death care stocks
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…
Read MoreAs 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,…
Read MoreMuch 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…
Read MoreEarlier 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…
Read MoreDeath 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…
Read MoreStoneMor 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…
Read MoreFriday 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…
Read MoreDeath 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…
Read MoreA 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…
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