FUNERAL COMPANY REVENUES DON’T REFLECT 300K CV19 DEATHS

Dec. 17, 2020

Rob Lauer Political Reporter

The average funeral costs around $9,500, which includes viewings and burials, basic service fees, transporting remains to a funeral home, a casket, embalming, and other preparation. The average cost of a funeral with a cremation is $6,500. According the MSM, 300k Americans have died from CV19 since March of this year. If one takes the average cost of $8,000 for funeral services, that equals $2.4 Billion in additional revenue that funeral companies would have received this year.

Service Corporation International (SCI) is North America’s largest provider of funeral and cemetery services, with shares traded on the New York Stock Exchange under the symbol SCI.  The Company was founded in 1962 and is headquartered in Houston, Texas.  SCI currently owns and operates more than 1,900 funeral homes and cemeteries in 44 states, eight Canadian provinces, the District of Columbia and Puerto Rico.

Service Corp has seen an increase in their revenues for sure, but no where near the numbers 300K additional deaths would produce. Their revenue increase is in line with CDC CV19 deaths which are about 10% of the 300K MSM news numbers, about 30K deaths.

Even more telling, is that investors are not flocking to the stocks or the industry for that matter because the revenues to date do not reflect the MSM death counts.

Matthews International Corporation (NASDAQ: MATW) products include cast bronze memorials, mausoleums, granite memorials, architectural plaques, and caskets made of metal, wood, and other materials.

One would think a the nation’s largest manufacturer of caskets and headstones would see a huge leap in revenues this year, but Mathews’ revenues are actually down year over year by -2.54%. 

Matthews’ stock price is a disaster this year as well.

Carriage Services (NYSE: CSV) operates in the United States. The company sells funeral home and cemetery services. 

Carriage Services’ annual revenues in 2019 were $274 million. To date, 2020 revenues are at $239 million.

But some companies are reporting their revenues are down because CV19 has limited their face to face opportunities to up sell additional funeral perks like flowers and fancy head stones. But clearly 300K additional deaths would have added significant revenues across the industry which their quarterly reports and stock prices are not reflecting so far to date this year.

Average yearly deaths also do not reflect the CV19 death surge the MSM has reported non-stop. Yes there are people dying from Cv19, but the numbers seem to reflect CDC numbers instead of the exaggerated numbers that hospitals and politicians are crediting to CV19 whcih turns out to be just normal deaths like heart attacks, strokes and pneumonia and even to car accidents in several reported cases. The federal government’s reimbursements for CV19 patients to hospitals ($98K per Cv19 patient for Nevada) and to state CARES Act funding may be playing a part in the exaggerated numbers. And politicians are using the CV19 exaggerated numbers to justify their power grab, as some folks are alleging.

On Wall Street, money talks and bullsh#t walks. If investors thought funeral homes were making a killing from CV19 deaths, and believed the news reports of Cv19 death spikes, their stocks would be soaring. The markets just aren’t buying it.