funeral business
In a year when the “Magnificent Seven” technology stocks led a robust rebound in the technology heavy NASDAQ stock index it appears that investors in traditional funeral home and cemetery public companies looked on with a wary eye as to how those companies would fare moving into the next stage of death care…
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It was only a couple of short months ago that Michigan Governor Gretchen Whitmer signed a new bill into law which allowed for less regulation in the preneed insurance business in that state. Proponents had argued that unless there was more freedom in how preneed companies controlled their growth rates more and more companies would…
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A permitted crematory under construction in the Dallas, Texas, suburb of Frisco is coming under scrutiny by neighbors who are not happy with it being located in a residential neighborhood. However, according to this article “Frisco City officials insist that the crematorium’s approval predates the nearby neighborhood development, with plans available publicly since…
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I’m old enough to remember that one of the earliest cries for increased cremation was that cemeteries will soon take up too much space in America. A rebuttal to that thought back in the 1980’s was always the quote “. . .if everyone in America died today we could bury them in 1/3 the…
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We learned last week that a transaction announced in October 2023 had been closed prior to the New Year. The transaction that you can read about in this press release from Park Lawn Corporation included the sale of 72 cemeteries and 11 funeral homes, and one crematory from Park Lawn Corporation to Everystory…
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Earlier this week I mentioned in an article that I believe that 2024 could see major merger and acquisition moves in the Death Care space. First of all, I opined that there is a lot of private equity dollars sitting on the sidelines and I coupled that with the fact that I seem to…
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As I’ve gotten older I’ve realized that not everybody keeps their habits like I’m pretty apt to do. I met two retired friends for coffee last Friday morning and while I choose my simple Black Light Roast my friends choose the fancy latte’s with something added. . . And before I even knew it,…
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In a press release from earlier in December, the National Funeral Director’s Association (NFDA) made note that in spite of the conern for inflation in the United States, a recent survey seemed to show that the cost of a funeral has increased less than the overall rate of inflation for the past two years.…
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Let’s see. . . . History, contemporary issues such as branding your Direct Cremation, generational funeral home acquisitions, and even some information on Death Care investments. . . . our Top 5 read articles of the last 30 days hit exactly what we look for in getting all kinds of death care related interests…
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Last week, according to this article from Reuters, one of the largest companies in the world of tobacco took a $31.5 billion write down on the value of their future sales. British American Tobacco (BAT) took this write-down on the value of some U.S. cigarette brands “acknowledging. . that its traditional market has…
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