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Spok Holdings, Inc. (SPOK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.00-0.04 (-0.57%)
At close: 04:00PM EDT
7.32 +0.32 (+4.57%)
After hours: 07:59PM EDT
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  • P
    Peter Cohen
    On Twitter

    Any $SPOK owners out there? First ER today post strategic pivot away from building a unified SaaS product (SPOK GO), to focusing on legacy product and running them for cash. Dividend yield is 18% on $7 stock. $RILY bid $12 per share in March 2020 and $ACTG bid $10.75 in Aug 2021.

    Both bids were roughly 1x sales, trades for .7x sales today, and arguably an acquirer would have cut the SaaS spending. Dividend is funded 80% via operating CFs, 20% balance sheet (balance sheet portion is covered for 10yrs)

    Legacy biz is a melting ice cube (compliant comms in healthcare setting, i.e. hospital pagers), but attrition is steady and has been managed well, ARPU stable. With returning focus to legacy product suit, would expect better retention and lower rev declines.
  • P
    Peter Cohen
    Tape is 🗣 Today
    Excellent Volume Nice Size Prints 👏
  • A
    Anonymous
    so when does Acacia/Starboard really put the squeeze on this company to close the deal. Or do they silently go away and sell shares.
  • P
    Peter Cohen
    Clearly Market has voted appears Management attempt to maintain control has become significantly more tenuous . This exercise of futility over last 6 months has come at a cost to existing shareholder . That $10.75 will get A Haircut probably 0.75 representing the 15m reduction in cash from 60m to 45m . Close to 60% Institutional Ownership very little if any insider ownership . I do not think road paved by SPOK Is one that serves shareholder best interest . They have done a disservice to all except themselves they made sure to feather their Nest upon exit
  • A
    Anonymous
    So what is the latest? Bid from Acacia has been on the table for 6+ months. Then all the NDA's. Has Spok said NO to all of them.
  • P
    Peter Cohen
    Amazing with Div increase from 0.50 to $1.25 & Buyback of 10 million common management and board has turned this company into A Melting 🧊 .Fiduciaries clearly preoccupied with their own personal benefits perks and financial remuneration as opposed to shareholders best interest 🦶🏿
  • P
    Peter Cohen
    SPOK ANNOUNCES REDUCTION OF BOARD SIZE DROM 10 to 6

    Aligns Board Size and Composition with New Strategic Business Plan and Structure
    Reaches Support Agreement with Braeside Investments
    ALEXANDRIA, Va., March 21, 2022--(BUSINESS WIRE)--Spok Holdings, Inc. (NASDAQ: SPOK) ("Spok" or the "Company"), a global leader in healthcare communications, today announced that it has reduced the size of its Board of Directors (the "Board") to six members to better align the Board’s size and composition with the Company’s recently announced business strategy.

    As a result of the reduction in Board size, four incumbent directors will not stand for re-election at the Company’s 2022 Annual Meeting of Stockholders (the "Annual Meeting"): Blair Butterfield, Stacia Hylton, Matthew Oristano and Chair Royce Yudkoff. Consistent with applicable law, all current directors will continue to serve their full terms, which expire at the Annual Meeting. Additionally, the Board intends to select Christine M. Cournoyer as its new independent Chair after the Annual Meeting.
    The Board’s director nominees standing for election at the Annual Meeting will be Dr. Bobbie Byrne, Christine Cournoyer, Randy Hyun, Vincent Kelly, Brett Shockley and Todd Stein. If these six nominees are elected to the Board, the new average tenure of the independent directors will be less than three years.
    Ms. Cournoyer, Chair of the Nominating and Governance Committee, said, "We would like to sincerely thank Blair, Stacia and Matthew for their important contributions on the Board. I would also like to especially extend our gratitude to Royce for his tireless service as Chair. The perspectives and experience these directors have contributed over the years has been extremely valuable. We wish these departing directors great success in their future endeavors."
  • P
    Peter Cohen
    Initiated a full position today in SPOK . Trading at $9 or less with a committed $10.75 offer on the table looks very attractive . 175 million MC 60 Million in Cash 125 EV 5% div 140 Million in Sales . Take a look at institutional ownership reminds me of Acacia’s . Take a look at their biz seems very relevant .

