cemetery
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…
Read MoreOne of the great things in being part of the funeral, cremation, cemetery, and its supply business is that, as you work in it over time, you realize that it is a pretty small professional world and you get to know lots of people and lots of companies in the realm. Also, you realize that…
Read MoreSecurity National Financial Corporation (SNFC), the Utah public company that is partly rooted in the preneed funeral insurance and mortuary/cemetery business, recently reported its 2019 year end financial results. You can read the company’s press release on the results here. The results do say, “For the twelve months ended December 31, 2019, SNFC’s after-tax earnings…
Read MoreLast week Funeral Director Daily realized it could make a difference getting out information, mostly pertaining to the COVID-19 pandemic and our profession. Over a few days we attempted to aggregate information that could be useful to people in the death care professions and use our subscription base to blast that information out. Thanks to…
Read MoreOn 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…
Read MoreAlleghany Capital Corporation of New York City, New York, announced on April 1, in a release you can read here from Yahoo finance, that it had completed its acquisition of the majority of stock of Wilbert Funeral Services, Inc. of Overland Park, Kansas. Wilbert, a name synonymous with the death care industry since its start…
Read MoreAccording to this article from ARY News, the Great Britain drafted emergency Coronavirus Bill 2019-21, it is said to allow designated local authorities to disregard section 46(3) of the Public Health Act of 1984. That section is designed to prevent a public authority to be able to cremate a body against the wishes of the…
Read MoreThose 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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