funeral business
Recently I was reading a business plan of a public company funeral home consolidator and when talking about how they look at the pre-need market, they mentioned that they look at Pre-Need as a “defensive posture” for holding on to call volume. That was interesting to me because I have always looked at Pre-Need as…
Read MoreFuneral Director Daily: As we do from time to time, I have included an article that was put out yesterday by Kenny Robinson of Seeking Alpha on Service Corporation International. The article, that you can read here, is an in-depth investment piece that I put out with no opinion other than to say it is…
Read MoreLast Thursday, March 22, Park Lawn Corporation announced its March monthly dividend. The company retained the dividend at $0.038 per month which figures out to a yearly dividend of $0.46 per share. Park Lawn’s stock closed last Friday at $26.60 per share leading the dividend to pay a yield of 1.7%. That stock price compares…
Read MoreThere is not a business around that doesn’t want a bigger piece of the pie when it comes to market share. Funeral businesses and funeral home owners are no different. So, what is the secret in building your market share? First, there is no silver bullet on how it is done. However, just like Major…
Read MoreThe South Korean Ministry of Health and Welfare recently released a report that indicates that since the 1990’s South Koreans have been preferring cremation at a very high percentage. An article published in the Straits Times that you can read here indicates that over 80% of South Koreans now choose cremation. The article points…
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 MoreDignity, PLC, the United Kingdom’s death care conglomerate announced on March 14 that they would be hiring L.E.K. Consulting to work them them in developing a plan for the funeral business going forward. This comes following their January 19 announcement that the company would be drastically reducing their funeral service prices to consumers in response…
Read MoreDeath care industry company Service Corporation International recently presented at the Raymond James 39th Annual Institutional Investors Conference. I’ve found a slide deck about their company on Seeking Alpha that you can see here. It was part of their power point presentation to institutional investors and is an interesting synopsis of the company as…
Read MoreOn Friday StoneMor Partners issued a press release that you can read here. In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer. According to the release, Pound is…
Read MoreHave you noticed in the last several years the number of Saturday funeral or memorial services that you conduct in comparison to the services that are done the rest of the week. At least, anecdotally, if you don’t keep statistics, you must feel you are scheduling staff more and more on Saturdays to serve…
Read More
