cremation business

Seeking Alpha on SCI: “Negative scenario could be favorable for this industry consolidator”

By Funeral Director Daily / September 25, 2023 /

    This morning’s edition of Funeral Director Daily looked at the situation that death care companies could be in if inflation and the high interest environment we are in stay with us for some time.  Interestingly enough, Seeking Alpha author Gustavo Larraga Tapia published an article last week where he opined that death care…

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New Loewen Group movie drives readership

By Funeral Director Daily / September 18, 2023 /

      It’s the middle of the month when Funeral Director Daily recaps our top read stories of the past 30 days.  This month we have proved that our search engine presence is alive and well as a story that originally ran in 2018 was the top read story of the month.   Of…

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Viva Las Vegas!!!!. . . Impressions from the NFDA convention floor

By Funeral Director Daily / September 18, 2023 /

    I recently returned from Las Vegas where I spent a couple of days attending seminars, walking the Convention Expo floor, and just catching up with old friends.  For me, “Vegas” is a fun place to go — for about two days — and then I’m glad to be back in “dull” but beautiful…

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SCI building funeral home on cemetery grounds in Virginia

By Funeral Director Daily / September 15, 2023 /

  This article from a recent edition of the Roanoke Times of Virginia mentions two funeral homes being built within a half-mile of each other in that community.  At Funeral Director Daily we found that intriguing because we have noticed that with the rise of interest rates coupled with the uncertain sense of large traditional…

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Convincing a “Traditionalist” of the need to change

By Funeral Director Daily / September 8, 2023 /

    If you Google the phrase “Can’t see the forest for the trees” and ask the meaning of it, here’s what comes back, “we sometimes cannot see situations as they really are while we are in the midst of them. In short, we lose our perspective when we are too heavily invested in a…

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Seeking Alpha article explains Carriage Services

By Funeral Director Daily / September 7, 2023 /

    About three weeks ago on August 16, 2023, an author at Seeking Alpha published this article on funeral home and cemetery operator Carriage Services.  It is an interesting article that you should read as I think the author has a “better than most” understanding of how the death care market operates.   In…

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Interest rates are hurting small businesses, including funeral homes

By Funeral Director Daily / August 25, 2023 /

    “Interest rate increases are aimed at curtailing swelling inflation But using interest rate hikes to bring down inflation creates a whole new set of problems for small business owners,” said Aleksandar Tomic, an economist and associate dean at Boston College in this article from Business News Daily.   The United States Federal Reserve…

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Funeral homes change hands. . . What’s in a name?

By Funeral Director Daily / August 16, 2023 /

      I recently read about two different funeral homes that were acquired by individual funeral directors.  More on those specific funeral homes in a minute.  When I read the newspaper articles about each it was interesting to note that one funeral home would be keeping its name, at least for some time, and…

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Park Lawn 2Q 2023: Revenue, Revenue per Service up, Net Earnings down. . . announces additional acquisition

By Funeral Director Daily / August 14, 2023 /

      There is a lot to be digested when you look at Park Lawn Corporation’s (PLC) 2nd Quarter Earnings Release and their Earnings Call transcript which were made public last week.  Much like the quarterly reports from SCI and Carriage Services, Park Lawn was able to increase revenues, but like their counterparts, it…

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InvoCare / TPG Capital reach agreement for buyout

By Funeral Director Daily / August 9, 2023 /

    According to a press release dated August 9, 2023, (today) issued by InvoCare Limited of Australia, the company has agreed to be acquired by TPG Capital, a global private equity firm headquartered in San Francisco, California.  TPG Capital had launched a buyout offer for the company in March.   You should be able…

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