    Reason stock has not attracted arbitrage community deal Too Small & Buyer consider low quality . Exceptional Risk Reward what is . One other item of interest since there is only 20 million shares outstanding A 1X bump translates in a $7 increase in share price . I am sure their are many synergistic publicly traded companies currently trading at a significant X premium to SPOK and if they pay a 2-3X it would still be a attractive accretive tuck in . Acacia does not have the Currency or the Complementary business to bid higher .
  • M
    Mathieu
    According to Acacia earning call the merger is progressing as expected. The discount is now at 8% (with the 10.75 acquisition price). No reason the merger wouldn’t go through.
  • P
    Peter Cohen
    CC / ER Thursday Feb 17th 8:30am

    ALEXANDRIA, Va., February 14, 2022--(BUSINESS WIRE)--Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced it will release its fourth quarter and full year 2021 operating results before market open on Thursday, February 17, 2022.
    A conference call will be held on February 17, 2022, at 8:30 a.m. Eastern Time to discuss fourth quarter and full year 2021 results.
    Telephone Conference Dial-Ins:

    Participant / Guest (Toll-Free):
    877-407-0890

    Participant / Guest (International):
    201-389-0918
  • A
    Anonymous
    Not much volume (like half of normal, but stock above $11 today). No news
  • T
    The Beef
    Pride stood in their way last time with B Riley, it’ll happen again. They won’t part with the whole company and whatever part they do shave off, if ANY, will not justify this joke of a price. PT $8
  • J
    JH
    Looks like some people have pretty strong conviction that additional offers are being considered beyond Acacia's $10.75. There are almost no shorts on record currently (224k with days to cover of 1.6), so what happened yesterday with the spike to $11.50 could not have been a short squeeze and it might be a prelude to things to come.
  • A
    Anonymous
    Does anybody have a balll park idea of when the Board will make a decision in regards to buyout offer?
    What about odds of a 2nd offer showing up?
  • D
    DrDickProcto
    The Market HATES these types of "Rights" issued for Mgmt. "defense" reasons. It "complicates" the ownership structure and rarely raises any cost-effective capital. 90% of the time, the Market will hammer equity whose Management engages in this type of protectionism! We expect SPOK will open Monday AM 6-8% lower due to this. As @Ben stated earlier, SPOK will trend to the mid-$8 range by the end of next week. Sorry, for the "negative" perspective going into a Holiday weekend.
  • P
    Peter Cohen
    Tues 2/15 Solid Trading For This Currency Both Price Action & Volu💪
  • A
    Anonymous
    Does Acacia have the financial strength to buy both Spok and kohl's?
  • a
    aabb
    SPOK + AABB 4,000 % Rise 2021 + ALPP Rising 800 % This year.
    Bullish
  • L
    Long Term
    Neither management or a director bought a single share when the stock just recently was around $7 - shows great confidence in what the are doing - NOT !!!!!!!!! If they don't think it is worth $7, why would outsiders want to play?
  • P
    Peter Cohen
    Vocera Communications shares rally on acquisition by Stryker
    Published: Jan. 6, 2022 at 8:18 a.m. ET

    By Steve Gelsi

    Stryker Corp. SYK, -1.99% said Thursday it'll pay $79.25 a share to acquire Vocera Communications Inc. VCRA, -6.73% in a deal that values the workflow and communication technology company at $3.09 billion. Stryker said Vocera "has emerged as a leading platform in the digital care coordination and communication category" and has expanded throughout the pandemic. The boards of directors of both Stryker and Vocera have approved the transaction, which is expected to close in the first quarter. Stryker said the acquisition is expected to have a neutral impact to net earnings per diluted share in 2022. Shares of Vocera rallied 26% to $78.93 in premarket trades. Stryker shares fell 0.1%.

    Vocera Communications, Inc. is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company's segments include Product and Service. The Company's solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network. The Company's Vocera Communication System consists of a software platform that connects communication devices, including its hands-free, wearable, voice-controlled communication badges, and third-party mobile devices that use its software applications to become part of the Vocera system. Its Vocera Collaboration Suite combines calling, texting, alerting and content distribution capabilities of Vocera into a smartphone application. Its Vocera Secure Texting is an alternative to non-secure short message service (SMS) texting.
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