sci
Park Lawn Corporation Recognized – In a notice coming out of Toronto, Ontario, Canada, Park Lawn Corporation was recognized by the Toronto Stock Exchange as a member of its inaugural TSX30. The TSX30 is a new program designed to celebrate the 30 top-performing stocks over the last three years, based on dividend-adjusted share price appreciation.…
Read MoreThe state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years. Many of the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on…
Read MoreIn 2011 Davina Bambrick was forced to euthanize her 14-year old dog, Bennie. She now says that the worst of that situation was when “Bennie was abruptly whisked away” after being euthanized. She commented recently, “It was kind of an unusual process, that lacked a lot of care or empathy at the time. We weren’t…
Read MoreWhat to do with a funeral home that has “become outdated and closed due to a drop in demand?” That is the question that seems to have an answer from most of us and, in particular, the owner in this case Service Corporation International (SCI). I’m guessing that most of us would put the building…
Read MoreFor the 30+ years that I operated our family owned funeral home I had to deal with a maximum of about 17 employees or teammates at work at any given time. You got to know all of them real well and as the manager of a small firm you really understood what was happening under…
Read MoreLast week Matthews International, a multi-faceted United States public company based in Pittsburgh, Pennsylvania, reported 3rd Quarter results for their fiscal year which will end on September 30. The 3rd Quarter results are for the period ended June 30 and you can read the Matthews press release about the financial report for the 3rd Quarter…
Read MoreService Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday. SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because…
Read MoreBOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here. It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of…
Read MoreFinancial writer Benen Ling published on Seeking Alpha an article on the United States public funeral home and cemetery companies last week. He titled his article, “These Death stocks are barely clinging to life”. You can read the article here. Ling writes a good article and makes some great points about our profession and the…
Read MoreHouston based funeral home and cemetery consolidator and operator Carriage Services reported its 1st Quarter 2019 results yesterday. Their report somewhat parroted industry leader Service Corporation International’s report from a week ago in that “Same Unit” revenues dropped. In Carriage’s case, however, even with new acquisition revenue added in, their 2019 revenues of $69.1 million…
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