Author Archives: Stephen Percoco

StoneMor’s Unit Price Plummets as it Files its Delayed 10-K

Since peaking at $32.01 in July 2015, the MLP units of StoneMor Partners LP (STON) have lost nearly 90% of their value.  The steepest part of the decline began in October 2016, just before STON cut its quarterly distribution in … Continue reading

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Bed Bath But Not Beyond Hope

BBBY has lost 70% of its value over the past three years. Profits are down sharply mostly because of price competition. Store comparable net sales have been falling mid-single digits, offset by growth in online/mobile sales and other areas. Management … Continue reading

Posted in BBBY, Consumer Discretionary | Tagged | 1 Comment

Arch Coal (ARCH) 18Q1 Update

2018 First Quarter Results. On April 26, Arch Coal reported disappointing 2018 first quarter results. Adjusted EPS for the quarter was $2.95, up from $2.82 last year, but behind the consensus forecast of $4.22.  Revenues declined 4.3% to $575.3 million, … Continue reading

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An Update on Senior Housing Properties Trust (SNH)

Pressure from Declining Occupancy; But SNH Has Sufficient Financial Flexibility to Cope for Next Two Years or More.

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Consolidated Water 18Q1 Update

CWCO reported first quarter net earnings attributable to stockholders $2.1 million or $0.14 cents per diluted share.  That compares with 17Q1 net income of $2.6 million or $0.18 per diluted share.  Revenues declined 2.2% to $15.7 million.

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18Q1 Housing Update

The rate of growth in housing production decelerated modestly in 18Q1, but growth in new home sales remained solid. In 18Q1 conference calls, builders said that the housing market remains strong, with gains in jobs and wages and limited inventories … Continue reading

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General Electric First Quarter Results

GAAP loss of $1.18 billion or $0.14 per share vs. a 17Q1 loss of $0.12 billion or $0.01 per share. This quarter’s loss included a $1.55 billion ($0.17 per share) charge representing the estimated cost of settling potential FIRREA charges … Continue reading

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Update on General Electric (GE)

On Friday (4/13), General Electric (GE) filed an 8-K that quantified the impact of adopting new accounting standards (and certain voluntary changes in accounting policies) on its previously reported results for 2016 and 2017.  In total, these changes reduce previously … Continue reading

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BXG 2017 Fourth Quarter Update

On March 6, Bluegreen Vacations (BXG) reported 2017 fourth quarter net earnings attributable to shareholders of $66.5 million or $0.93 per diluted share, compared with $25.6 million or $0.36 per share in the prior year quarter.

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A Possible Early Sign of a Market Rebound

Last week, stocks fell sharply. The S&P 500 ended the week down 5.16% in price. The Lark Research Homebuilder Stock Price Index fell 6.02%, underperforming the broader market.

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