Question: Will there be a Funeral Industry Crash?

Funeral Biz Crash? Do the numbers from the World’s Largest Funeral Corporation paint this future for the Funeral Industry? It does appear to be so.

NYSE: SCI first quarter numbers are more than disturbing, they may point to a shaky future for the funeral business.

Overall Losses in 10’s of millions the first quarter 2009.

For the 1st quarter of 2009 losses were in the 10’s of millions.

Funeral Revenue was down 41.6 million compared to the 1st Quarter 2008

Cemetery Revenue was down 23.4 million compared to the 1st Quarter 2008

“As of March 31, 2009, we have net unrealized losses of $500.8 million in our preneed funeral and cemetery merchandise and service trusts, and net unrealized losses of $189.3 million in our cemetery perpetual care trusts.”-SCI report”

“See: Who Shot Funeral Preneed” a May 5th post at this site.

SCI Q1 2009 general losses here

SCI Q1 2009 preneed losses at this location

Is this an indication of a coming future earthquake in the funeral business? See the the post at this site:  April 23,2009  Coming funeral earthquake in the funeral business.

Since President Obama has become Banker in Chief, Investment Planner in Chief, Car Salesman in Chief, Why Shouldn’t he be Health Care Manager in Chief and Funeral Director in Chief?

If the Funeral Industry crashes will President Obama give a bailout? Probably not to Service Corporation International....Close ties to the Bush Administration.

How can one guy be so many chiefs?

Funeral Industry Blog by Your Funeral Guy-RBrianBurkhardt

Sources: Entrepeneur

GuruFocus.com

Technorati Tags: blog, business, funeral, funeral business, funeral director, funeral industry, nyse:sci, preneed, preneed funeral, SCI, service corporation international, Stats

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Tags: blog, business, funeral, funeral business, funeral director, funeral industry, nyse:sci, preneed, preneed funeral, SCI, service corporation international, Stats

This entry was posted on Monday, May 11th, 2009 at 9:03 am and is filed under Cemetery Preneed., Funeral preneed, SCI, Stats, blog, funeral, r brian burkhardt, your funeral guy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.