Tag: funeral industry

Business

Death Care and the possible new orientation

Yesterday we published an article dealing with the potential $1 billion value of a consolidated group of companies that serve the death care space.  Yet, to my knowledge, not one of these companies deals with the physical aspect of taking care of the deceased human being.   I was, and still am,  somewhat astonished at that amount of money for some companies that, in my opinion, are ancillary to what I would call “the process of death care”. It made me […]

Finance

Public funeral home companies and 2019

I will preface this article to say that it is being written on Friday, January 10.  Because of that all prices quoted come from the end of the day on Thursday, January 9.  I will also say I am not a stock security analyst and all opinions are mine alone.  Finally, I do own stock positions in Service Corporation International and Park Lawn Corporation. With that said, I thought it might be fun to compare what these public funeral home […]

Business

Minnesota – and the rest of the nation – will need funeral directors

I came across this article last week which describes the work of Victor Sweeney as the single funeral director in the rural Minnesota town of Warren.  Sweeney describes what he does and why he loves taking care of people at the time of death. The article also goes into the state of the profession in Minnesota where the mortuary classes at the state’s flagship university are dwindling in size.  Turning that enrollment picture around, as the article states, depends on […]

Uncategorized

Funeral Director Daily readership keeps rising

Funeral Director Daily continues its rise as what is probably the fastest growing readership medium in the death care profession.  For the past six months, since April 2019, readership has grown 64% — or an average of 10.67% per month.  And, we believe that when statistics are in for November, Funeral Director Daily will be showing an even more rapid increase in readership. As a matter of fact, readership has grown an incredible 6 times what it was only two […]

Finance

Financial authors Duguid and DiNapoli on StoneMor Partners

A couple of weeks ago (byline May 17)  financial writers Kate Duguid and Jessica DiNapoli wrote a piece that was picked up by Reuters that you can read here.  The article concerns the financial wherewithal of United States funeral home and cemetery operator StoneMor Partners LP. From our point of view, it is a very good article and gives a clear and concise picture of what CEO Joe Redling is up against as his team tries to turn StoneMor into […]

Business

Independents strategize niche on three continents

Without even recognizing it funeral service has always had niche businesses inside of it.  Even full service funeral homes could fit in the niche category if they exclusively catered to protestant or catholic clientele. . . or if they were a cremation society type discounter.  We’ve always had some niche operations in the industry even if we didn’t know it ourselves. For the last several years I’ve advocated that I believe that the death care profession will move into more […]

Regulations

Consumer issues and complaints in the death care industry

It was a different day and age 30-40 years ago when funeral directors and those in the funeral profession were sought out for their opinions on anything death care related.  Opinions were given and communities and consumers accepted the educated opinions of the death care professionals.  It may be that funeral directors and others in the business didn’t always know the right and proper ways for everything, but adequate care was given to all issues and that seemed to suffice. […]

Business

How long until virtual funeral homes/crematories?

I saw an article earlier this week from Seeking Alpha that you can read here that retailer Nordstrom’s sales increased year over year for the year 2018 by 2.3%.  What really hit me about the number though was as I read farther into the article I found out that Nordstrom’s brick and mortar stores suffered a year over year sales decrease of 1.9% while Nordstrom online sales increased at a 13.6% clip. According to the article many other companies do […]

Cremation

Do you know your trade partners?

Back in 2002 all of us in the death care industry got a shock when we found out about what was happening in Georgia with the case of the Tri-State Crematory.  For those of you who are too young or just don’t remember it was the first time we ever heard of a funeral trade services provider willfully being found to have multiple violations of care of the bodies entrusted to them.  Funeral homes from all over the area had […]

Business

Business Monday

A lot happened at the end of last week in the Death Care industry and we will try to give you just a little idea of that as we catch up from over the weekend. StoneMor Partners, L.P. announced in this press release that they will be announcing a corporate transition from a Master Limited Partnership to a Delaware “C” Corporation.  According to the press release they have entered into a definitive agreement that will result in this newly created […]