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Jennifer Rogers
Yahoo Finance April 13, 2016
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StoneMor Partners (STON) is one of the country's largest death care There's a simple calculation to determine how
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much you need to have saved before you can
companies, operating 307 cemeteries and 105 funeral homes. The
retire
company sells death care products (e.g., cemetery plots, coffins and Business Insider
Finance Home Originals Events Personal
headstones) Finance to people
and services Technology Marketsdies Industries
when someone (at-need)
and also ahead of time (pre-need).

The company does not have access to all the proceeds from pre-
need sales immediately. Most sales are on an installment basis, and
different state regulations require the company to set aside a portion
of the proceeds in a trust until the customer has died. In addition,
StoneMor is the only publicly-traded death care company structured
as a master limited partnership. The opioid crisis is hurting prospects for the
U.S. labor market
Investor Greg Taxin of Luma Asset Management has been on the Yahoo Finance

front lines of more than 40 activist investments , including WetSeal,

NutriSystem (NTRI), and Chico's (CHS). Taxin has taken a short
position in StoneMor Partners because he believes the company is
being overvalued by investors due to complex financial engineering.
Luma's full presentation on StoneMor can be read here.

StoneMor Partners says it has addressed these issues before and

directed Yahoo Finance to its press releases, financial statements,
U.S. dollar, stocks fall while Treasury yields r
 Reuters
and track record of paying out quarterly distributions for more than 40
quarters in a row.

In terms of StoneMor stock, there is not much institutional ownership,

but retail investors chasing yield have been drawn to its return of
more the 8.5%.

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