I too often wonder about that question and yet they have paid consistent dividends for years. In 3 weeks or so I suspect they will declare yet another dividend, probably the same amount as last quarter and still there will be people who think their dividends are unsustainable. For me they only have to keep it up for another 5-10 years and heck, then I'll be a cusomer. GLL
Stonemore is a Master Limited Partnership and their profitability is not measured by the same criteria as normal corporations. If you will do your research you will see how their profits/losses are measured.
I have done my research, and have been licensed as a CPA for 20 years. The company breaks even. Look at the financial statements. It is all there. There is no depreciation, like there is with a REIT. You people are going to lose all of your money. The bond holders will be the only ones to make money.