SPOK - Spok Holdings: Nice Company; Upside Has Vanished
2024-03-05 10:01:43 ET
Summary
- The original thesis has played out.
- Dividend coverage remains elusive.
- Huge number of shares and insiders selling the stock.
- The software business is overvalued.
Company Overview
I originally wrote about Spok Holdings, Inc. ( SPOK ) in April 2022 when the stock was trading around $8. The company has two segments. One is its Wireless segment, which sells pagers and pager services to its envious healthcare customer list. The other provides healthcare communications software, including on-call scheduling, patient call center, and staff communication....
Spok Holdings: Nice Company; Upside Has Vanished