Seeking Alpha

StoneMor Partners misses by $0.04, beats on revenues

  • StoneMor Partners (STON): Q4 EPS of -$0.16 misses by $0.04.
  • Non-GAAP Revenue of $86.21M beats by $24.M.
  • Press Release

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Comments (4)
  • glf4mny
    , contributor
    Comments (441) | Send Message
     
    I guess not as many people are dying as was expected.
    14 Mar 2014, 11:13 AM Reply Like
  • indytom01
    , contributor
    Comments (48) | Send Message
     
    Not sure what the market does not like here. By now most investors should know the GAAP eps number and miss is not that meaningful. Appears to have been a pretty solid Q4, with revenues beating and overall cash flows growing well.
    14 Mar 2014, 02:06 PM Reply Like
  • retooks
    , contributor
    Comments (45) | Send Message
     
    The Street does not understand the business model and I guess never will. Maybe in a decade or so they'll get it but the good news is the business will provide double-digit returns thru the distributions. When the investing community understands this is a real and viable model then the capital gains will materialize. Either way those who invest in Stone come out on top.
    16 Mar 2014, 04:38 PM Reply Like
  • Jdeboer87
    , contributor
    Comments (288) | Send Message
     
    Yes...this is about cash flow. The real thing to watch is the growth of the deferred liability account. Debt Cash and credit the deferred liability account. If the deferred account is growing it means that they are selling pre-need services/products that will be recognized as revenue in the future. But a piece of that cash is available at the time of sale and as customers use their pre-need service(ie., they die) then more cash is released from the trust. Watch the deferred account.
    19 Mar 2014, 11:00 AM Reply Like
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