The Federal Trade Commission has approved a proposal by the largest U.S. funeral services provider, Service Corporation International, to sell 23 funeral homes, cemeteries, and combined funeral home-cemeteries in order to resolve competition concerns raised by SCI’s acquisition of Keystone North America, Inc. Under SCI’s proposal, which was approved by the FTC following a public comment period, [...]
Posts Tagged ‘corporate funeral home’
30 Jun
StoneMor Announces Acquisition of 8 Cemeteries and 5 Funeral Homes
StoneMor Partners L.P. today announced that it had acquired five cemeteries and five funeral homes in Indiana, two cemeteries in Ohio and one cemetery in Michigan. The cemeteries and funeral homes were purchased out of state court-appointed receiverships in Indiana and Michigan. StoneMor’s investment in this transaction, including advances to fund trust shortfalls, totaled approximately [...]
3 Jun
Stock Analyst Company Says Investment in Funeral Corporation is “Dicey Proposition”
Morningstar is initiating credit coverage of Stewart Enterprises STEI with an issuer rating of BB. We think a combination of high leverage, negative long-term secular trends, and investment risk makes the firm’s debt a dicey proposition. Secular trends limit opportunities for growth in the death-care industry. First, medical advances are extending life spans. As a result, [...]
21 Apr
The Holy Fire: Cremation: A Practice in Need of Ritual
“When I’m gone just cremate me,” Hughey MacSwiggan told his third and final wife as she stood at his bedside while the hospice nurse fiddled with the morphine drip that hadn’t kept his pain at bay. The operative word in his directive was just. He wasn’t especially fond of fire. He hadn’t picked out a [...]
4 Dec
Jim Cramer of CNBC Show “Mad Money” Says No to SCI Stock
Tuesday Cramer received a rather macabre trading idea from one viewer: “In 2010, the estate tax will be completely eliminated. However in 2011, the estate tax will jump back up to 55%. With that much money on the line I am willing to bet that greed will be responsible for an abnormal number of deaths [...]
30 Nov
SCI Settles Antitrust Lawsuit Over Palm Mortuary Purchase
A Texas company has agreed to sell some of its Las Vegas funeral home operations to settle an antitrust lawsuit filed by the state over its purchase of Palm Mortuary Inc. Service Corporation International (SCI) will sell Davis Funeral Home and Memorial Park, 6200 South Eastern Ave. (Sunset Road), the Nevada Attorney General’s office said. [...]
23 Nov
Ex-FBI Agent Who Watched JFK Autopsy Reflects on Death
Jim Sibert has answered the questions for 46 years, ever since the night he observed the autopsy of President John F. Kennedy. Over the years, the former FBI special agent has been interviewed for books and calls and questions keep coming from teachers, authors and historians. Now, as another anniversary of the assassination arrives, Sibert, [...]
20 Nov
UK Casket Companies Encouraged to Increase Production Due to H1N1?
The funeral industry believes the number of coffins being made could be increased by 150 per cent were more Britons to fall victim to the pandemic. Most recent figures show there have been 142 deaths linked to the H1N1 virus in England, with an estimated 53,000 new cases in the past week week and 783 [...]
20 Nov
Tax Planning Before Year-End
As we enter the last quarter of 2009, your thoughts and energies should be directed and focused on implementing effective financial strategies that will carryover into the up-coming year and beyond. One very important component of financial strategizing is year-end tax planning. The key to effective tax planning is that it must be completed and [...]
8 Nov
Unbelievable Facts – Strange Deaths
Being in this industry we all have heard stories of very very strange deaths. Below is a list of very strange ways people have kicked the bucket. I am not sure about the creditability of all these encounters, but they are very strange and some even humorous. Straining to relieve constipation, George II fell off [...]
