Finance
U.S. District Judge Eduardo C. Robreno, of the Eastern District of Pennsylvania has dismissed a class action lawsuit against StoneMor Partners L.P. according to an article in the Delaware County Times. In this lawsuit, lead plaintiffs Judson Anderson was trying to show that investors were misled and/or materially harmed by statements StoneMor made between March…
Read MoreA net operating loss of $76.3 million was reported by global conglomerate Assurant yesterday. While two – Global Lifestyle and Global Preneed – of their three operating units posted profits, they were far outweighed by the losses in the Global Housing segment to produce the loss. The Global Housing unit loss of $110.3 million was…
Read MoreLast 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…
Read MoreService Corporation International announced their 3Q 2017 results on October 25. The company, based in Houston, Texas – much like Carriage Services – announced that the results were somewhat skewed by the hurricanes that happened during the quarter and affected some of their locations in Texas and Florida. In SCI’s case, they announced in their…
Read MoreFollowing the close of business yesterday Carriage Services announced their 3rd quarter results. After a short note that two of their large market areas, Florida and Texas, were affected greatly by Hurricanes Irma and Harvey – which they contend more than likely affected results. Here are some of the notes from the report, which can…
Read MoreAssurant, a global leader in insurance coverage, covering things as diverse as appliances, autos, mobile devices, electronics, and funeral plans announced today that it will acquire The Warranty Group, a portfolio company of TPG Capital and restructure into a new organization still know as Assurant. Assurant plans to spend about $2.5 billion in cash, stock,…
Read MoreOn Tuesday, September 26, 2017, Zacks Investment Research issued an upgrade on the stock of funeral industry public company Carriage Services. You can read about that upgrade and more about Carriage Services in that news release here. [wpforms id=”436″ title=”true” description=”true”]
Read MoreAssurant, a major player in the funeral pre-need insurance industry has estimated losses in its Global Housing segment due to Hurricanes Harvey and Irma. The company said in a statement, reported by MarketWatch, that it expects losses, net of reinsurance, for Hurricane Harvey in the Texas gulf to be in a range of up to…
Read MoreSeeking 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…
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