Tag: funeral homes

Products

Necessity (or COVID-19) is the mother of inventions

The old saying is that “Necessity is the mother of inventions”.  I thought of that as I read a couple of articles in the last couple of days on how young entrepreneurs are working to make a name for themselves and build a business in the death care industry. There is no doubt that the COVID-19 pandemic will change some of the things we do in funeral service and the ancillary professional services in cremation and the cemetery business permanently. […]

Finance

Seeking Alpha: Death care stocks to benefit from pent up demand

Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”.  You can read the full article here. Spooner says that “the death care industry stocks have sold off with the rest of the market, and although revenues from services are being squeezed by social distancing, it is likely that funeral services […]

Business

Revisiting Clive

When I was just getting going on writing an occasional blog article back in May 2017 – about three years to the day from today – I was fascinated with a young man from County Cork Ireland who grew up wanting to be a funeral director.  As it turned out, circumstances worked out so that at age 31 Clive Anderson became owner of a funeral home in Pelham, New York, that catered to those of Irish descent.  You can read […]

Uncategorized

News for funeral service professionals

Today we just pass on a couple of items that we found that we thought would be of interest to you.  Please note that the webinar entitled, “COVID 19 – Your Legal Questions Answered” is scheduled for tomorrow. Webinar:  Covid-19:  Your Legal Questions Answered.  Friday, April 17.  10 am Eastern time.  9 am Central time.  This webinar is sponsored by the National Funeral Directors Association and will feature NFDA legal counsel T. Scott Gilligan.  It will be moderated by NFDA’s […]

Business Finance

StoneMor: “We’re solvent enough. . .”

Most people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”.  The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America.  The death care market is believed to be about $21 billion in annual revenues and StoneMor is believed to have about 1.5% of that market.  It is believed […]

Finance

Security National reports year end 2019

Security National Financial Corporation (SNFC), the Utah public company that is partly rooted in the preneed funeral insurance and mortuary/cemetery business, recently reported its 2019 year end financial results.  You can read the company’s press release on the results here. The results do say, “For the twelve months ended December 31, 2019, SNFC’s after-tax earnings from operations decreased 49.8% from $21.6 million in 2018 to $10.8 million in 2019, on a 1.2% increase in revenues to over $283 million. However, […]

Business

COVID-19 and funeral homes: Where are we. . .where are we going

The other day I received a phone call from a national writer doing a story on how the COVID-19 pandemic is and will affect funeral homes now and into the future.  I shared some of my thoughts and I don’t know if that reporter will use them or not, but I thought I would recount my views and let the readers of Funeral Director Daily know my perspective. First of all, you all know that a lot is still up […]

Business

Weekend Update: Our colleagues on the front lines

Earlier this week a national reporter called me to ask some questions about COVID-19 and how it might relate to the funeral industry as more and more deaths occur.  My prediction on the services front was that even if we hit the range of 100,000 to 240,000 deaths that the administration is now predicting, that is an annual increase of between 3% and 8% over America’s annual 2.8 million annual deaths.  So, it is something that I believe America’s death […]

Business

Teaching old dogs new tricks

The old saying is that you “Can’t teach an old dog new tricks”.  Well, I think after this week that I am living proof that statement definitely does not hold water. You see, this week I watched four webinars on what is happening in funeral service and the death care industry.  That, in itself, for a 62-year old, 35 year veteran of the profession is a new trick!  I have been used to learning from going to seminars and reading. […]

Regulations

Information updates for death care professionals

We just want to give a huge thank you to our subscription list across the world.  Each day during the COVID-19 situation we are trying to get out information, that may be pertinent to you in your own situation, about the pandemic as it relates to the death care profession.  We are so thankful that so many of you are passing along our lists of valuable information to others in the profession. Personally, I have been able to watch three […]