StoneMor Partners
Earlier today Seeking Alpha News Editor Yoel Minkoff put out a short piece entitled, “Tough times for U.S. funeral homes“. Oppenheimer securities analyst Scott Schneeberger is quoted in the article. You can access the short article here. [wpforms id=”436″ title=”true” description=”true”]
Read MoreAs we have done on several other Fridays, we thought we would just send your way a few articles that we thought might be of interest without any commentary and let you decide if you want to learn more about the items featured. Here is an article on an Ohio cemetery owned by StoneMor Partners…
Read MoreI will preface this article to say that it is being written on Friday, January 10. Because of that all prices quoted come from the end of the day on Thursday, January 9. I will also say I am not a stock security analyst and all opinions are mine alone. Finally, I do own stock…
Read MoreLast week public funeral home operating company Carriage Services was really in the news. They not only announced the acquisitions of the Fairfax Memorial Park and Funeral Home in the Washington, DC area, but they announced the purchase from StoneMor Partners of the funeral home/cemetery combination facility Oakmont Memorial Funeral Home and Cemetery in Northern…
Read MoreWe said almost two years ago that the best way for funeral home and cemetery operator StoneMor Partners L.P. to right their ship was to divest themselves of some properties and use the cash proceeds to pay down debt so that they can get to a position where they are operating in a financial positive…
Read MoreThis afternoon we will bring you a couple of items that recently appeared in print publications about public companies in the death care business. From the Philadelphia Business Journal we bring you this article on StoneMor Partners. It is entitled, “StoneMor slims down executive ranks, plans divestitures for bid for profitability”. We believe it is a…
Read MoreStoneMor Partners L.P. reported their 3rd Quarter and 9-month 2019 numbers last week and with it showed significant progress in their attempt at a transformational turnaround of the company. In brief, StoneMor reported that revenues are stabilizing, that they are cutting recurring expenses, and that they have made progress on a divestiture process that will,…
Read MoreAccording to this article and also verified on E-Trade, Axar Capital Management L.P. purchased 3,925,660 shares of StoneMor Partners L.P. stock on Wednesday, October 30, at an average share price of $1.00 per share. That share price indicated the 52-week low for the stock which had traded as high as $5.01 just over a…
Read MoreFuneral Director Daily tracks its proprietary Death Care Index or DCI periodically. The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession. They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in…
Read MoreStoneMor Partners, L.P. issued a press release the other day expressing some of the movements they are making as they execute their self-termed “turnaround” of the company. As you may know, StoneMor Partners operates 321 cemeteries and 90 funeral homes and has incurred several consecutive quarters of losses in their operation. You can read their…
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