Tag: cemetery companies

Finance

StoneMor reports 3rd Quarter: Turnaround continues to move forward

A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor.  Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and some of those businesses might be able to be purchased at the right price. However, while there has been some pain and some selected liquidation […]

Finance

Park Lawn lawsuit alleges trade secret irregularities

This article published last week from Bloomberg Law alleges that when former Park Lawn Corporation CEO Andrew Clark resigned and left the employment of the company he carried trade secrets with him to his new employer, Plot Box, Inc. The article from Bloomberg Law notes that a lawsuit was filed in a Delaware federal court on October 30, 2020.  Here’s what that article says, “the company (Park Lawn Corporation) said rival PlotBox, Inc. induced Andrew Clark to violate nondisclosure and […]

Finance

Security National Cemeteries and Mortuaries revenue jumps 23% in 2018

Utah based Security National Financial Corporation issued their 2018 financial results earlier this month and you can see a statement from them here.  The company announced a company wide increase in revenues of 1% to over $279 million.  In addition, SNFC announced that their after-tax earnings from operations jumped over 53% from about $14 million in 2017 to $21.68 million in 2018. SNFC operates in three segments:  Life Insurance, Mortgages, and Cemeteries/Mortuaries.  At Funeral Director Daily we are most concerned […]