It recovered a bit to the $2.40s. Share holders will be upset and demand more immediate cost cuts - guaranteed. Sabre keeps refinancing debt to push due date further but every time they do that it costs them
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I was a manager and loved being paid 40 hours per week for working 8 hours.
The management career path is a scam where the higher you climb the promotion ladder the less actual work you need to do. Management is a financial leech su-king their high salaries out of the revenue the individual contributors bring in. Not all management is this way but most is to a greater or lesser extent. Just think about your own manager, what do they really do to justify their salary, what does their manager do, what does their manager's manager do? That's a lot of wasted money.
Nobody who manages people should be managing less than 7 people or more than 11. If anyone is managing less than 7 then they either need to take on the people of a lower performer peer or they need their people moved to a higher performer peer. After that reorganization then anyone managing zero people needs to be laid off.
There are too many people for whom "managing" their people takes them less than 8 hours per week yet they're being paid as if they work 40. It's wasting money that we cannot afford to waste.
The Bust is over, shares rising like a spacex rocket
Sabre will save a LOT of money if managers and directors are laid off. These are the sc-m of the sc-m who do nothing but politics.
No one wants to buy this sh---y stock. Stockholders will demand more cost cuts.
Put a fork in it. Its done.
I am going to buy all the stocks, when the price hits $0.0.
Sabre to the Moon? It is more like "Terrain! Terrain! Pull up!".
$1.88 today
At this point I am surprised wali street bets hasn't picked up SABR and sent it to the moon.
It’s under $1.99 again. I expect it to go much lower. They announced flat earnings for full year 2024 which means more EPS losses so wallstreet will beat it down to the dirt.
All because of greed, leaders took out loans instead of government subsidies during the pandemic. Government subsidies limit big payouts to leaders.
There's also this news from yesterday:
https://www.marketwatch.com/story/sabre-shares-drop-8-following-executive-chair-exit-news-9edd3f90
Sabre reminds me of a person who transfers credit card balances to a new card every year but little do they know they are paying a fee every time they do that and the debt does not go away. Add the fact that they have not earned a penny since Covid and you have a disaster after to unfold. They can NOT pay the debt.
It was probably driven by the news:
"Sabre Announces Exchange of $150 Million of Existing 4.000% Exchangeable Senior Notes due 2025 for Exchangeable Senior Notes due 2026"
https://finance.yahoo.com/news/sabre-announces-exchange-150-million-130000196.html