Looks like business is down everywhere - people can't even afford to die...
Richard Blackwell
Globe and Mail Update, Tuesday, Jun. 09, 2009 07:21AM EDT
The funeral industry – once considered the safest of investor havens in a recession – is having a tough time across North America, but not because people are spending less to bury their loved ones.
Put simply, fewer people are dying, a phenomenon that is puzzling executives in the business and denting the bottom line of public companies that own funeral homes and cemeteries. While death rates have been declining over time, it is the sharp and sudden drop in the first quarter that is the mystery.
more: http://www.theglobeandmail.com/globe...rticle1173949/
Richard Blackwell
Globe and Mail Update, Tuesday, Jun. 09, 2009 07:21AM EDT
The funeral industry – once considered the safest of investor havens in a recession – is having a tough time across North America, but not because people are spending less to bury their loved ones.
Put simply, fewer people are dying, a phenomenon that is puzzling executives in the business and denting the bottom line of public companies that own funeral homes and cemeteries. While death rates have been declining over time, it is the sharp and sudden drop in the first quarter that is the mystery.
more: http://www.theglobeandmail.com/globe...rticle1173949/
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