STON Profile
StoneMor Inc (STON) is a company that owns and operates cemeteries and funeral homes across the United States. The company provides funeral and cemetery merchandise and services, including burial lots, lawn crypts, mausoleum crypts, caskets, burial vaults, urns, and other items.
StoneMor operates more than 300 cemeteries and funeral homes in over 20 states in the U.S. Its cemetery products and services include interment services, cemetery merchandise, and perpetual care services. The company also offers funeral home services, which include traditional funeral services, cremation services, and pre-arrangement services.
StoneMor has faced financial challenges in recent years due to declining revenues and increased expenses. In 2016, the company was investigated by the Securities and Exchange Commission (SEC) over its accounting practices. In 2017, the company's CEO and CFO resigned following an internal investigation into accounting irregularities.
Despite these challenges, StoneMor has continued to operate and serve families in need of funeral and cemetery services. The company has implemented various cost-cutting measures and initiatives to improve its financial performance.
Investing in StoneMor stock comes with certain risks, including the potential for declining revenue and increased expenses. However, the company's long-term viability will likely depend on its ability to adapt to changing market conditions and to manage costs effectively. As with any investment, it is important to conduct thorough research and consider one's individual investment goals and risk tolerance before investing in STON stock.
|
