Tag: death business

Finance

Service Corporation International opinion from Seeking Alpha

Last week the Valkyrie Trading Society wrote an article for Seeking Alpha entitled “Service Corporation International:  Feeling minimal pressures”.  You can access the article here. Here are three take-aways from that article: The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around reduced discretionary spending, which is affecting the very cash and margin generative pre-need business and merchandise and services. Nonetheless, the pressures are quite small and […]

Business Products

More companies hope to cash in on the changing face of Death Care

I recently read this article where Bank of America has profiled 14 future “moonshot” technologies that they believe could offer vast wealth to those who are lucky enough to invest in them.  In reading that article, I realized that, to a certain extent we have, maybe not moonshot technologies, but at least planetary technologies in the death care business finding funding almost every day.  In essence, there is a lot of interest in the “new technology” of Death Care. Bank […]

Business Regulations

Government Regulator: Funeral directors must make prices clearer

In the summer of 2020, Great Britain’s Competition and Market Authority (CMA) investigated the death care business sector and one statement that was made was this, “some funeral directors were providing unacceptable low levels of care of the deceased”.  Couple that with the fact that, according to SunLife’s latest cost of dying report, funeral costs in that country have risen 39% in the past decade, and you can see why the CMA is promoting regulation and change. Under the new […]

Afternoon Edition

Weekend Edition. . . .News you can use

As we head into the weekend I’m clearing off my desk and have some information from some of our favorite friends at Clifton Larson Allen, Roosevelt Investments, and the National Funeral Directors Association that may be of interest to you.  In addition, I’m throwing a couple of articles out there that are not necessarily death care related but are business related in general and I thought readers may find them interesting.  Those articles deal with baby boomer business sellers and […]

Finance

Security National reports year end 2019

Security 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 from operations decreased 49.8% from $21.6 million in 2018 to $10.8 million in 2019, on a 1.2% increase in revenues to over $283 million. However, […]

Business

Added Service or Profit Center

Every so often a product or service comes available in the funeral industry that many funeral homes would like to add to the repertoire of things that they do for the public.  One main thing to think about at this time is, “Do we offer this as a service” or “Do we charge additional for this and add to our profit center?” Sometimes the answer is murky and sometimes the answer changes over time.  I can think of an easy […]