Industry & Services >> Analyst Interviews >> August 10, 2009
Thomas A. Parmalee is the Executive Editor of Funeral Service Insider, the
leading newsletter in the country for funeral service professionals. Funeral
Service Insider regularly covers publicly traded death-care firms as well as
trends that affect funeral service. Mr. Parmalee formerly worked on the
financial headline desk of Bloomberg News, analyzing earnings reports and news
releases. In his spare time, he freelances for select clients. Profile
Dan Isard was originally a Financial Planner specializing in building financial
planning practices. In 1984 he moved to Phoenix to join a successful financial
planning practice and help them grow their firm. Since 1984 Mr. Isard has
appraised almost 2,000 funeral homes and about 500 cemeteries. He has also
appraised many funeral and cemetery businesses that owned crematories. Mr. Isard
has been an expert witness for more than 75 legal matters over the past 20
years. Since 1985 he has been involved in representing buyers or sellers of
funeral homes and cemeteries for transactions totaling about a half a billion
dollars in purchase price. While some of these sales went to key people,
existing employees of the business, co-stockholders, competitors and family
transactions, many were with the regional and national acquirers. Profile
A.J. Daoud has been President of Daoud Holding/American Funeral Partners in
Pilot Mountain, N.C., since 1999. He served as a Regional Vice President at the
Osiris Group and the Loewen Group for 12 years. Mr. Daoud was also a police
officer in Miami Beach, Fla., for 11 years. He has an MBA from the University of
Phoenix as well as a bachelor's degree in business and an associate's degree in
funeral service. Profile
TWST: Would you start by painting a portrait of today's typical funeral home in the United States?
Mr. Isard: The average funeral home services about 116 families a year. A
service in