cemetery business
As reported last week on Funeral Director Daily, Carriage Services has hired William Goetz as its new Chief Operating Officer. Late last week we learned that Goetz has came out of the chute by showing confidence in the company the he will lead. It was reported in this article that on Wednesday, December 11, 2019,…
Read MoreSecurity National Financial Corporation of Utah, a public company that has operations in both the mortuary and insurance businesses reported financial numbers for their 3rd Quarter of 2019 recently. You can read their press release on that information here. 3rd Quarter Life Insurance revenues are up slightly to $29.8 million in 2019 from $28.9 million…
Read MoreIt’s been a few years since I’ve actively managed our funeral home, but this recent article from the Minneapolis Star Tribune brought me back to one of the issues that I dealt with in the hiring of employees. That was the issue of non-compete agreements or covenants not to compete. Non-competes have historically been used…
Read MoreCarriage Services, the Houston based funeral home and cemetery operator made a big announcement after business hours on Monday. The company issued a press release which highlighted not only the acquisition of, what they say in the release is the largest by a combined revenue definition, acquisition in their 28-year history, but also announced personnel…
Read MoreThis afternoon we will bring you a couple of items that recently appeared in print publications about public companies in the death care business. From the Philadelphia Business Journal we bring you this article on StoneMor Partners. It is entitled, “StoneMor slims down executive ranks, plans divestitures for bid for profitability”. We believe it is a…
Read MoreAccording to this article and also verified on E-Trade, Axar Capital Management L.P. purchased 3,925,660 shares of StoneMor Partners L.P. stock on Wednesday, October 30, at an average share price of $1.00 per share. That share price indicated the 52-week low for the stock which had traded as high as $5.01 just over a…
Read MoreStoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company. As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation. You can read their…
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