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StoneMor Partners L.P. Message Board

  • kenpalley2000 kenpalley2000 May 29, 2014 12:37 PM Flag

    Buying opportunity

    I am all in but for those of you not this is a good time to pick up shares. It is almost invariable that when a solid company has a secondary offering lots of folks panic and think it will be dilutional. However if the company is well run and profitable as this one is, IMHO, then the money will be shortly be put to good use and thus the SO is accretive. Of course if you don't think the company is well run and likely to be profitable going forward disregard the previous advice. One has to wonder why you are still on this board. Stocks I don't like I usually sell and stop posting about. GLL


    Sentiment: Buy

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    • Like I said:

      May 29, 2014 23.57 23.72 23.35 23.39 1,745,500 22.80

      Wish I had had money back then, now I tied to get some today at 26 and managed to get 25 lousy shares before it shot up. guess I'll have raise my bid. GLL

      Sentiment: Strong Buy

    • Already owned but bought more when panic selling came in..As usual, folks run away from secondaries. In their case, the money is well spent and the unfortunate future is that cemeteries will OUTlive us all. Cash flow diehards rest easy as dividends appear as well covered as gravesites !! Semper Fi..

    • Ken,
      I'm watching this one for an entry price. The Summer months are upon us which means equities such as this one will likely take a hit. Also, when the offering has closed and underwriters sell their over allotment, the share price usually takes a dump at that time. I am looking to buy into STON twice, once at $23.00/share and another at $22.50 within the next 3 weeks. I'll see if any of these prices get hit; I suspect at least one of them will. GLTY.

24.40+0.17(+0.70%)Apr 29 4:02 PMEDT