Sabre just issued an 8K outlining its limited-duration shareholder rights plan (basically telling Wall Street they have a short term 'poison pill' strategy) following the accumulation of a significant amount of stock by Constellation Software. Sabre's travel customers now not only have to worry about whether Sabre can deliver the products they need, but whether they will even have ownership stability since the stock started to be traded at The Dollar Store. I don't know about you, but Sabre has probably run out of runway to repair the balance sheet in time to invest in any credible product development that can compete with PROS, Accelya, or FLYR's PSS alternative's in the PSS arena. What do you think?
6 replies (most recent on top)
Will I be asked to come back? Miss Sabre…had a good team and loved my work!
@fw if the management can start doing their jobs, and doing their jobs competently, then I am fine with Constellation keeping them, but I think they could reduce the number of managers because some are "managing" (holding an honorary place in the org chart and being paid to do nothing) just a few people.
@b2 actually, the last set of 4 companies that Constellation have bought, the management is still in place. They typically don't replace the top team, they provide a playbook and demand the company is driven in that manner. Sabre does fit the portfolio though for sure.
Constellation please take the ownership and terminate the management. They are worth nothing.
They should welcome outside help and potential acquisition by another company. It is completely absurd that they should fend off any takeover action.
Management is fighting for its life cause Constellation likes to replace upper management. In my opinion we would fit in there portfolio. They don't buying just to sell and they have money and rating to refinance our debt and give us a breather. Also they don't really jump on this AI bandwagon, due to specific portfolio where working systems and supporting customers 24/7 is more important than new features.