grow fast and then be…

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Markets flat for ’18, DCI drops

By Funeral Director Daily / December 10, 2018 /

  After Friday’s market close I thought it might be a good time to check up with what has happened in the Death Care industry since the beginning of the year.  As you know the Funeral Director Daily Death Care Index (DCI) is made up of the value of one share of stock for eight…

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Carriage Executives on 3Q Results. . . CEO Payne hints at divestiture of some units

By Funeral Director Daily / November 7, 2018 /

Last week death care public company Carriage Services reported 3rd quarter 2018 financial results.  It was the 3rd consecutive quarter that the company had came in with a report that was less than what analysts had expected. If you read the earnings report and the subsequent Call with Analysts that you can read in its…

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Carriage Services Reports 3Q 2018

By Funeral Director Daily / November 1, 2018 /

After the markets closed yesterday funeral home and cemetery consolidator Carriage Services announced their results for the 3rd Quarter of 2018.  The company announced quarterly revenues of $64.2 million which was an increase of 5.2% over the same period of a year ago and a Net Income of $2.2 million – which is a decrease…

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Funeral Home Firms announce Dividends

By Funeral Director Daily / October 29, 2018 /

Last week public market funeral home and cemetery operators Park Lawn Corporation and Carriage Services made announcements about their dividends to stockholders going forward. In an article that you can read here Park Lawn Corporation announced that they will be paying a monthly dividend in November of $C 0.038 per share – which on an…

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