funeral business
Over the weekend I read a couple of articles on different subjects that brought me to the question, “Can a funeral/memorial celebrant on staff increase revenues?” You might be wondering how I got to that question or even why I might ask it. Let me explain. I first came across an article on church attendance…
Read MoreLast week Houston based funeral home conglomerate Service Corporation International (SCI) added two new members to its board of directors. A press release from SCI that you can read here announces the appointments of Jakki L. Haussler and Sara Martinez Tucker as the new members. According to the release, SCI CEO Tom Ryan stated that…
Read MoreLast week the Legacy Funeral Group announced the acquisition of the Charlie Marshall Funeral Homes. The Charlie Marshall Funeral Homes were founded in 1949 and have served the Texas communities of Aransas Pass and Rockport for over 65 years. You can read a press release on the transaction here. According to the press release, the…
Read MoreToday we bring you a short, less than 3 minute video, and article that you can access here that has the CEO of death care conglomerate InvoCare speaking on why he believes it “is a transformational time” in the industry. CEO Martin Earp, speaking with CNBC, talks of the major shift on how people are…
Read MoreI present you this article published yesterday from investor opinion site Seeking Alpha on the potential upside of StoneMor Partners. It is a good read and, like most articles pertaining to the death care industry, there is something to take from it. Funeral Director Daily take: I will tell you, however, as a 35 year industry…
Read MoreRecently 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…
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