Your email has been successfully added to our mailing list.

×
0 0 0 0.00393700787401584 0.0393700787401575 0.0443307086614173 0.0511811023622047 0.0551181102362205
Stock impact report

FOCUS-Direct lenders vie to resurrect cemetery owner StoneMor [Reuters]

StoneMor Inc. (STON) 
US:NYSE Investor Relations: stonemor.com/investors/default.aspx
Company Research Source: Reuters
FOCUS-Direct lenders vie to resurrect cemetery owner StoneMor - Reuters 7 Min Read NEW YORK, May 17 (Reuters) - The rising debt load at U.S. cemetery operator StoneMor Partners LP has helped bring it to death’s door, but specialized lending funds are clamoring to refinance the company’s borrowings, according to sources familiar with talks. In the wake of the financial crisis when interest rates sank to historic lows, StoneMor borrowed over $300 million to acquire cemeteries and funeral parlors. The strategy added the deathcare company to a generation of companies now saddled with debt that has limited growth prospects. This borrowing binge led the Federal Reserve to warn in its most recent financial stability report that business debt over the past decade has grown faster than the overall economy. In the event of an economic downturn, high debt levels leave companies - and sectors - vulnerable to collapse. StoneMor has not turned a profit since 2008, has missed deadlines to report fin 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
Opt-in for STON alerts
Opt-in for
STON alerts

from News Quantified
Opt-in for
STON alerts

from News Quantified