funeral business
It is often said that “necessity is the mother of invention”. This article from Manufacturing Business Technology shows us that is the case in Hong Kong at this time as a recent surge in Covid-19 deaths has created a shortage of coffins in the city. The article states that “Hong Kong has reported about 200…
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There is a battle being waged over the human disposition method called “aquamation”, also known as alkaline hydrolysis or flameless cremation. But, most of us are just too busy or are comfortable with disposition in the form of earth burial or cremation to really notice it. I find it interesting in a world where everything…
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Last week Seeking Alpha published a fact and opinion article on Service Corporation International (SCI) entitled “Service Corporation International: An under the radar wealth generator”. The article was one of the most in-depth pieces I have seen on SCI, its operations, and its potential as an investment. You can access the article here. From my…
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StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years. That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears…
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Last week I was sent an offering to download the Passare short 26-page ebook entitled “The New Funeral Consumer”. In general, the ebook is based on observations and answers from what Passare says “is (probably) the largest independent funeral study that has ever been conducted. Interviews were conducted with over 3,000 individuals and each were…
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A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation. The press release also states…
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I enjoy learning and then finding solutions to problems. It’s something I’ve done since I was a child — find out the facts of the situation and then solve the problem. To that end, I continue to read four business newsletters per day. . . I simply enjoy what I learn from them and then…
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Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million. This positive swing was accomplished despite Revenue dropping about 1%…
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Steve Wright, 4th generation funeral director, recently announced that the Wright Funeral Home in Moorhead, Minnesota, had been sold to longtime employee funeral directors and brothers Adam and Bailey Nordin. The Wright Funeral Home dates back to 1881 and has grown and served the greater Moorhead-Fargo community for 141 years. Steve Wright assumed full control…
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I love business and the challenge of building a business. To me it is very much like a jig-saw puzzle. . . . you have to work with the pieces you have and continue to move them around until they, like a jig-saw puzzle, fit together and make everything work. I served on the Board…
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