Carriage Services

Death Care Index falls, trails market indexes on the year

By Funeral Director Daily / August 29, 2022 /

I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite…

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Seeking Alpha author researches Carriage Services

By Funeral Director Daily / August 22, 2022 /

  Last week Seeking Alpha contributing author Daniel Jones authored an article highlighting death care funeral home and cemetery operator Carriage Services. Here’s some of what he says in the article, “Although it may sound morbid to say, the death care space is a particularly interesting area for investors to explore. In a world where…

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Carriage Services adds “hinted at” acquisition

By Funeral Director Daily / August 16, 2022 /

In Carriage Service’s 2nd Quarter financial report, Chief Administrative Officer and General Counsel, Steve Metzger, hinted that the company had two acquisitions in the pipeline that would probably be announced in the following couple of weeks. We now know, thru this Carriage Services press release, that one of those acquisitions appears to be 800-call Funeraria…

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Is it time to buy funeral home stocks?

By Funeral Director Daily / June 10, 2022 /

Earlier this week I read this article from Yahoo Finance authored by Brian Sozzi.  The article is entitled “Consumers have to face that nasty inflation is here to stay for awhile”. The article goes on to mention that, at least in Mr. Sozzi’s opinion, skilled workers are too few in number to meet the needs…

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Increasing funeral home numbers drives Carriage Services results

By Funeral Director Daily / May 6, 2022 /

Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations.  “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3…

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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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