Tag: sci

Finance Preneed

Is SCI’s value in their “float”?

I’m a fan of Warren Buffett and his company, Berkshire Hathaway.  Matter of fact, I enjoy reading his annual shareholder letter because it just doesn’t tell how his businesses are doing, it explains to the reader why he is in those businesses and how he makes money for his shareholders. Back in 1936 a gentleman by the name of Leo Goodwin from Washington, D.C., became convinced that auto insurance could be standardized and sold without agents to the general public.  […]

Finance

SCI’s Tom Ryan: “. . true earnings growth from funeral will require increased funeral services”

Service Corporation International (SCI) reported their 1st Quarter financial results last week and in it we found a lot of information and perspective that we believe is informative and, in our opinion, pretty good news as to how the American public is coming out of the pandemic with their actions on funeral care seemingly indicating that they are in line with how they felt prior to the pandemic. First of all, SCI’s results from the first quarter are indicative of […]

Business Finance

Independent operators. . . . .know your value

Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people.  One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career as an acquisition target expert for the large corporate entities.  Suffice it to say, I listened and learned a lot about the mergers and acquisition […]

Finance

Revenues, operating income pop for StoneMor. . . . 2020 year end report

In a report issued last week, StoneMor Inc. released its financial results for the 4th Quarter of 2020 and for the full-year of 2020.  Here’s what CEO Joe Redling said in the report that you can read here, “The groundwork that was laid with our transformation initiatives, allowed StoneMor to produce another very strong quarter financially, while weathering the surge in the COVID-19 pandemic. We saw 29% year-over-year revenue growth, driven by a strong sales performance including a 20% increase […]

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

Service Corporation services jump 14% in 2020

Service Corporation International reported both their 4th Quarter 2020 and Full Year 2020 reports last week.  Among the interesting items that you can find in the report, that can be accessed here, is that their total number of services increased from 319,616 in 2019 to 364,312 in 2020. . . .that’s an increase of 13.98%. That number in itself is interesting considering the fact that Service Corporation International (SCI) is the largest provider of death care services in the United […]

Business Regulations

The Funeral Director to Presidents

Today we celebrate President’s Day 2021 in the United States.  We’ve just been through an election. . .and an impeachment hearing.  There is no doubt that the American president, whomever it is at the time, is the centerpiece of the most media attention of any  human being on the planet during his time in office. Over my lifetime, I’ve seen that world-wide media attention be both good and bad. . . .showering positives on that president when some in the […]

Finance

There is a new player coming to town

Back in 1962 Robert L. Waltrip owned one family owned funeral home in Houston, Texas.  And then everything changed when he purchased his second funeral home in Houston.  That led to his adding a 3rd funeral home and forming a company, now known as Service Corporation International (SCI), that owns and operates over 1900 death care facilities across North America. The company has been a great American success story.  And, as they say, “Imitation is the greatest form of flattery”.  […]

Afternoon Edition

SCI’s Dignity firm “here to help” in California

It was recently reported that California passed the three million mark in the number of documented COVID-19 cases and passed the 33,000 mark in death due to COVID-19.  According to several sources, that great number has caused some funeral homes to stop accepting new death call cases. That has caused Dignity Memorial director Anthony Lampe to make the following statement about California’s Eternal Valley Memorial Park and Mortuary, “We want to be there to support the community. … Our intention […]

Finance

2020: A look back at the public companies

There are a lot of reasons that people may look to get the year 2020 in their rearview mirror.  However, when you look individually at the performance of the public companies in the death care realm for the calendar year, my guess is that almost all of them would be happy to repeat the year’s performance in 2021. The trend among the public companies in 2020 could certainly be classified as COVID, leadership, and lawsuits.  And, who would have thought […]