Tag: death care stocks

Finance

Zacks looks at the funeral industry, an update on the DCI

Last week Vrishali Bagree of Zacks presented an article that appeared on Nasdaq.com.  It was entitled “Rising demand keeps funeral industry going:  Four stocks to watch”.  You can read that article here. In essence the article tells that the Zacks Funeral Services industry is housed within the broader Zacks Consumer Staples sector.  According to the article, Zacks ranks 250 different industries and the Funeral Service industry ranks quite high at #25. Zacks also says this about the Funeral Services industry,  […]

Finance

New Carriage Services COO puts some skin in the game

As reported last week on Funeral Director Daily, Carriage Services has hired William Goetz as its new Chief Operating Officer.  Late last week we learned that Goetz has came out of the chute by showing confidence in the company the he will lead.  It was reported in this article that on Wednesday, December 11, 2019, Goetz purchased 10,000 shares of Carriage Services common stock at an average share price of $27.48 leading to a total value investment of $274,800. Funeral […]

Finance

A Tale of Two Stocks

Much like many of you, I’m an amateur investor that likes to watch what is happening to public sector stocks in the death care industry.  Today I’m going to take a look at a couple of stocks that I own in the industry – Service Corporation International and Carriage Services — and try to deduce what has led to their divergent fortunes of the stock prices in the past year. First of all when you look at the companies, they […]

Finance

Inside the Numbers at SCI

Earlier this week Service Corporation International posted their 2nd Quarter results, which you can see in a company press release here, and we told you that we would analyze them and report our impressions.  There is nothing that surprises us with the SCI results, more so, they reinforce what we believe is the direction of the consumer movement in death care moving forward. Here is some of what we found and why we believe it shows a consumer reinforcement of […]

Finance

Matthews International Posts Solid 2Q Earnings

Death care conglomerate Matthews International, based in Pittsburgh, Pennsylvania, posted their 2nd quarter earnings report of Fiscal Year 2018 last week.  Here’s what President and CEO Joseph C. Bartolacci said of the report, “The company’s results for the fiscal 2018 second quarter were in line with our internal expectation and we are on track to achieve the fiscal 2018 targets that we increased in reporting our first quarter results.” You can read the Matthews International press release on the earnings […]

Finance

StoneMor Press Release Tells of Delay for Form 10-K

StoneMor Partners issued a press release last week that it will not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2017 by its due date of April 2, 2018.  They are seeking a waiver to extend the date by which the Form 10-K must be filed.  You can read the press release here. In the same release StoneMor also provided preliminary unaudited financial information for the 2017 year.  Here are some of the highlights: […]

Finance

Assurant Performance Holds Back Death Care Index

Friday marked the stock market’s first “quadruple witching day” of 2018 so we thought it might be a good time to look at the performance of the death care industry stocks and how they performed in the first 2 1/2 months of the 2018 market.  Funeral Director Daily’s Death Care Index or DCI is a compilation of eight public companies in North America and represents the total stock price if you held one share of each stock – it is […]

Finance

Targeted Death Care Stocks Move the Market Last Friday

Death care stocks, StoneMor Partners and Carriage Services, both components of the Funeral Director Daily Death Care Index (DCI), had postive movements last Friday which lifted their companies stock price and market capitalization. Carriage Services reported Year End earnings for 2017  last week and we at Funeral Director Daily commented that the company “keeps chugging along and making money, sometimes in spite of themselves.”  We also mentioned, that while they have challenges, they appeared to increase their same store sales […]

Finance

Assurant Posts Operating Loss of $76.3 Million for 3rd Qtr

A net operating loss of $76.3 million was reported by global conglomerate Assurant yesterday.  While two – Global Lifestyle and Global Preneed – of their three operating units posted profits, they were far outweighed by the losses in the Global Housing segment to produce the loss.  The Global Housing unit loss of $110.3 million was principally the result of Hurricanes Harvey, Irma, and Maria and the Mexico City earthquake. Interesting notes that we found in the report from Assurant, which […]