Park Lawn
This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”). The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation…
Read MoreLast Friday when Funeral Director Daily published an article entitled “Is it time to buy funeral home stocks” unknown to us Seeking Alpha author Mat Litalien was publishing an article about Park Lawn Corporation. It was entitled “Death and Taxes” and gives a synopsis of Park Lawn Corporation and he concludes his article by saying…
Read MoreIt was announced last Friday that Park Lawn Corporation had acquired the Malcolm, Deavitt & Binhammer Funeral Home Limited. The one building standalone funeral home is located in Pembroke, Ontario. The funeral home, according to this press release from Park Lawn Corporation, “performs approximately 153 calls per year.” Here’s what J. Bradley Green, Chief Executive…
Read MoreThe last time we checked in on Funeral Director Daily’s proprietary Death Care Index (DCI) was in this article from January 4, 2021. At that time we noted that the stock index of companies in the death care realm had a total return (capital appreciation plus dividend) of about 6.85% for the calendar year of…
Read MorePark Lawn Corporation (PLC), the funeral home and cemetery operator, with headquarters in Toronto and Houston, announced their 3rd Quarter 2020 results last week. As a growth company, they continued to exhibit those traits — with revenue for the quarter growing to $83.7 million from last year’s 3Q revenue number of $66.5 million (all dollar…
Read MoreThis article published last week from Bloomberg Law alleges that when former Park Lawn Corporation CEO Andrew Clark resigned and left the employment of the company he carried trade secrets with him to his new employer, Plot Box, Inc. The article from Bloomberg Law notes that a lawsuit was filed in a Delaware federal court…
Read MoreThe history of funeral directing and funeral home ownership in the United States has been one of passing the torch to the next generation of the family to carry on. My family was no different. . . .we carried our cabinet shop, furniture store, funeral home from the 19th Century into the 21st Century. That…
Read MoreLast week Vrishali Bagree of Zacks presented an article that appeared on Nasdaq.com. It was entitled “Rising demand keeps funeral industry going: Four stocks to watch”. You can read that article here. In essence the article tells that the Zacks Funeral Services industry is housed within the broader Zacks Consumer Staples sector. According to the…
Read MoreI happened to see that at the close of the markets Friday that funeral home and cemetery operator and consolidator Park Lawn Corporation’s stock closed down over 9% from the previous day. I looked for news on the company but could not find anything in the public world that would cause a precipitous drop in…
Read MoreLast week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019. They also provided commentary on how they believe that the company will move in the next three years. I will provide some factual information in this report but also my…
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