Tag: Service Corporation International

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 […]

Finance

DCI rebounds. . . .Total return almost 7%

I was very fortunate as a youngster because I was schooled on investments and the market by my father.  Giving me, what is now termed “financial literacy”, is one of the greatest gifts I have ever received.  As a matter of fact, as a board member of a Big Ten institution, I have pushed our academic department, with the students’ blessing, to have a required course on Financial Literacy for all students during their Freshman year.  It has not been […]

Finance

Death Care Index still lags the market

We checked into Funeral Director Daily’s proprietary Death Care Index (DCI) after the markets closed on Monday, the last day of November.  That check-in allowed us to take a look at the eight stocks that make up the DCI and see where they were individually and as a group and how that group compared to the Dow Jones average, the S & P 500, and the technology based Nasdaq. And, while the Dow Jones counted November 2020 as its best […]

Business

Will we look back at 2020 as a “high water mark” for change in the funeral profession

The first thing I will comment on is that if you look at the image I have put on this article, it should come with a question mark at the end. If you have followed my writings for any length of time you know that I like to try to spot trends and then hypothesize on what those trends may mean in the future.  Sometimes trends show the future and sometimes they sputter out and become short term changes of […]

Afternoon Edition

Weekend edition: Wilbert Vault fire, Bukala retiring, SCI increases dividend and more

As we head into the weekend we thought we would catch you up with some information that is both of interest to our readers, but sometimes hard to catch as you are busy in your daily work and don’t have time to check out death care information as we do. . . . but that is our goal here — to bring you information in a click so that you don’t have to search for it. This article, with photos, […]

Finance

SCI’s Tom Ryan and others discuss SCI’s 3Q Earnings Report

Service Corporation International (SCI) sometimes takes shots from others in the industry simply because of their size.  Being the largest in any business category simply makes you an easy target. Being the largest also means you need great leadership to get on top and eventually stay there. SCI reported record revenues and earnings in the past quarter and, while that could be something to really crow about, at Funeral Director Daily we recognize SCI’s President Tom Ryan as one of […]

Finance

Service Corp 3Q revenue rockets up

Service Corporation International (SCI) 3rd Quarter 2020 revenue jumped almost 20% (19.37% actual) over the same period from 2019.  In a statement issued yesterday, October 28, here is what SCI’s President and CEO Tom Ryan said of the results: ” . . . the impact of COVID-19 has increased the number of funeral services performed as well as the number of burials in our cemeteries. As community restrictions lifted over the last few months, we have experienced unprecedented growth in […]

Finance

Earnings season on its way: Zacks on Service Corp

If you watched the stock market last week you would see that it bounced around a little bit.  That happens all the time dependent on world events and the business environment, but also four times per year we get in a period where public companies report the business results for the past three month period.  And, we are in that period right now. Funeral Director Daily will follow those reports as they come out and the first company to report […]

Cemetery

Which side of the issue are you on

I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”.  However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead, but a “place for the living” also. I point that out as, especially urban cemeteries, have become places to walk a dog, to hold yoga […]