Service Corporation International

Afternoon edition: Seeking Alpha opines on Service Corp post report. . . .other news

By Funeral Director Daily / August 4, 2020 /

In today’s afternoon edition we bring you a Seeking Alpha article from BOOX Research that opines on and goes into the details on why it says Service Corporation International “has a positive long-term outlook supported by its market leadership position and solid fundamentals.” We also bring you information on an Iowa funeral home celebrating its…

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Afternoon edition: StoneMor receives 2nd offer to take it private. . . .and more news from the death care universe

By Funeral Director Daily / August 3, 2020 /

StoneMor, Inc.,  the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private.  If you remember, earlier this year, Axar Capital Management offered the company $0.67 per…

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Into earnings season. . . what can we expect?

By Funeral Director Daily / July 13, 2020 /

We’ve now moved into the 3rd Quarter of 2020 and, needless to say, it has been a different year.  I recently read an article from Barrons.com that put the year into perspective and also asked famed stock prognosticator Mario Gabelli to comment on where we are going from here.  Gabelli is the Founder, Chairman, and…

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Green, Dodds to lead Park Lawn into the future

By Funeral Director Daily / June 24, 2020 /

In a press release from the company that you can read here, Park Lawn Corporation announced Monday that Interim CEO J. Bradley Green would have the interim tag removed and has been named Chief Executive Officer of the Toronto based death care company.  In the same announcement, Park Lawn’s Board of Directors announced that Jay…

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Investors still reluctant with death care stocks

By Funeral Director Daily / June 22, 2020 /

I happened to see that at the close of the markets Friday that funeral home and cemetery operator and consolidator Park Lawn Corporation’s stock closed down over 9% from the previous day.  I looked for news on the company but could not find anything in the public world that would cause a precipitous drop in…

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Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions

By Funeral Director Daily / June 19, 2020 /

Where were you when you first realized that the coronavirus may be something serious and you changed your course of habits to manage your lifestyle more safely?  Angie and I were on a scheduled flight out of Honolulu returning to Minneapolis on February 1, the day after President Trump had instituted the flight ban from…

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Carriage Services reports First Quarter 2020

By Funeral Director Daily / May 26, 2020 /

A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends.  It is interesting to note that their First Quarter report that you can access here is titled,…

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Investors seem wary of death care stocks

By Funeral Director Daily / May 18, 2020 /

We last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3.  As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…

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Inside the numbers with SCI

By Funeral Director Daily / May 7, 2020 /

Last week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results.  We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we…

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SCI reports 1Q 2020. . . news on Carriage Services, Matthews

By Funeral Director Daily / April 30, 2020 /

Yesterday funeral home and cemetery public company Service Corporation International (SCI) reported their financial results for the 1st Quarter of 2020.  The results were much anticipated because they are the first quarter where the “no large gatherings” rule had come into effect in funeral service.  To be candid, however, those rules only came into effect…

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