Since you have a source for stock purchases can you also see whom sold so many shares
the week before the Monday conference call???
Has anyone looked at the amount of shares of STON sold last week and more importantly
who sold them. I would think all of this is hedge fund shorting of a thinly traded stock?
I don't know where to look for information of sellers by name?
Anyone able to help?
Since June to present market value has declined from $20.74 to a close today of $19.26.
I am assuming this is due largely to bond holders anticipating higher rates and possibly
to investors in general bailing out of Pimco Funds in general.
According to my calculations current monthly yield is near 9% and the difference between
book value and market is now some 200 million dollars plus!
What is your expectation of year end special dividends on this fund and how long do you intend
to hold this fund given the continued decline in market value?
I listened to today's conference call.
CEO noted that new buyer of the company paid $28/share
Wouldn't OCIR face legal action as all stockholders-including me-
were not offered the same opportunity to sell at $28 per share?
Something seems "fishy" here!
Prior conference calls CEO has stated that many-not all-cremations are netting as
much as regular funerals-listen to the last earnings conference call
I am a little concerned about the recent abrupt CFO departure???
I have had some previous experience where a Companies stock was sold to some but
not all at the same price?
I would expect lawsuits to follow-also all of this prior to July 28 x-date???
They are borrowing to fund current projects and some eighteen billion in future projects.
They have indicated they plan to increase the dividend 10% per year thru 2020. Their
track record on dividend/distributions has been exceptional. I would think that current projections
also would include any increase in borrowing costs going forward.
Also keep in mind that the current planned US interest rate increase in September is quite small
and may not affect long term borrowing costs significantly.
You may want to look at distributions for KMI since inception and also thru some difficult times-
2000 and 2008! Again excellent track record.
I would add they are pretty good about making their plans known to shareholders. I would suggest
if possible you listen in to their earnings conference calls.
KMI has recently dropped in value as most MLP's and energy stocks have declined with worldwide
commodity prices-not a particularly good sign-low worldwide growth and possible deflation?
Take a look at the stock price and distribution since 2008 and that should
give you some confidence!
Add to that a lot of cemetery real estate and trust funds of $800 million!
Listen to most recent conference call-about $800 million-states require holding
funds in trust for future expected expenses. Returns on trusts may not be high
due to the current low interest rate environment!