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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…
Read MoreWhere 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…
Read MoreIn our afternoon update for today in the world of Death Care we bring you artcles that include StoneMor, Inc.’s decision to reject an offer from Axar Capital to purchase all of the outstanding shares of StoneMor and take the company private. Funeral Director Daily had earlier reported on this potential development in May in…
Read MoreStoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week. These results cover the period from January 1 to March 31, 2020. You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto…
Read MoreWe 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…
Read MoreLast 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…
Read MoreThis Funeral Director Daily article will not do enough justice to the funeral director/mortician profession but it is an attempt to show how those in our profession are going well out of their way to help other funeral directors in need and to help humanity as a whole. In New York City there are only…
Read MoreMost people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”. The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America. The death care…
Read MoreSecurity National Financial Corporation (SNFC), the Utah public company that is partly rooted in the preneed funeral insurance and mortuary/cemetery business, recently reported its 2019 year end financial results. You can read the company’s press release on the results here. The results do say, “For the twelve months ended December 31, 2019, SNFC’s after-tax earnings…
Read MoreOn April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results. StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year…
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