cemetery business
It will come as no surprise to any of you who pay attention to the investments in your 401k or IRA accounts, but the Funeral Director Daily Death Care Index (DCI) took a step backwards in monetary value during the calendar year 2022. The DCI now measures five companies with a business component in…
Read MoreLast week funeral home and cemetery consolidator and operator Carriage Services announced the pending acquisition of Greenlawn Funeral Homes and Cemeteries of Bakersfield, California. In the same press release, that you can read here, the company took the time to outline what they call their “High Performance and Credit Profile Restoration Plan” (HPCPRP). …
Read MoreThe Federal Trade Commission issued the “Funeral Rule” in 1982 with an effective date of September 1984. Since that time it has operated as a consumer tool for price comparison in the funeral home market. This recent communication from the FTC asks for additional comments on several items by January 3, 2023, as the FTC…
Read MoreIt was announced in a recent press release that you can access here that funeral home and cemetery operator Park Lawn Corporation (PLC) has made another acquisition in the greater Kansas City market. Just this week they have announced that they have acquired substantially all of the assets of the aptly named Park Lawn Funeral…
Read MoreSlightly over two years ago Funeral Director Daily reported that it had read in Bloomberg Law that a lawsuit had been filed by plaintiff Park Lawn Corporation against the defendant PlotBox. The wheels of justice seem to grind slowly and we had not even thought about that case until earlier this week when we received…
Read MoreMatthews International, parent company of Matthews Cremation and Aurora Casket, announced their Fiscal Year 4th Quarter and Year End 2022 results last week. President and CEO Joseph C. Bartolacci said this in the opening statements of the report, “I am pleased with our operating results for the fourth quarter and fiscal year ended September 30,…
Read MoreAs we move into the final month of the calendar year it seems like no one has the financial markets figured out. In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…
Read MoreIn the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In…
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