StoneMor Partners: Technical Default, What's Next? [Seeking Alpha]
StoneMor Inc. (STON)
US:NYSE Investor Relations:
stonemor.com/investors/default.aspx
Company Research
Source: Seeking Alpha
Summary On Monday StoneMor Partners ( STON ) provided an update regarding the ongoing accounting review, stating that the company does not expect to file its 2016 10-K by the July 15 th deadline, and that it also does not expect to file its Q2 10-Qs by the August 14 th deadline. Shares have fallen by 12% since then, and I believe that this negative reaction is completely justified. Matter of Survival These are not just your run of the mill exchange mandated deadlines—which are also important, as I believe that the company needs to tap the equity market to fund the distribution (read Short StoneMor Partners ). These are deadlines imposed by lenders that operate the credit facility . In the 8-K filed on Monday, the company stated that “t he Partnership’s failure to file the Form 10-K before July 15, 2017 was an event of default under its revolving credit agreement.” This means is that the company has technically defaulted under the terms of the credit a
Show less
Read more
Impact Snapshot
Event Time:
STON
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STON alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STON alerts
High impacting StoneMor Inc. news events
Weekly update
A roundup of the hottest topics