Carriage Services

Recapping FY 2021 with the public companies

By Funeral Director Daily / May 2, 2022 /

When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year.  As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…

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Carriage Service’s CEO Mel Payne on “Death Care financing transformation”

By Funeral Director Daily / March 17, 2022 /

I’ve written before about Peter Lynch’s 1989 best-seller “One up on Wall Street”.  It was a learning book for me and one where I had a coming of age introduction to different types of investing.  One of Lynch’s topics in the book was the death care company Service Corporation International (SCI).  He likened the company…

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Death Care Index drops Year to Date in line with Indices

By Funeral Director Daily / March 14, 2022 /

Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years.  Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine.  On…

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Carriage Services reports 2021 Year End, CEO Payne states “Succession Plan Format”

By Funeral Director Daily / March 1, 2022 /

I think it is fair to say that Melvin Payne, CEO and founder of Carriage Services is an unusual leader — but, it is also probably fair to say that Payne’s style of leadership has been effective since the inception of Carriage Services in 1991. In last week’s published 2021 4th Quarter and Year End…

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The experts opine on Service Corporation and Carriage Services

By Funeral Director Daily / January 20, 2022 /

We’ve now entered the season where public companies will give their reports on their 4th Quarter and Year End results from 2021.  As the death care companies report their results we will bring them to you. It’s also a season where financial and stock analysts like to give us their opinions on what has happened…

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How some in the secular financial world see Death Care. . . interesting articles

By Funeral Director Daily / January 4, 2022 /

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…

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Carriage Services announces record 3rd Quarter Results, comments on acquisition environment

By Funeral Director Daily / November 2, 2021 /

Funeral home and cemetery consolidator Carriage Services reported on the financial results of their 3rd Quarter for 2021 and in doing so reported record 3rd Quarter revenue for a quarter of $95.0 million.  That is 12.6% higher than the $84.3 million of revenue recorded in the 3rd Quarter of 2020. Here’s what is said in…

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Zacks Research previews SCI earnings report

By Funeral Director Daily / October 26, 2021 /

We found this report, dated October 21, interesting from Zacks Equity Research.  Here’s an interesting couple of lines from the report. . .”SCI is likely to display year-over-year declines in the top and bottom lines, when it reports third-quarter 2021 numbers on Oct 27. The Zacks Consensus Estimate for revenues is pegged at $800 million,…

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Retail death care stocks lead the run-up

By Funeral Director Daily / October 25, 2021 /

On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677.  On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021.  That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to…

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Will Axar take StoneMor private?

By Funeral Director Daily / October 1, 2021 /

As you can see from this Yahoo Finance article, Axar Capital Management has sent StoneMor Inc. a letter expressing “an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.”  As you may know, and according to E-Trade, Axar Capital Management currently owns 88.6 million of the 118…

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