Category Archives: STON
StoneMor Partners, L.P. has passed a few milestones since my previous update in late September. These accomplishments have advanced its turnaround, but more is needed including a significant rebound in its profitability before the effort can be declared a success.
This week, StoneMor Partners, L.P. (STON) announced that it has set a record date of September 26, 2019 for its upcoming rights offering. Soon thereafter, once the SEC declares the registration statement to be effective, the partnership will mail a … Continue reading
A change in auditors is a likely precursor to a catch-up in StoneMor’s financial statement filings. Continue reading
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
StoneMor Partners, L.P. (STON) is the second largest owner/operator of cemeteries and funeral homes in the United States. The company controls 307 cemeteries in 27 states and Puerto Rico. Of those, 276 are owned and 31 are operated under contract. … Continue reading