Tag: Service Corporation International

Finance

Carriage Services adds two locations in Mid-Atlantic Area

Last week Carriage Services, a funeral service public company based in Houston, Texas, announced that they had acquired two funeral homes in the State of Virginia.  You can read the press release here. The release announces the acquisition of the Covenant Funeral Homes in Fredericksburg and Stafford, Virginia.  The release goes on to say that these firms serve over 1,000 families annually in the highly growing markets southwest of Washington, DC. Mel Payne, CEO of Carriage Services, is quoted, “Partnering […]

Business

Allnut Family Funeral Homes to replace Greeley Chapel

Not quite a year ago we reported that funeral home consolidator Service Corporation International had acquired 13 locations in Colorado when they announced the purchase of the Allnut Funeral Homes.  We noticed a press release today that indicates how important the growing Colorado market is to the company when SCI announced that they are making an additional investment by building a new funeral home in Greeley, Colorado to replace an aging Allnut Funeral Home facility. You can read the article […]

Business

Dignity Memorial adds representation on Florida’s West Coast

According to a release published in the Sarasota Business Observer, funeral professional Robert Toale and his family have joined the Dignity Memorial Network in Sarasota and Manatee Counties of Florida.  Again, according to the release, Dignity Memorial now has 2,000 funeral, cremation, and cemetery service providers in its network.  You can read the release here. The release goes on to say that three funeral homes have also slightly changed their names and that two of the chapels will be renovated. […]

Finance

Checking in on the Death Care Index

Part of what we try to do at Funeral Director Daily is to keep you updated on all things funeral service.  One of the ways we do that is by watching what is happening with the publicly held death care community stocks.  Here are the stocks that we check up on regularly and compute the Death Care Index or DCI by computing what would be the composite price of the group if you held one share of each. Security National […]

Finance

Service Corporation adds Board Members

Last week Houston based funeral home conglomerate Service Corporation International (SCI) added two new members to its board of directors.  A press release from SCI that you can read here announces the appointments of Jakki L. Haussler and Sara Martinez Tucker as the new members. According to the release, SCI CEO Tom Ryan stated that the backgrounds and leadership experience of the two will make an important and positive impact on the company. Haussler was the co-founder of Opus Capital […]

Finance

Is Funeral Service an “Unappealing” Industry?

I’ve always been intrigued by the stock market.  I can remember over 50 years ago talking to my dad about what he thought was the end-all when looking at companies to potentially invest in.  For him it was the P/E ratio.  Dad always wanted the stock to have a P/E ratio of 15 or less before he would think of purchasing it. Other people think of other things – some more intangible for the company.  It is interesting that today […]

Finance

Seeking Alpha Article on StoneMor Partners

I present you this article published yesterday from investor opinion site Seeking Alpha on the potential upside of StoneMor Partners.  It is a good read and, like most articles pertaining to the death care industry, there is something to take from it. Funeral Director Daily take:  I will tell you, however, as a 35 year industry veteran I don’t agree with some of the industry assumptions that the author uses.  I suggest that you read the article, but remember, it is […]

Finance

Service Corporation Reports 1Q 2018

It is earnings time for public companies and today we are reporting on what Service Corporation International reported in their 1st  Quarter report of 2018.  You can see their complete press release, including financial information, here. In essence, Tom Ryan, SCI’s CEO, made the following statements: “. . .earnings per share growth of 9 cents (to 47 cents total) or about 24% over last year. . .about half of this increase was. .  attributable to improved operating performance in our […]

Finance

Seeking Alpha article on SCI

Funeral Director Daily:  As we do from time to time, I have included an article that was put out yesterday by Kenny Robinson of Seeking Alpha on Service Corporation International.  The article, that you can read here, is an in-depth investment piece that I put out with no opinion other than to say it is a good article on the workings of SCI and also includes information on the death care industry in general.

Business Finance

SCI, Archdiocese of New Orleans Announce Plans

It was announced this week that Service Corporation International and the Archdiocese of New Orleans will collaborate on a plan to build a funeral home and cemetery on land owned by the Archdiocese in New Orleans.  You can read the press release from Globe News Wire here. The combination unit, which will also have mausoleum crypts and cremation niches, will be highlighted by an 8,500 square foot funeral home named Grace Funeral Home.  According to the press release, the cemetery […]