Tag: funeral business

Business

The opportunity for the “Not so Big” funeral business across North America

We commented on an article about what an author called “Big Funeral” in last Friday’s edition of Funeral Director Daily.  While I told you I didn’t agree with much of the article from Wired, I thought it was a pretty good read and, at least, one author’s not so great opinion of the death care profession. The article, and some of its reference points, made me do a little more research on “What is the state of funeral homes in […]

Afternoon Edition

Roosevelt Investments to host Update

Roosevelt Investments, a wealth management firm with 50 years of experience working with funeral and cemetery professionals, will host its next live video call on Thursday, October 14, beginning at 12 Noon Eastern Time. The topic will be “Short-Term Turbulence but Medium-Term Optimism:  Our Thoughts Into Year End” John Roscoe, CFA, Chief Investment Officer, and Jason Benowitz, CFA, CMT, Senior Portfolio Manager, will sit down to discuss: Disruptive Impacts: chaos in China, and other concerns for investors Game of Chicken: […]

Business Cremation Products

Will pet cremation be the next “Big Thing” in the funeral home business?

Every once in a while I come across a couple of items that are sometimes related and it makes me think about potential business aspects of the items when combined together.  That recently happened to me once again — late in September I received a marketing e-mail from the Cremation Association of North America (CANA) regarding “Pets and Cremation”.  And, just on Tuesday, Funeral Director Daily did an article on “Customer Acquisition vs. Customer Retention.” It made me wonder. . […]

Finance

Park Lawn Corporation adds acquisition

It was announced last Friday that Park Lawn Corporation had acquired the Malcolm, Deavitt & Binhammer Funeral Home Limited.  The one building standalone funeral home is located in Pembroke, Ontario. The funeral home, according to this press release from Park Lawn Corporation, “performs approximately 153 calls per year.” Here’s what J. Bradley Green, Chief Executive Officer of Park Lawn said about the transaction, “This is an excellent opportunity for Park Lawn to expand its footprint in Ontario as we continue […]

Business Preneed

Acquisition vs. Retention. . . .where to concentrate?

It’s an age old debate that is carried on even in MBA classes at major colleges.  . . . . .Where are your advertising dollars spent best — on Customer Acquisition or on Customer Retention?  A local issue in a concern outside of the death care industry had my friends and I debating it over coffee this weekend. You hear a lot in the public markets about companies adding customers.  However, very seldom do we hear about “Net New Customers”.  […]

Cemetery Regulations

Do we still “Do the Right Thing” simply to “Do the Right Thing”

I’ve been around the death care business for a long time and I’m certain that I didn’t always make the correct decision in the many hundreds of decisions that I had to make every month.  However, I can tell you that I always wanted to “Do the Right Thing.”  And, the times when I realized that it turned out that I didn’t do the right thing. . . always bothered me. Doing the right thing isn’t just tied to the […]

Finance

Will Axar take StoneMor private?

As you can see from this Yahoo Finance article, Axar Capital Management has sent StoneMor Inc. a letter expressing “an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.”  As you may know, and according to E-Trade, Axar Capital Management currently owns 88.6 million of the 118 million common shares of StoneMor Inc.  Those 88.6 million shares represent over 75% of the outstanding common stock. StoneMor Inc. is a Pennsylvania based operator […]

Business

Oh. . . how the work world is changing around us

I read this recent article from Yahoo Finance where the COO of Salesforce, Bret Taylor, states that if he was starting a company in today’s world he would first start with the company’s “Digital Headquarters” rather than an operational physical headquarters.  That statement alone shows the “mega shift” in business, workforce, and consumer acquisition thought over a period of less than five years. Taylor states in the article, “Consumer goods companies are going direct-to-consumer, supply chains are going digital and […]

Preneed Regulations

This is the week

This is the week that Congress should act on the Biden Administration’s key piece of legislation, the $3.5 trillion “Human Infrastructure” bill.  Regardless of what happens or how you feel about that bill, I thought it would be interesting to look back on how death care has fared from the other two large social bills passed in American history — the New Deal and the Great Society. The New Deal was passed by Congress under the Franklin D. Roosevelt presidency […]

Business

The bartender becomes a mortician

I don’t know if it is just me or others see it too.  For years funeral directors seemed to work in anonymity, but when someone called us we were always there to answer.  However, because of the Covid-19 pandemic, I seem to think that funeral directors and morticians are finally seen in our society for the good we do. I also think that is a good thing. . . and that it will lead to better things in the future.  […]