Hillenbrand Inc NYSE:HI, parent company of Batesville Casket Company is telling the World The Traditional US Funeral Business is in Decline. They have sent Four Signals to the world recently.
1).2009 Year end Financial report- Revenue Loss. 2.) Purchase of Rights to Burial Vaults 3.) Major purchase of non Funeral Manufacturer K-Tron 4.) Entry into the online obituary and memorials Market with ObitLink.
It seems that the burial vault purchase, the large non funeral industry corporate purchase, and the entry into the online memorial obituary business all follow from the 2009 revenue Loss.
The significance here is that the leading casket maker in the world(NYSE:HI) has for the first time gone outside the casket sale and outside the funeral industry to increase revenue. This is a sure indication of the Funeral Industry as we know it’s decline.
The Four signals sent.
1).2009 Year end Financial report- Revenue Loss.
2.) Purchase of Rights to Burial Vaults
3.) Major purchase of non Funeral Manufacturer K-Tron
4.) Entry into the online obituary and memorials Market
Funeral Industry|Funeral News|Funeral blog by Your Funeral Guy-Funeral Director, Illinois an Virginia.
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