1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,480 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,520 --> 00:00:19,079 Speaker 1: at some of the stocks on the move today. 5 00:00:19,360 --> 00:00:22,319 Speaker 2: I'm Paul Sweeney alongside the Lisa Matteo and. 6 00:00:22,320 --> 00:00:24,720 Speaker 3: We're joined by Bloomberg Tachiana Daria Touchana. 7 00:00:24,720 --> 00:00:27,160 Speaker 2: What are you looking at today, Well, it's deals Monday 8 00:00:27,240 --> 00:00:30,880 Speaker 2: in the smidcap space pall as you mentioned earlier, starting 9 00:00:30,920 --> 00:00:35,160 Speaker 2: off with Day Fource. Your ticker is Day up about 10 00:00:35,200 --> 00:00:38,440 Speaker 2: twenty seven percent right now after Bloomberg reported that buyout 11 00:00:38,440 --> 00:00:41,360 Speaker 2: firm tom Obravos and talks to acquire the HR management 12 00:00:41,800 --> 00:00:44,800 Speaker 2: software provider. The deal would take the company private as 13 00:00:44,840 --> 00:00:48,320 Speaker 2: soon as the coming weeks. Our sources tell us today's 14 00:00:48,360 --> 00:00:50,919 Speaker 2: rally gives the company a market value of about eleven 15 00:00:50,960 --> 00:00:54,440 Speaker 2: billion dollars, and that's up from about eight billion on Friday. 16 00:00:54,480 --> 00:00:57,320 Speaker 2: So even though we don't have financing details here, that 17 00:00:57,520 --> 00:01:00,880 Speaker 2: gives you an indication of what investors are expecting. And 18 00:01:00,960 --> 00:01:02,760 Speaker 2: to just give you a little bit of contest, this 19 00:01:02,880 --> 00:01:07,040 Speaker 2: stock was down about twenty seven percent through Friday, down 20 00:01:07,080 --> 00:01:10,720 Speaker 2: about sixty percent from its twenty twenty one peak. That's 21 00:01:10,760 --> 00:01:14,120 Speaker 2: after it saw a really a big boom after the 22 00:01:14,160 --> 00:01:17,720 Speaker 2: post pandemic reopenings. But since then companies have been pulling back. 23 00:01:18,160 --> 00:01:21,520 Speaker 2: So it's interesting what this actually tells you about the 24 00:01:21,560 --> 00:01:24,839 Speaker 2: economy right in this uncertain times where companies are pulling 25 00:01:24,880 --> 00:01:27,200 Speaker 2: back on some of their capital expenditures. 26 00:01:27,319 --> 00:01:29,399 Speaker 3: All right, Tatiana. One of the things you know, Paul 27 00:01:29,440 --> 00:01:32,240 Speaker 3: Sweeney has the end to like all the fancy places 28 00:01:32,319 --> 00:01:35,000 Speaker 3: right in the city, and because he knows where to go, right, 29 00:01:35,000 --> 00:01:37,200 Speaker 3: they let him in. But one place I have been 30 00:01:37,440 --> 00:01:40,880 Speaker 3: that Paul Sweeney has not been exactly is SOHO House. 31 00:01:41,840 --> 00:01:45,320 Speaker 2: That would have been my question first, Paul, have you 32 00:01:45,400 --> 00:01:49,320 Speaker 2: been there? Because this was I'm new to this, to 33 00:01:49,440 --> 00:01:53,080 Speaker 2: this company, I have to say, Soco House. It's a 34 00:01:53,280 --> 00:01:56,240 Speaker 2: kind of a co working space, often compared to we Work. 35 00:01:56,440 --> 00:02:01,960 Speaker 2: The ticker there is h SE sorry, it's SHCO up 36 00:02:02,000 --> 00:02:05,120 Speaker 2: about sixteen percent. This is after a group of investors 37 00:02:05,200 --> 00:02:08,680 Speaker 2: led by hotel owner m cr agreed by the company 38 00:02:08,680 --> 00:02:12,120 Speaker 2: in a two point seven billion dollar deal. It calls 39 00:02:12,120 --> 00:02:16,639 Speaker 2: itself as a club for creatives where suits, Tyson, corporate attire, 40 00:02:16,720 --> 00:02:23,200 Speaker 2: our discourage. So curiously, it doesn't cater to people working 41 00:02:23,280 --> 00:02:26,919 Speaker 2: in finance or politics, but rather to the more creative classes. 