StoneMor Partners LP engages in the ownership and operation of cemeteries and funeral homes. It operates through the Cemetery Operations and Funeral Homes Operations segments. The Cemetery Operations segments includes sales of cemetery interment rights, merchandise, and services; and the performance of cemetery maintenance and other services. The Funeral Home Operations segment offers a range of services to meet a family's funeral needs, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services. The company was founded by William Robert Shane on April 2, 2004 and is headquartered in Trevose, PA.
Our turnaround strategy may cause a disruption in operations and may not be successful.
We are under leadership of a new Board of Directors, who collectively have a limited operating history with the Partnership.
Our level of indebtedness could adversely affect our financial condition and prevent us from fulfilling our debt obligations.
We have a history of operating losses and may not achieve or maintain profitability and positive cash flow.
The prohibition on incurring additional debt in the Indenture for the Senior Secured Notes, as well as future operating results, may require us to issue additional equity securities to finance our working capital and capital expenditure needs. Any such equity issuance may be at a price less than the then-current market price, which would result in dilution to your interest in the Partnership.
Restrictions in the Indenture for the Senior Secured Notes prohibit us from making distributions to you.
We must comply with covenants in the Indenture for the Senior Secured Notes. Failure to comply with these covenants, which may result from events that are not within our control, may result in an Event of Default under the Indenture, which would have a material adverse effect on the business and financial condition of the Partnership and on the trading price of our common units.
Our merchandise and perpetual care trust funds own investments in equity securities, fixed income securities and mutual funds, which are affected by financial market conditions that are beyond our control.
Our ability to use our Net Operating Losses and other Tax Assets is uncertain.
We are involved in Legal Proceedings.
Economic, financial and stock market fluctuations could affect future potential earnings and cash flows and could result in future goodwill, intangible assets and long-lived asset impairments.
Our ability to generate preneed sales depends on a number of factors, including sales incentives and local and general economic conditions.