public companies
Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…
Read MoreIn a press release issued at the beginning of business yesterday, Wednesday May 25, StoneMor Inc. announced that the company had agreed to a “definitive merger agreement under which a subsidiary of Axar Capital Management, LP (“Axar”) will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by…
Read MoreCarriage Services was the first of our public death care companies to report on their 1st quarter of 2021 (January thru March 2021 numbers) when they did so last week. Even knowing that January 2021 had a high number of additional mortality in the United States because of the number of Covid-19 deaths, you have…
Read MoreWith today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general. The Death Care Index,…
Read MoreThis article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share. According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company…
Read MoreFuneral home and cemetery public operation companies Carriage Services and Service Corporation International reported 3rd Quarter results October 28 and October 30 respectively. Here are press releases from each company on their results. Funeral Director Daily will wait until after we have had the chance to read the transcripts of the analysts calls with the…
Read MoreAs we mentioned in yesterday’s Funeral Director Daily, the earnings season is upon us for public companies to report their operating results for the 3 months ended September 30, 2019. On November 7 we know that cemetery and funeral home owner and operator StoneMor Partners LP will give us those numbers and do know that…
Read MoreSecurity National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018. You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease…
Read MoreValue investor and self-described contrarian investor John Snyder wrote an article for Seeking Alpha that you can read here entitled, “Why I’m buying StoneMor”. We will leave the facts at that and I will give my opinion on the piece below. Funeral Director Daily take: This is an article that will cause all experienced funeral…
Read MoreEvery so often someone asks me what I think of the funeral/cremation/cemetery companies that are in the public ownership realm. So, today I will start giving you my opinions of what I think each is trying to, or should try to accomplish. Each in this series of write ups will be my day to be…
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