42 00:02:27,320 --> 00:02:29,360 Speaker 2: So it will be very interesting to see what the 43 00:02:29,400 --> 00:02:32,040 Speaker 2: new sort of owners do with this. Do they continue 44 00:02:32,040 --> 00:02:34,320 Speaker 2: with this strategy or do they choose to sort of 45 00:02:34,320 --> 00:02:38,079 Speaker 2: branch out in this other avenues. And the price there 46 00:02:38,160 --> 00:02:41,120 Speaker 2: is a premium of about eighty percent over the stocks 47 00:02:41,200 --> 00:02:45,040 Speaker 2: closing price in December. On December eighteenth, we go back 48 00:02:45,080 --> 00:02:47,959 Speaker 2: to that date because that's the date we finally found 49 00:02:47,960 --> 00:02:51,359 Speaker 2: out that they received an offer, and since then shares 50 00:02:51,400 --> 00:02:55,680 Speaker 2: have been rallying about fifty percent. So yeah, it looks 51 00:02:55,720 --> 00:02:58,360 Speaker 2: like coworking places are a great idea, but just a 52 00:02:58,480 --> 00:02:59,880 Speaker 2: very difficult business model. 53 00:03:00,080 --> 00:03:00,800 Speaker 1: Okay, very good. 54 00:03:00,800 --> 00:03:02,760 Speaker 3: How about the United Healthcare? 55 00:03:02,960 --> 00:03:06,519 Speaker 2: United Healthcare another name on the move today, up about 56 00:03:06,520 --> 00:03:10,120 Speaker 2: two percent. This is more like extending the round that 57 00:03:10,160 --> 00:03:13,079 Speaker 2: we've seen on Friday when we learned that Warren Buffin's 58 00:03:13,120 --> 00:03:16,760 Speaker 2: Berkshire hadaway and other investors bought Chars and the insurer. 59 00:03:18,600 --> 00:03:21,840 Speaker 2: Among those investors David Tepper's Appalooza, some of the world's 60 00:03:21,840 --> 00:03:25,639 Speaker 2: wealthiest management like George Soros investment firms. So this is 61 00:03:25,720 --> 00:03:28,680 Speaker 2: great relief for this stock that has been so bitten 62 00:03:28,720 --> 00:03:32,440 Speaker 2: down this year. I mean, shares are still down about 63 00:03:32,600 --> 00:03:36,800 Speaker 2: forty percent, and I just had a look at their valuation. 64 00:03:36,920 --> 00:03:40,200 Speaker 2: So the pe ratio there is about eighteen, which is 65 00:03:40,280 --> 00:03:42,840 Speaker 2: lower than the five and the ten year averages. So 66 00:03:43,120 --> 00:03:47,000 Speaker 2: that tells you that those value investors are onto something there, 67 00:03:47,120 --> 00:03:48,840 Speaker 2: but it will just take a lot of time to 68 00:03:48,880 --> 00:03:49,840 Speaker 2: ship this photo around. 69 00:03:50,960 --> 00:03:54,960 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 70 00:03:55,040 --> 00:03:57,640 Speaker 1: us throughout the day for the latest roundup of companies 71 00:03:57,720 --> 00:04:00,800 Speaker 1: making news on Wall Street and for the latest market 72 00:04:00,840 --> 00:04:05,320 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:04:05,400 --> 00:04:08,880 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:04:08,960 --> 00:04:10,440 Speaker 1: the Bloomberg Business app.