death care business
On November 1, 2018, StoneMor Partners issued a press release that you can read here which reported it’s financial results for the 1st Quarter of 2018. That period covers the time period of January 1, 2018, until March 31, 2018. As you may know, the company is moving from a Master Limited Partnership to a…
Read MoreAfter the markets closed yesterday funeral home and cemetery consolidator Carriage Services announced their results for the 3rd Quarter of 2018. The company announced quarterly revenues of $64.2 million which was an increase of 5.2% over the same period of a year ago and a Net Income of $2.2 million – which is a decrease…
Read MoreLast week we learned that Orlando based Foundation Partners Group had acquired The Island Funeral Home and Crematory and Cremation Simplified in Hilton Head, South Carolina. According to a press release that you can read here, that purchase expanded Foundation Partner’s network of funeral homes in South Carolina to eleven locations. Funeral Director Daily take: …
Read MoreLast week we saw the American stock markets drop almost five percent before making a partial comeback on Friday. Who knows what will happen today, but depending on who you listen to the markets were spooked by rising interest rates, rising oil prices, and rising potential inflation which can cause changes in business success dependent…
Read MoreThere are some interesting things happening in the financial world in Australia. Lately there has been quite a bit of publicity from the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services industry about the financing of funerals while still living. My guess is that a lot of this has reached the public…
Read MoreA lot happened at the end of last week in the Death Care industry and we will try to give you just a little idea of that as we catch up from over the weekend. StoneMor Partners, L.P. announced in this press release that they will be announcing a corporate transition from a Master Limited…
Read MoreAccording to an article from the United Kingdom’s Telegraph which you can read here, funeral director Catherine Powell encountered a family a few years ago that explicitly said all they wanted was a cremation with the ashes returned to them. Nothing more. Powell complied and the customer was very pleased. Powell remembers thinking that if…
Read MoreWe did not see a press release on such, but we recently noticed that StoneMor Partners has began using a new logo. From our point of view it is appropriate as the company has had some rough times over the last couple of years with the stock price falling from the mid $20’s to Friday’s…
Read MoreWe reported in early 2018 that Dignity, the United Kingdom’s 2nd largest funeral merchant with a reported 12% of total market share dropped pricing by 50% in its lowest priced service segment to try to grapple more market share away from leader Co-op Funeralcare who has a purported 16% of the market share. All reports…
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