StoneMor Inc (STON) News

Been watching..answer me this
Why did the stock go from 30 a couple years ago down to two? or....what is the accepted reason?

STON...$2.63...Looking for $3.05 range resistance Breakout...imo...we shall see...Added here...

Chart...https://schrts.co/aVRCBjjs ...

We may be seeing a buyout very soon.

StoneMor receives letter from Axar Capital Management inviting discussions regarding strategic alternatives
8:48 AM ET 9/27/21 | Briefing.com
StoneMor announced today that its board of directors has received a letter, dated September 22, from Axar Capital Management in which Axar expressed an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the company and its various stakeholders.Axar currently owns approximately 75% of the company's outstanding common stock. Axar has engaged Schulte Roth & Zabel as its legal advisor and stated in the letter that it would engage a financial advisor at the appropriate time. According to the letter, Axar expects that any such discussions would be conducted with a special committee of the Board, assisted by financial and legal advisors it engages.

STON...$2.49s clearing here...:party:
[11:22 AM]
georgie18 — 04/22/2021
STON...$2.25...Cup N Handle Continuation Pattern forming a Handle with confirmation on the Break/Hold of $3.70 range...imo...we shall see... :party:

STON...$2.25...Cup N Handle Continuation Pattern forming a Handle with confirmation on the Break/Hold of $3.70 range...imo...we shall see...

Chart...https://schrts.co/EvIihMWG ...

Latest Insider Trading | Top Insider Trading Recent Week | Top 10% Owner Trading Recent Week Filter
Buy Transactions

Ticker Owner Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4
STON Axelrod Andrew Director Apr 14 Buy 2.20 5,522,732 12,150,010 88,633,045 Apr 15 04:58 PM

* * $STON Video Chart 03-22-2021 * *

Link to Video - click here to watch the technical chart video

StoneMor Inc. Announces Compliance With NYSE Listing Standards
https://finance.yahoo.com/news/stonemor-inc-announces-compliance-nyse-215800604.html
https://www.sec.gov/Archives/edgar/data/1753886/000156459020058269/ston-8k_20201223.htm

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This stock is worth $1.58 a share or more as I see it.

Potential buyout canidate

Very interesting $

Why isnt Stoned Mor burying victims instead of NYC putting them in trenches?

ahahahahahaha one would think with all of the CV19 deaths taking place STON would be raking in the dough

Don't get buried here.

5 year chart is a TOMB STON.

$STON has $34.87M in CASH!

#COVID19 $STON StoneMor Inc. owns and operates cemeteries and funeral homes in the United States. The company operates in two segments, Cemetery Operations and Funeral Home Operations. The Cemetery Operations segment provides cemetery property interment rights, such as burial lots, lawn and mausoleum crypts, and cremation niches; cemetery merchandise comprising burial vaults, caskets, grave markers, and memorials; and cemetery services, which include opening and closing, cremation, and cemetery merchandise installation services. The Funeral Home Operations segment offers caskets and other funeral related items; and funeral home services, such as family consultation, the removal and preparation of remains, insurance products, and the use of funeral home facilities for visitation and memorial services. As of December 31, 2019, it owned and operated 321 cemeteries in 27 states and Puerto Rico; and 90 funeral homes in 17 states and Puerto Rico. The company is headquartered in Trevose, Pennsylvania. https://finance.yahoo.com/quote/STON?p=STON&.tsrc=fin-srch

You would think a cemetery/funeral home chain (1 hour from New York City) would be doing brisk business.

Crash at the open wonder what that's about.

With a quarter million casualties projected and refrigerator trailers showing up outside of hospitals serving as temporary morgues, STON and its competitors are bound to have a good year.

And now the F'n Chinese are back to selling Bat meat in the markets.

Looks like a trend reversal here. Stock seems to trade pretty thin. I like it

$STON hmmmm

As morbid as it sounds being invested in a company that is the second largest funeral home in America might not be a bad idea during a pandemic. This one looks ok, especially if profits increase substanitally in the next two months and from the looks of it that has a high degree of happening.

My guess is acquisitions for expansion?

They damn near doubled the float. You think any good news might follow. Wonder what they plan to do with that 40 million bucks

Wow I just dumped at 1.35. Went into SINO for earnings on Friday. I figured something was up. Seemed like it hit a wall at 1.39

This explains the drop

Up to 33,487,904 Common Units Representing Limited Partners Interests

Issuable Upon Exercise of Rights to Subscribe for such Units at $1.20 per Common Unit

It was a $1.04 for like 10 seconds. I think that's the closest it will get. But if it hits a $1.00 I'll double my position... Lol

Im waiting on a bottom, STON has been drifting south for a while, $1.00 may pique my interest

STON had it's IPO in 2004 at $20.50 a share. Never once a reverse split. And only issued 40m shares since initial ipo. Yet grew company tremendously since then.IHUB sleeping on this stock for sure. I will be only one here when this is back to $10 a share

SWEET!

8k filing out new management and $300,000 bonus for up to $18,000,000 in cost reductions from new CEO. Great news added 7k shares today with profits form TINO

YES

wow! figured this could pop to that range on some big news! I see that you are also following INTV. Do you own shares? Im thinking to get in tomorrow

.33 cents quarterly and that was back in 2016. They cut it when it was discovered the CEO back then was embezzeling. He really put the screws to this company.

If they reinstitute the divy STON would probably bounce back to the $5-6.00 range

how much was their dividend? im actually considering long term hold here in case they decide to bring back the dividend

people are just dyin to get in :)

no problem figured you would be interested in adding back to your watch list. maybe they can turn this company around we will see

I had owned them years ago for their dividend, in the S-1 Im reading they plan on dropping the MLP for a sub chapter C corp 1st Q 2020. No X date on the $1.20 rights offering. I'll certainly be watching their new management. The last clown CEO royally raped them damn near putting them out of business.

Thanks for the heads up

read some of the latest filings they have restructured all of their long term and short term debt without diluting. And just recently cut 3400 jobs saving the company 30 million a year. The float hasnt changed and no insider have sold any significant amount of shares. 1 positive quarter and this stock will rocket. looks like a huge turnaround play. Worth the due diligence on this stock and good luck with whatever you decide!

Wow $1.48, I havent followed this one in quite some time, I'll have to do some DD to see what theyve been up to

chart showing me $3.00+ next week

up $3,000 so far. $1.47 I know im the only one here on ihub who owns Shares of STON

$1.38 and rising

2nd largest cemetary provider in the US this is a $10.00 stock easily! way under valued and wayyy oversold! BUT IM TALKING TO MYSELF HERE...LOL

Hello anyone here? Profitable now from $1.15 avg. Heading to $2.50 in a hurry

added holding 9k at 1.24 average ready for $2.50 on Monday!

up huge so far! heading to $2.50-$3.00 on Monday!

loaded 6k 1.31 average...time to wake the dead!

bottom bouncer! Looking strong here, buy some!