funeral business
Upon the heels of a very profitable quarter and yearly report of funeral and cemetery consolidator Carriage Services, Moody’s Investor Services last week raised the credit rating of the company as you can see in this article here. A better credit rating should drive down borrowing costs for Carriage Services and, according to the Year…
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Where a person dies does have an effect on funeral home operations. One simple effect you can see is that of two person removal teams to homes rather than a one-person removal being done at a hospital or nursing home where there is always facility staff help if needed. This recent article from the Associated…
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Service Corporation International reported both their 4th Quarter 2020 and Full Year 2020 reports last week. Among the interesting items that you can find in the report, that can be accessed here, is that their total number of services increased from 319,616 in 2019 to 364,312 in 2020. . . .that’s an increase of 13.98%.…
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Sometimes it is difficult to take a public stand on an issue. You might feel strong one way or another, but you know that taking a public stance could possibly hinder the amount of business that you do. It is pretty evident in America right now that if you flew a Trump 2020 flag in…
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A couple of weeks ago we brought our readers this article where Senate Majority Leader Chuck Schumer and New York Congresswoman Alexandria Ocasio-Cortez were hopeful that the COVID-19 relief bill passed in December would bring funeral re-imbursements to many who lost loved ones to the pandemic. At that time they were hopeful that some of…
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A television show about the goings on in a funeral home is nothing new. I can remember the shows “Family Plot” and “Six Feet Under”. Last Friday night, Netflix premiered the newest franchise in funeral television when they aired the first episode of “Buried by the Bernards“. This article and video shows the family having…
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Today we celebrate President’s Day 2021 in the United States. We’ve just been through an election. . .and an impeachment hearing. There is no doubt that the American president, whomever it is at the time, is the centerpiece of the most media attention of any human being on the planet during his time in office.…
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Many of the decisions that have been made over the years in business have been made by “gut feel”. Lots of business people, including those in the funeral business, have made lots of money by following their hunches. I was a little bit like that as in the 1980’s I didn’t have a lot of…
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We touched on the subject last week when we did an article questioning how some in authority view funeral directors and other death care professionals in light of large financial fines for a service going over the allotted number of allowed mourners in Great Britain and the death care professionals in Ohio trying to be…
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Back in October 2019 on an episode the television production of Shark Tank, serial investor and billionaire Mark Cuban became invested in a death care company. It was at that time that Cuban invested $600,000 for a 9% share of the “cremation carbon to diamond” company Eterneva. That $600,000 investment gave the company a valuation…
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