It’s been almost 100 years since Franklin D. Roosevelt signed the Social Security Bill into law in 1935. And, contrary to what most people believe, there was a “Lump Sum Death Benefit” (LSDB) applied to that bill that took effect at that time. However, the original LSDB […] Read More
We recently learned of an interesting sale/acquisition story that happened recently in Illinois. This article from the Mendota Reporter will tell you of the sale of the Merritt Funeral Home to the Unger-Horner Funeral Home. It’s interesting to note, according to the article, that the Merritt Funeral […] Read More
If you ask my opinion, American borrowers have been somewhat spoiled by the low interest rates that we had had for almost the last ten years. This article will tell you that from 2015 until into 2022 we never had Prime lending rates higher than 5.5% — and […] Read More
I’ve know for some time that we are living in an “Experience” economy. Yes, even while we need to spend a larger portion of our dollars on necessities because of the inflation of the past years. . . . .the “Experience” economy has continued to thrive. […] Read More
Last week we noticed in this short announcement from Market Screener that Houston-based Service Corporation International (SCI) had acquired the Porter Loring Mortuaries based in San Antonio, Texas. It appears that the Porter Loring Companies operated three funeral homes in the San Antonio, Texas, market. According to […] Read More
The last time we mentioned the upstart preneed company Prelude in Funeral Director Daily was this article back in March 2024 when we first heard of them. We mentioned that we didn’t know much about them but from their LinkedIn references and website it appeared that they were in […] Read More
Fifty years ago services were almost all traditional casketed funerals with earth burials. Then, for the next 50 years cremation choice by the consumer started building until we now have an approximate 60% cremation rate of disposition across the United States. So, what is next? Consumers have […] Read More
In early September the National Funeral Directors Association (NFDA) joined with hundreds of other groups to delay implementation of the Corporate Transparency Act (CTA) which is set to be implemented on January 1, 2025. According to Google artificial intelligence (AI), “The Corporate Transparency Act (CTA) went into effect on […] Read More
I know a lot of people in funeral service. And, I might make a wager and say that most of those that I know are humble and enjoy helping their community and the world in which we live. Many of those people, when they look in the mirror, see […] Read More
Propel Funeral Partners (PNP) which I believe is the 2nd largest Death Care provider in Australia and New Zealand and the largest “publicly traded” Death Care company in those countries reported their year-end results in late August. Propel’s fiscal year covers the time period of July 1, […] Read More
Funeral Director Daily recently learned through this late August article in The Times (of London) that Dignity Funerals of Great Britain recently “has moved to reduce its debts after warning of “material uncertainties” over its ability to continue as a going concern, just over a year after it was […] Read More
According to this press release it appears that one of the reasons that the Johnson-Romito Funeral Homes chose Busch Cremation, Burial, and Pre-Planning as their successor firm is the funeral homes’ common values and membership in the Order of the Golden Rule funeral home membership organization. Both […] Read More
Last week we learned of an August 1, 2024, event which required the filing of a Securities and Exchange (SEC) Form 13G. That event was the acquisition of more than 5.0% of the common stock of Carriage Services by an entity. As you can see from this form, […] Read More
Funeral Director Daily operator Tom Anderson had the privilige to be a guest on the podcast “Two Guys and a Question” recently. You can listen to the recent episode where Anderson shares many of his viewpoints, including what he believes is the burgeoning “Cremation After market” potential. Click […] Read More
There is no doubt that there is a trend of greater mobility to preferred residential locales for retired citizens and we also know that the choice of cremation services, especially direct cremation with no services, over earth burials causes loss of margin for traditional funeral homes. This article […] Read More
