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StoneMor Inc. (STON)

NYSE - NYSE Delayed Price. Currency in USD
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2.1700+0.0200 (+0.93%)
At close: 4:00PM EDT
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  • N
    ND
    Lots of new STON institutional owners in April and May I see on 13-F filings on Fintel - that's awesome! And the PR this afternoon says it closed it's private offering of $400 million. Bought a little on this dip and riding LONG!
    Bullish
  • B
    B
    Axar Capital Management L.P. reported to the SEC that on April 14, 2021 it acquired an additional 5,522,732 shares of StoneMor Inc. (STON) common stock. Prior to this acquisition, Axar Capital Management L.P. owned 70.51% of the outstanding shares of STON. GLTA Longs.
    Bullish
  • w
    wave_length
    Check out the call options on STON. The July 16 $2.5 calls traded 320 contracts and the bid is 40 cents.
    The Oct. 15 $2.5 calls traded 227 contracts and the last trade was at 71 cents.

    If call volumes increase tomorrow, it should be a very bullish sign.
  • s
    stockrobot
    Important development this AH regarding Axar can start purchasing STON shares.

    "Under the DVA, and subject to certain conditions and exceptions, the Axar Entities and their affiliates are prohibited from acquiring additional shares of the Company’s Common Stock. On April 13, 2021, the Axar Entities, the ACII Entities and the Company entered into a letter agreement (the “Waiver”) pursuant to which the Axar Entities were permitted to acquire some or all of the shares of the Company’s Common Stock held by ACII and its affiliates in a single privately negotiated transaction and not in the open market."
  • K
    KC Chief
    Triple the average volume today. Perhaps if you're lucky Axe will buy you out.
  • B
    B
    On April 20,2021 in its Form 8-k filing to the SEC, StoneMor (STON) states that it operates in a "large addressable market: Significant Revenue Base of $20 billion total death revenue driven by CONSTANT demand of 3 million total deaths. On Turnaround Strategy, STON identified & executed over $50 million of cost saving and performance initiative."
    GLTA Longs.
    Bullish
  • a
    am c
    WOW Stone STATES. Just shows how unaware STON is of whats going on in the profession. Cremation rate pushing 65% and growing rapidly (only thing keeping it from over 70% is MS AL TN LA & KY) burial rate. In reality 3 mil becomes 900 k. Factor in vets going to national cemeteries now becomes 750 k. Nothing left to fuel growth. Cremation is the new tradition. BYE BYE Ston!
  • w
    wave_length
    @B and @stockrobot. Thank you for your comments that confirmed my initial impressions based on the large insider purchase. STON stock taking flight as I write.
  • s
    stockrobot
    This is basically a private takeover and price can shoot to double digits tomorrow.
  • K
    KC Chief
    $ 400 million of 8.5% secured notes due in 8 years. So obviously Axe buys the notes and the company has to pay him the interest for 8 years or until bankruptcy whichever comes first (bankruptcy). He's flailing around in this hole that he has dug for himself; no chance, no chance in hell of a good way out with the company surviving and turning a profit.
  • d
    david
    Question, did Stonmar send out a K1 this year? I don't recall getting one
  • A
    Anonymous
    Something going on with Ston , accumulation ? Buyout not sure
    Bullish
  • K
    KC Chief
    has signed a definitive agreement to acquire four cemeteries located within its East Coast geographic footprint for a total purchase price of $5,395,000.
    WHAT KIND OF DUMPS DO YOU GET WHEN IT'S 4 FOR $5.4 million? The dregs. Where do they get the money?
    Bearish
  • A
    Anonymous
    Chart and volume doesn’t lie going higher !!!
  • T
    Trade N Full
    300 shares at $3.74 😕 any optimism?
  • b
    billcollector7688
    I feel the majority of the revenue increase is from covid related deaths. And the 20% increase in pre need is from fear of covid. Once we are all vaccinated, the pre need and overall revenue will drop back to the 2018-2019 levels. All of us shareholders need to pray that I’m wrong!!
    Neutral
  • B
    B
    On February 1, 2021 Axar Capital Management reported on Form 13D to the SEC that it owns 83,110,313 shares of StoneMor Inc. (STON). This represents 70.51% of the outstanding shares of STON and a VERY LARGE PERCENTAGE of Axar Capital Management's portfolio. GLTA longs.
    Bullish
  • L
    Lorenzo
    they are dumping it.. like always. playing w ur money. :(
  • M
    MoKash$D'Lux
    loaded another batch
    Bullish
  • s
    stockrobot
    Easy double money in a week. I am predicting $5 in the next couple days.