lowtrade

[lowtrade]

Heads up

STON may be a possible mid term come back play. After 18 months of problem after problem, it seems the company is back on stable ground. The company, not the stock YET!!
http://schrts.co/qkDkvp

Problems started with founder increasing sales force and dumping tons of cash into them to drive revenues. When this failed, he took off and there was 2 interim CEO's since 2016. Late 2016 they cut the dividend 50%; for a stock price crash from $22 to $12. Then completely stopped distributions after the 3rd Q of 2017.

Things settled down for a while, 2018, while they looked for a permanent CEO. Do to all those problems their senior debit holder became jumpy. And they found the old management may have screwed with 2017 filings to the SEC.

Since all that, Moody down graded them mainly because of 2017 SEC restatement was not refiled on time twice. Which cause another stock price dive to JUST start July 9th 2018. Giving a very attractive new entry price level!

So in the last few weeks they hired a crack new CEO from Vonage, also a new CFO and 2 new board members. They restructured their debit successfully. And finally finished their SEC 2017 restatement.

That filing had a 1000% Earning beat for the 2017 10K. @.02 EPS; with estimates @ -.19 EPS!! Also note; Insiders and institutional investors have been buying during 2018. Including one active management firm boosting ownership to 18%.

Thinking about buying the bounce. Play at your own risk and you really should do your own research on this one.

Here's a resent article I agree with.
https://seekingalpha.com/article/4168470-left-dead-stonemor-lot-upside