If you wait around, you will get another three bucks, if you want to put your money to work and you have long-term capital gains, that's another way to play it as well. The current buyout price is 43 bucks and Slack was trading around 40 bucks. The acquisition closing price will be $26.79 plus 0.0776 times the Salesforce stock price. I think the question everybody is asking is, should I hold my stock? I am going to put this in the chat. Had a GAAP loss of 29%, but a positive cash flow from operations, including it spent $8.7 million in the quarter from a transaction expense related to the acquisition. Billings are up 41% showing me that customers are still signing up for Slack even though everybody knows that Salesforce is going to buy them, that isn't slowing growth at all. But there's really not a lot going on with Slack, but I did want to give viewers a quick little insight.Įarnings was pretty decent, revenue was $903 million for full-year 2020, so they're approaching a $1 billion run rate business, it's up 43%, Q4 was up 38%, so pretty strong. But I don't know that everybody goes back and un-favorites stocks that they don't own anymore. I imagine not as many people own it anymore. *Stock Advisor returns as of February 24, 2021īrian Withers: Let me jump into Slack.

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