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StoneMor Partners L.P. Message Board

  • richardleeds richardleeds Sep 6, 2013 3:43 PM Flag

    Insiders purchase less than 3000 shares in last six months

    I believe this says a great deal to all investors including myself.
    The unit price is has been around the low for the last two years
    and the insiders and management have not purchased any
    units at this price other than the 2800 shares bought by one
    director.
    I do not believe this is a good message to potential investors.
    It is usually investor demand that raises share or unit price
    in an investment and the decline in these shares all year and
    lack of insider buying says a great deal unfortunately.

    The yield minus the unit price decline over the last two years
    results in a poor return for investors and management has
    done nothing to change the dynamic. That also says a great
    deal. To me the message is quite negative. Unfortunately
    I purchased at higher prices and have seen no return in this
    investment. What is most disturbing and probably is creating
    a lack of new investor demand and therefore price appreciation
    in the units is that management is doing nothing different to
    rectify the matter.

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