Tag: StoneMor Partners

StoneMor Partners Continues Moving Forward
Finance

StoneMor Partners Continues Moving Forward

Last week cemetery and funeral home consolidator StoneMor Partners issued press releases regarding their company.  In essence the releases shared the following information: Release of Preliminary Unaudited 2017 Full Year Financials The appointment of a new CEO for the company, Mr. Joe Redling The establishment of a committee to look into the possibility of changing the company from a Master Limited Partnership to a “C” Corporation You can read the press release pertaining to the 2017 financials here.  Here are […]

Seeking Alpha Article on StoneMor Partners
Finance

Seeking Alpha Article on StoneMor Partners

I present you this article published yesterday from investor opinion site Seeking Alpha on the potential upside of StoneMor Partners.  It is a good read and, like most articles pertaining to the death care industry, there is something to take from it. Funeral Director Daily take:  I will tell you, however, as a 35 year industry veteran I don’t agree with some of the industry assumptions that the author uses.  I suggest that you read the article, but remember, it is […]

StoneMor Press Release Tells of Delay for Form 10-K
Finance

StoneMor Press Release Tells of Delay for Form 10-K

StoneMor Partners issued a press release last week that it will not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2017 by its due date of April 2, 2018.  They are seeking a waiver to extend the date by which the Form 10-K must be filed.  You can read the press release here. In the same release StoneMor also provided preliminary unaudited financial information for the 2017 year.  Here are some of the highlights: […]

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 […]