TREVOSE, Pa., Dec. 31, 2019 -- StoneMor Partners L.P. (NYSE: STON) (“StoneMor” or the “Partnership”) and StoneMor GP, LLC ("GP") today announced the completion of the.
Axar Capital is a New York-based hedge fund launched in 2015 by Andrew Martin Axelrod. After graduating from Duke University where he earned a Bachelor of Science in Economics, he gained a fair amount of experience prior to launching his own fund. Mr. Axelrod was partner and co-head of North America for Mount Kellet Capital […]
Q4 2019 StoneMor Partners LP Earnings Call
StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, today announced it has entered into a multi-year Master Services Agreement (“MSA”) with Moon Landscaping (“Moon”) to develop, implement and provide all manner of property management and operational services at most of the funeral homes, cemeteries and other properties owned or managed by StoneMor. Under the terms of the MSA, Moon will hire all of StoneMor’s grounds and maintenance employees at the serviced locations and will perform all functions currently handled by those employees, including, but not limited to, landscaping, openings and closings, burials, installations, routine maintenance and janitorial services. As part of the MSA, Moon is leasing StoneMor’s landscaping and maintenance equipment for the duration of the agreement.
StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, today announced it has completed the previously announced sale of the assets of Olivet Memorial Park, Olivet Funeral and Cremation Services and Olivet Memorial Park and Crematory (“Olivet”) located in Colma, California, to Cypress Lawn Cemetery Association for a total net purchase price of $41.4 million – $24.3 million in cash, subject to certain additional adjustments, plus $17.1 million in assumption of lot takedown obligations. StoneMor previously announced that it had signed a separate definitive agreement to sell the assets of its remaining California locations to entities owned by John Yeatman and Guy Saxton for a total purchase price of $7.1 million in cash, subject to certain closing adjustments.
StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, today announced it has signed a definitive agreement to sell the assets of Olivet Memorial Park, Olivet Funeral and Cremation Services and Olivet Memorial Park and Crematory (“Olivet”) located in Colma, California, to Cypress Lawn Cemetery Association for a total purchase price of $42.1 million - $25 million in cash plus $17.1 million in assumption of lot takedown obligations, subject to certain adjustments and credits. Additionally, StoneMor announced that it has a signed separate definitive agreement to sell the assets of its remaining California locations to entities owned by John Yeatman and Guy Saxton for a total purchase price of $7.1 million in cash, subject to certain closing adjustments.
The move is part of a series of divestitures designed to help the company get back to profitability.
In this article we will take a look at whether hedge funds think StoneMor Inc. (NYSE:STON) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
TREVOSE, Pa., Dec. 20, 2019 -- StoneMor Partners L.P. (NYSE: STON) (“StoneMor” or the “Partnership”) a leading owner and operator of cemeteries and funeral homes, today.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of STONEMOR INC. New York, May 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of STONEMOR INC. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2019 fourth quarter and full year financial results on Thursday, April 2, 2020 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. StoneMor will also host a live webcast of this conference call.
The Company is in compliance with all other NYSE continued listing standard rules. The NYSE notification does not affect StoneMor’s business operations or its Securities and Exchange Commission reporting requirements, nor does it conflict with or cause an event of default under the Company’s indenture agreement.
Per the indenture governing its Senior Secured PIK Toggle Notes (“Senior Notes”), StoneMor will use all of the net proceeds from this sale to redeem a portion of its outstanding Senior Notes. The transaction is expected to close, subject to confirmatory due diligence and regulatory approvals, in early January 2020.
TREVOSE, Penn., March 11, 2020 -- StoneMor Inc. (NYSE: STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2019 fourth.
StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2020 first quarter financial results on Thursday, May 14, 2020 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. StoneMor will also host a live webcast of this conference call.
According to the Proposal, the $0.67 per share price represents a premium of approximately 17% to 50-day moving average share price as of the market close on May 22, 2020. Axar currently owns approximately 52% of the Company’s outstanding common stock.
TREVOSE, Pa., April 02, 2020 -- StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, today reported operating.
TREVOSE, Pa., May 14, 2020 -- StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, today reported operating.
The pandemic threatens to exacerbate a trend: More families are forgoing traditional funerals in favor of cremations, and they’re picking less-expensive options when they do opt for a burial.
If you own shares in StoneMor Inc. (NYSE:STON) then it's worth thinking about how it contributes to the volatility of...