Why am I holding SABR? I should have known better.
2 replies (most recent on top)
It's oversold. The price will be up in 2 weeks. Interest rates will fall when the uncertainty about the election calms down. SABR will have positive earnings per share by 2Q25 and the price will go to $15. In 26 SABR will reinstate a 2% dividend. Unfortunately for the US people between rebadging, retiring, resigning, and layoffs, there won't be many left in the US by then. The board will be ready for a new CEO then, the current C team will all follow him out the door, and they will each be replaced by someone new, who will bring in their clueless buddies and neighbors. Maybe the next ones will be better than the last but it's a toss-up.
Earning Call Today, need much more practice before trying to put on a positive Tap Dance around the downward spiral.