funeral homes
For the last half century the funeral industry has seen tremendous growth of multiple firm businesses getting that growth not necessarily thru growing sales, but by acquisition of other firms. Firms that wanted to grow by acquisition had to be ready when a firm from down the road came up for sale, which in many…
Read MoreThe common held belief in the funeral and cremation services business is that people will always need death care professionals to execute the lawful disposition of the deceased. However, another trend that has been taking place over the past ten years is that a larger percentage of the client families that you serve will be…
Read MoreOn February 22 Carriage Services executives including CEO Mel Payne and Chief Financial Officer Ben Brink held a call with investment advisors relating to the Full Year 2018 results of Carriage Services. You can read a full transcript of that call here. A few days ago we reported on the earnings report in this column…
Read MoreOver the past couple of days I’ve noticed a couple articles on rules and regulations in the Death Care industry. These are not generally municipal or national rules but some rules that are now in effect in different places for different reasons. I guess all that I have cited here make some sense to those…
Read MoreToday I was looking through some ideas and came upon three subjects that, while not all open for in-depth stories and opinions, I thought were interesting enough in their own right to just mention and let you take a look yourself if you wanted to delve deeper into the subject matter. The first item that…
Read MoreSometimes what seems like the obvious isn’t always the best. Yesterday we wrote about trying to bring the volume of your services number to a larger number and how that could help by reducing your costs per service. One way we suggested doing that was by an acquisition in the same geographic area of your…
Read MoreOver thirty-five years as an owner operator of a community funeral home I made hundreds of business decisions. Some were easy, some were hard, some worked out, some didn’t. The one common denominator is that I did my research and thought that I was doing the right thing to either help the community or gain…
Read MoreWhile searching through articles pertaining to the death care industry I came across an article from Vice.com entitled, “Inside New Orleans Extreme Embalming Funerals” that you can read here. The article points out a trend, that as far as the author can tell started in Puerto Rico in about 2014 and has grown in acceptance…
Read MoreIn my opinion, when I look for something to invest in, I gauge the safety of the investment as well as the possible return and then make a decision if the balance is there between the two. I also look at two sides of an equity investment as the potential for growth (as defined by…
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