Tag: Park Lawn

Finance

Park Lawn makes acquisition, enters the state of Virginia

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 CEO J. Bradley Green said of the transaction, “We are excited to continue our strategic growth in the southeast by entering into the Virginia market […]

Finance

Seeking Alpha opines on Park Lawn Corporation

Last 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 “For a stock like Park Lawn, management’s track record is an important factor in the company’s future success and the future looks bright for Park […]

Finance

Park Lawn Corporation adds acquisition

It 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 Officer of Park Lawn said about the transaction, “This is an excellent opportunity for Park Lawn to expand its footprint in Ontario as we continue […]

Finance

Checking in on the DCI. . . up over 10% year to date

The 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 2020.  We mentioned that was not as high as the returns of the NASDAQ index or the S&P 500, but it was a solid “grind […]

Finance

Park Lawn reports 3rd Quarter. . . .continued growth

Park 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 amounts, unless otherwise indicated in this article are in Canadian dollar denominations).  That’s an increase of over 25% on the top line. You can access […]

Finance

Park Lawn lawsuit alleges trade secret irregularities

This 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 on October 30, 2020.  Here’s what that article says, “the company (Park Lawn Corporation) said rival PlotBox, Inc. induced Andrew Clark to violate nondisclosure and […]

Finance

Acquisitions: Park Lawn adds South Carolina firm, others moving forward in Pennsylvania

The 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 was a time period that spanned 141 years, from 1872 when our roots were planted until 2013 when the majority of our firm was sold […]

Finance

Zacks looks at the funeral industry, an update on the DCI

Last 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 article, Zacks ranks 250 different industries and the Funeral Service industry ranks quite high at #25. Zacks also says this about the Funeral Services industry,  […]

Finance

Investors still reluctant with death care stocks

I 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 valuation like that. What it did cause me to do was take a look at all the other death care stocks that comprise the Funeral […]

Finance

Carriage Services reports 4th Quarter and Year End 2019

  Last 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 opinions.  Please note I am not a stockholder in Carriage Services at this time. You can access their February 19 press release related to earnings […]