Stewart Enterprises shows no profits in 2008. This is not a good sign for lower funeral cost. Odds are the second largest funeral corporation will raise your funeral cost in 2009.
“NEW ORLEANS, Dec. 19, 2008 (GLOBE NEWSWIRE) — Stewart Enterprises, Inc. (Nasdaq:STEI) reported today its results for the fourth quarter and fiscal year ended October 31, 2008.The Company reported a net loss from continuing operations for fiscal year 2008 of $3.7 million.”
If you use one of the Stewart Enterprises Funeral Homes in 2009 you most likely will encounter higher funeral costs and expenses. Remember most Corporate Funeral Homes still carry a family name.
It is extremely important that you ask “Is this a corporate funeral home?” when shopping for a funeral. Corporate funeral homes usually charge more for a Funeral. There are exceptions. Sometimes Family run Funeral Homes Charge more. There are also exceptions I have worked for low cost funeral homes as well as high cost funeral homes at Stewart Entrprises International. It is important to investigate closely when shopping for a funeral home.
Note: Stewart Enterprises gained some profits on the funeral side of their business but lossed on the cemetery side.
Losses were a direct result of (SCI) Service Corporation International (Largest Funeral Corporation) pulling their offer to purchase Stewart Enterprises. This was reported on October 9th 2oo8. At that time Stewart Enterprises stock plummeted.
The bottom line the scenario brings chaos to the Funeral Industry. It is already an industry that consumers are shaking down.
Blog by Your Funeral Guy.