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Stock Market & Financial Investment News

News Breaks
December 11, 2012
15:35 EDTCSVCarriage Services acquires Cumby Family Funeral Service
Carriage Services has acquired Cumby Family Funeral Service, a funeral business with two rooftops in High Point and Archdale, NC. The former owners, James, Andrew and Michael, will all be staying on with the business.
News For CSV From The Last 14 Days
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May 21, 2015
07:11 EDTCSVCarriage Services approves share repurchase plan
Carriage Services has approved the repurchase of up to an aggregate of $25M of its common stock. Carriage CEO Melvin C. Payne stated, "We have concluded that allocation of our Free Cash Flow should also include repurchasing common shares when the price does not fully reflect the cash earning power and intrinsic value of our company, which we believe is currently the case. We are currently trading at a significant performance valuation discount to our sector peer group as to Adjusted EPS and normalized recurring Free Cash Flow."

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