Tag: cemeteries

Business

Who’s paying for America’s funerals?

Time has a way of changing one’s perspective.  I’ve told you before that I started in this business as a funeral director in 1980.  I was paid $1,000 per month and our funeral home conducted virtually 100% of our funerals in the traditional “casket, funeral, vault, burial” method.  I remember that the final billings, including cash advances, for funerals at that time to be about $ 2,500.  To someone being paid $1,000 per month that seemed like a lot of […]

Business Products

Who will be the “Hub” for Death Care??

This has got to be a common problem as America gets more and more transient in regards to moving to different locations and moving away from home.  Last week I had heard that “John”, a neighbor at our lake cabin, had passed away at his home in suburban Minneapolis/St. Paul.  I wanted to find out about services and possibly leave an internet note on a funeral home website for his family. So, I went to where I sometimes go. . […]

Business Cemetery Products

Back to the Future

The World Series has been played for the past two weeks and I’m a baseball fan. . . and former little league coach.  I’m “Old School” and don’t particularly like the “data-driven” strategy decisions used in today’s game of baseball.  I like the past when you watched a hitter’s feet move to determine if they could hit a curve-ball rather than “check the charts”. In Death Care there is old-school also.  This article from Atlas Obscura portrays a wonderful picture […]

Finance

Propel Funeral Partners raises capital, announces Share Purchase Program

Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors.  They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s what Albin Kurti, Managing Director of Propel said in the release, “We are delighted by the support received from Propel’s existing institutional shareholders and to […]

Finance

Zacks Research previews SCI earnings report

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, suggesting a drop of 12.9% from the prior-year quarter’s reported figure.” Service Corporation International is expected to report 3rd Quarter earnings on October 27 (tomorrow). […]

Business

Do you know your vendors?

There is an incredible amount of trust in the death care business.  Families trust funeral directors to care for their most prized possessions — their loved ones who die.  And, good funeral directors know of that trust and do everything within their power to diligently carry out the requests of families who put that trust in them. Funeral homes, sometimes backed by generations of fine service put their reputations on the line everyday by how they carry out the services […]

Preneed Regulations

This is the week

This is the week that Congress should act on the Biden Administration’s key piece of legislation, the $3.5 trillion “Human Infrastructure” bill.  Regardless of what happens or how you feel about that bill, I thought it would be interesting to look back on how death care has fared from the other two large social bills passed in American history — the New Deal and the Great Society. The New Deal was passed by Congress under the Franklin D. Roosevelt presidency […]

Finance

InvoCare reports first half year. . . gives us a glimpse of future funeral home revenue sources

InvoCare, the largest public purveyor of death care services in Australia, reported their first half year results for 2021 recently.  The earnings call transcript, which you can access here, also gave some glimpses into the future of funeral service companies, at least in Australia. As you may know, Australia has had a severe lockdown during the Covid-19 pandemic.  The first half of 2021 eased those restrictions somewhat and that was partially the reason that InvoCare saw a 13% increase in […]

Business

A perspective on the times, what we do. . and why

I was going to write today’s article on some business things to check into after Labor Day.  However, that article will wait until tomorrow.  When I read the Minneapolis Star Tribune editorial pages yesterdayI came across a short article written for the 1981 Labor Day.  You can access that article here. Now 1981 — that’s 40 years ago.  It also happens to be the first Labor Day for me after I had been a full-time employee for at least one […]

Finance Products

Online memorial startup Memories brings in over $30 million in funding. . . InvoCare invests $4 million

Online memorials seem to be one of the likeliest winners among potential start-ups in the Death Care space. . . . at least that is what it is looking like from the investment community.  According to articles that we link below it appears that over the summer months the Australian based Memories has raised over $34 million, which if in Australian dollars is still impressive as it equals about $25 million U.S. dollars. InvoCare, a public company and the largest […]