Carriage Services

Investors seem wary of death care stocks

By Funeral Director Daily / May 18, 2020 /

We last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3.  As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…

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SCI reports 1Q 2020. . . news on Carriage Services, Matthews

By Funeral Director Daily / April 30, 2020 /

Yesterday funeral home and cemetery public company Service Corporation International (SCI) reported their financial results for the 1st Quarter of 2020.  The results were much anticipated because they are the first quarter where the “no large gatherings” rule had come into effect in funeral service.  To be candid, however, those rules only came into effect…

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SCI CEO Tom Ryan: “We’re going to have some revenue pressures”

By Funeral Director Daily / April 27, 2020 /

Over the years I’ve often thought that the business of funeral and cremation care as a business is overlooked by those that teach or write of things happening in the business world.  It is not everyday that Forbes magazine does an in-depth article on our profession. Last week, Forbes featured an article that you can…

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Seeking Alpha: Death care stocks to benefit from pent up demand

By Funeral Director Daily / April 20, 2020 /

Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”.  You can read the full article here. Spooner says that “the death care industry stocks have…

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StoneMor reports Year End 2019 results, signs agreement

By Funeral Director Daily / April 8, 2020 /

On April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results.  StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year…

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Reuters says “U.S. funeral homes struggle to adapt”

By Funeral Director Daily / March 26, 2020 /

Reuters published an article yesterday that was picked up by the New York Times today.  It is headlined, “As coronavirus hits memorial services, U.S. funeral homes struggle to adapt”.  You can read the article here. The article picks up on the Seeking Alpha article that we made available to our readers yesterday bearing somewhat on…

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Seeking Alpha on the U.S. funeral home companies

By Funeral Director Daily / March 25, 2020 /

Earlier today Seeking Alpha News Editor Yoel Minkoff put out a short piece entitled, “Tough times for U.S. funeral homes“.  Oppenheimer securities analyst Scott Schneeberger is quoted in the article. You can access the short article here. [wpforms id=”436″ title=”true” description=”true”]  

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StoneMor bucks the system

By Funeral Director Daily / March 23, 2020 /

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation.…

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Carriage Services’ Mel Payne “We went big, we went bold, we went long term”

By Funeral Director Daily / March 12, 2020 /

We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report.  We told you at that time we would be listening for their Earnings Call and would eventually report on that as well.  You can access the entire earnings call from this web page.  Here are some interesting comments…

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InvoCare delivers “Solid Profit” in 2019

By Funeral Director Daily / February 28, 2020 /

The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”.  Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of…

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