Tag: stonemor

Checking in on the Death Care Index
Finance

Checking in on the Death Care Index

Part of what we try to do at Funeral Director Daily is to keep you updated on all things funeral service.  One of the ways we do that is by watching what is happening with the publicly held death care community stocks.  Here are the stocks that we check up on regularly and compute the Death Care Index or DCI by computing what would be the composite price of the group if you held one share of each. Security National […]

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: […]

Monday Round-Up
Business

Monday Round-Up

Funeral Director Daily found a lot of news over the weekend on the death care industry.  Instead of trying to pick a great article for our readers we thought that today we would just throw you the headlines of some interesting articles and let you you click to any you might be interested in reading about. Here is some of what we found: The Charles G. Parks Funeral Home in Petoskey, Michigan, was closed by regulators after they found unsanitary […]

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 […]

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 Slides in January
Finance

Death Care Index Slides in January

The Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain.  The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark of $296.15 coming into 2018. There is no doubt. after observing death care industry stocks for sometime, that they do not move as an industry, […]

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 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. […]

StoneMor Opinion from Seeking Alpha
Finance

StoneMor Opinion from Seeking Alpha

Seeking Alpha put out an article today written by The Growth Path Guru that questions StoneMor’s ability to increase sales and also tries to figure out where the cash for future distributions will come from.  It also suggests that StoneMor is being questioned by the SEC on some issues. Funeral Director Daily take:  I’ve said before I was a one-time stockholder in this company and it always seemed that they distributed more cash than they had in earnings.  Even I […]