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The funeral business is booming. And not because of Covid. How bad is the rise in mortality? So bad funeral companies are starting to worry.

Posted by freedomforall 2 years ago to Politics
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Excerpt:
"The funeral business is booming. And not because of Covid
ALEX BERENSON
NOV 2
How bad is the rise in mortality?

So bad funeral companies are starting to worry.

Today Service Corporation International, the largest for-profit funeral operator in North America, had its quarterly earnings call. SCI had another great quarter, you’ll be pleased to hear! So far in 2022 the company has made almost $500 million in profits - and its stock rose more than 10 percent today after its earnings report.

(Death is your best investment!)




SCI’s management seems fairly open with investors. For many years, much of the company’s growth came from buying family-run funeral homes as their operators, umm, died out. The underlying funeral business is slow growth and very predictable.

At least it used to be.

As Thomas L. Ryan, Service Corporation’s chairman and chief executive, told investors Wednesday morning:

If you go back in this industry and particularly with SCI, year-to-year you would see the numbers of deaths -- probably in one year you may be down 1% or 2%, in the next year you're up 1% or 2% which you could predict was pretty good accuracy over a year and over a big footprint like ours what was probably going to happen… 2020 comes along, Covid, game-changer, right. We're having to do at one point of time 20 percent more funerals which is unheard of in a year versus, let's say, a year or two before.

So Service Corporation expected that once Covid passed, its business would go back to normal…

What we would have expected is, why wouldn't we go back towards, let's say, a 2019 level, maybe you get a percent or so growth of 2019, I would expect that. So that would be a reasonable level that we think would stabilize. And that's kind of what we anticipated...

Only that’s not what has happened.

What we're telling you is, the third quarter of this year, we did 15% more calls than we did in the third quarter of 2019. That is not what anybody would have anticipated and that has just a very de minimis amount of Covid deaths."

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So Will The GOP controlled CON-gress investigate the vaxx caused mortality increase, or will they continue to be an agent against the People?

LAST CHANCE, GOP.
You Fail the People? YOU DIE AS PAINFULLY AS POSSIBLE.
SOURCE URL: https://alexberenson.substack.com/p/the-funeral-business-is-booming-and/comments


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  • Posted by $ Abaco 2 years ago
    Good call. Just nabbed a little CSI for my portfolio. Hope it does as well as my vaccine stocks have…Oh, for what it’s worth INFU had been fairly good. Probably to all those shut off t-cells
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  • Posted by $ Stormi 2 years ago
    Is it covid, or is it the vax? They now call it "sudden adult death syndrome." Look at the number of people dying in their 40s in the past year, this all follows what the German study on the vax, erasing the immune system, causing blood clots, increased cancer rates and heart damage with each booster, they knew. The life insurance industry sounded an alarm months ago. This is depopulation at work.
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