Tag: StoneMor Partners

Assurant Performance Holds Back Death Care Index
Finance

Assurant Performance Holds Back Death Care Index

Friday marked the stock market’s first “quadruple witching day” of 2018 so we thought it might be a good time to look at the performance of the death care industry stocks and how they performed in the first 2 1/2 months of the 2018 market.  Funeral Director Daily’s Death Care Index or DCI is a compilation of eight public companies in North America and represents the total stock price if you held one share of each stock – it is […]

StoneMor Shakes up Executive Suites
Finance

StoneMor Shakes up Executive Suites

On Friday StoneMor Partners issued a press release that you can read here.  In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer.  According to the release, Pound is an experienced executive with a focus on increasing customer and shareholder value. StoneMor also announced in the same release that death care industry executive Jim […]

Wiggins De Oliveira Opines on StoneMor Partners
Finance

Wiggins De Oliveira Opines on StoneMor Partners

  I get a lot of feedback on Funeral Director Daily and I understand people follow the site for many reasons.  One of the most common things I hear is that readers enjoy updates on what the public companies in the death care industry are doing. So, I’ve decided that when I find an article – whether an opinion article or a factual article – that I believe many readers would like to read, I will just post it on […]

Targeted Death Care Stocks Move the Market Last Friday
Finance

Targeted Death Care Stocks Move the Market Last Friday

Death care stocks, StoneMor Partners and Carriage Services, both components of the Funeral Director Daily Death Care Index (DCI), had postive movements last Friday which lifted their companies stock price and market capitalization. Carriage Services reported Year End earnings for 2017  last week and we at Funeral Director Daily commented that the company “keeps chugging along and making money, sometimes in spite of themselves.”  We also mentioned, that while they have challenges, they appeared to increase their same store sales […]

Looking from the Outside In
Business

Looking from the Outside In

Sometimes when you really need to know about your business, you should listen to somebody from the outside.  They see that perspective from another view — and many times it is the view that Mr. Outside can see that Mr. Inside has overlooked. So, today, I have found two articles from the people on the outside — people who follow the stock market — and their perspective on the funeral industry that we maybe don’t always see. First, here is […]

StoneMor Partners Reports 3rd Qtr 2017
Finance

StoneMor Partners Reports 3rd Qtr 2017

We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission.  They have been working hard and on January 26, 2018, the company released its 3rd Quarter report – which gets the company up to date, as of the end of their 3rd quarter end of September 30, […]

Death Care Index Finishes 2017 Flat
Finance

Death Care Index Finishes 2017 Flat

In a year when the stock market has been tremendously rewarding to those that were invested in it, the Funeral Director Daily Death Care Index (DCI) of public companies in the industry did not fare near as well.  For the year from January 1, 2017 thru December 31, 2017, if you were invested in the S & P 500 Index you earned a return over 19%, if you were invested in the Dow Jones Industrials you earned a return of […]

StoneMor 2nd Quarter Results. . .Company Drops Distribution
Finance

StoneMor 2nd Quarter Results. . .Company Drops Distribution

StoneMor Partners, based in Trevose, Pennsylvania, issued their 2nd Quarter 2017 financials and report on December 12.  We bring them to you today.  You can see their press release on the results here. Here are some of their highlights: Revenues for the quarter were $86 million which represents a $7.0 million increase from the same period one year ago.  For the first six months of 2017 revenues were $168.9 million which is an $11.7 million increase over the same period. […]

Stonemor Partners Reports 2017 First Quarter
Finance

Stonemor Partners Reports 2017 First Quarter

Last Friday, October 27, StoneMor Partners L.P., finally reported its earnings from the 1st Quarter of 2017 which ended on March 31, 2017.  As reported earlier the Partnership is continuing to work on its delayed filing of periodic reports with the SEC.  You can read the full report of last Friday from StoneMor here. Here are some things that we picked up from reading this report: Revenues were up almost $5 million over the same period in 2016. Revenues were […]

StoneMor Amends Credit, Hints at Dividend Cut, Reduction of Units
Business Cemetery Finance

StoneMor Amends Credit, Hints at Dividend Cut, Reduction of Units

StoneMor Parnters, LP, a publicly traded death care company that owns and operates both funeral homes and cemeteries announced in a        press release on Friday, October 6, 2017, that they will be amending their secured credit facility.  You can read about the modifications here. In reading the entire release, the Chairman of the Board, Robert B. Hellman, Jr. was quoted, “The decision to reduce our cash distribution for the second quarter is a difficult but necessary decision. […]