stonemor
From my point of view, the new management and leadership team at StoneMor, Inc. has been executing with all the right decisions to get the Pennsylvania funeral home and cemetery based operator moving forward in a profitable direction. They have made tough decisions in contracting out cemetery labor, removing it from a direct employee relationship…
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We checked into Funeral Director Daily’s proprietary Death Care Index (DCI) after the markets closed on Monday, the last day of November. That check-in allowed us to take a look at the eight stocks that make up the DCI and see where they were individually and as a group and how that group compared to…
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A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor. Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and…
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We learned today that a rumored divesture of West Coast assets of StoneMor Inc. has indeed been negotiated and an asset purchase agreement has been signed. This press release from Globe Newswire indicates that StoneMor Inc. has sold all of their properties in Oregon and Washington to an entity known as Clearstone Memorial Partners, LLC. …
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Last week Vrishali Bagree of Zacks presented an article that appeared on Nasdaq.com. It was entitled “Rising demand keeps funeral industry going: Four stocks to watch”. You can read that article here. In essence the article tells that the Zacks Funeral Services industry is housed within the broader Zacks Consumer Staples sector. According to the…
Read MoreIn this public relations release from Globe Newswire you can read that Axar Capital Management has withdrawn its proposal to acquire all of the outstanding shares of StoneMor Inc. and take the company private. In the press release, StoneMor made this announcement by Stephen J. Negrotti, Chair of a special committee to evaluate the Axar…
Read MoreWhen Joe Redling was appointed CEO of StoneMor, Inc. the company was in fast decline, revenues were washing away, and losses were mounting. That was June of 2018, only two years ago, and now, although far from being in the clear and a profit machine, there is hope at the end of the tunnel. StoneMor,…
Read MoreStoneMor, Inc., the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private. If you remember, earlier this year, Axar Capital Management offered the company $0.67 per…
Read MoreWorld-wide financial services company Assurant announced yesterday a quarterly dividend in the amount of $0.63 which is the same amount that had previously been in place for preceding quarters. You can read of their announcement here. Assurant is one of the eight stocks that make up the Death Care Index (DCI). They pertain to the…
Read MoreIn a press release from the company that you can read here, Park Lawn Corporation announced Monday that Interim CEO J. Bradley Green would have the interim tag removed and has been named Chief Executive Officer of the Toronto based death care company. In the same announcement, Park Lawn’s Board of Directors announced that Jay…
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