There are skeptics , naysayers on Funeral and Cemetery Scandal. I have been hearing from folks who are victims of the grave desecrations at Burr Oak Cemetery But I am also hearing from people who just cannot believe that such scandals can occur.
I have had contact with many folks who have had problems(moved loved ones graves) AT EDEN MEMORIAL PARK-and at Burr Oak Cemetery.
Therea re folks who believe Funeral annd cemetery Scandal does not exist
The Two companies involved here are Perpetua, Inc and Service Corporation International-NYSE:SCI.
Funeral Scandals need to be reported in order to save you money
Funeral scandals need to be reported because it helps the consumer come in under the average cost of a funeral.It also makes the consumer aware of ways they can keep funeral directors honest. Researching funeral scandal is quite a boring task . The bottom line is funeral scandals are good for you if are not a victim.
Service Corporation has had an extraordinary amount of scandals this year. There are excellent SCI Funeral Directors out there. Some are my friends. Reports in the press and other places indicate a corporate cultural problem at SCI. It may be in the core culture of SCI Management.
The problem some believe goes to the outdated business model as reflected in recent numbers. The problems need to continue to be reported and brought to public and funeral directors attention.
It will be a great day when the company corrects the problem or funeral directors through self or State Regulators make the corrections needed.
The Illinois funeral Directors Association Preneed Ponzi scheme (IFDA) and the National Prearranged Services fraud have been blogged about because reporting on preneed scandals makes folks aware of the perils of preneed. It helps people lower their
Dont throw your Money down the grave-Avoid funeral scandal.
funeral costs and come in under the average cost of a funeral.
For these reasons, it is best to make folks aware of reports in the press.
#1 Funeral Corporation in the world mishandles the dead again | Avoid this logo
The World’s Largest Funeral Corporation has been caught mistreating the dead, AGAIN. This time NYSE:SCI did not have the person in the right grave. The family had been grieving at the marked grave site. Only problem the family’s loved one was not there in the grave.This all happened at Dade Memorial Park, near Miami and reported at palmbeachpost.com
Snippet:
“Friday, May 22, 2009
For years, they visited the wrong grave and didn’t know.
The family of Jose Herrera Sr. traveled from their Lake Worth home to Miami often, carrying small Cuban flags and Yankee memorabilia to leave for him in Dade Memorial Park.
They prayed to him and cried to him and when his wife, Rosa, died two years ago, they promised to bury her next to him.
That’s when, the family says, park officials told them they didn’t know where Herrera’s body was.
“It was just a disgusting feeling knowing he wasn’t there,” said his granddaughter, Alicia Herrera. “To this day we don’t know if there was someone else there.”
This is all part of a pattern of Service Corporation International mistreating the dead in 2009.
#1 Funeral Corporation in the world is spinning it's 1Q numbers as in WALL STREET CRASH
The Worlds Largest Funeral Corporation is spinning it’s numbers like a Wall Street Crash. Service Corporation International’s latest financial numbers were more than dismal, they were a total disaster.
SCI First quarter numbers are more than disturbing, they may point to a shaky future for the funeral business. NYSE:SCI number summary:
Quick REVIEW: Losses in 10′s of millions the first quarter 2009.
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” Details GuruFocus.com
More Specific information is available on the SCI financial conditions can be found at: Entrepeneur
SCI in spinning their numbers in a May 7th, 2009 call to their investors, executives made some startling statements. THE SAME PHRASES the banks , and the Governments used during the Fall 2008 wall street crash and bailout are being used.
World's Largest Funeral and Cemetery Corporation's Financials Paint disaster
WE HAVE NEVER SEEN ANYTHING LIKE IT
“Our comparable revenues for the quarter were down over $41 million and over 10%. This was primarily from a comparable volume decline of 11.2% or almost 8,600 calls. Now, again, we’ve never experienced anything like it”page 2-Service Corporation International Q1 2009 Earnings Call Transcript
“We’ve never experienced anything like it” was the rallying cry from the banks and the government last fall in bringing a 700 billion dollar bailout- THAT DID NOT WORK.
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 Revenuewas 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.
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
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