Can anyone explain to me why Amadeus is trading at around 43$ and we are at 8% ?
5 replies (most recent on top)
Amadeus is going to crash too. They rely way too much on Europe and those carriers are in much more of a financial mess. I heard they will have massive layoffs everywhere
In simple terms, Amadeus is in a much better cash and debt situation than Sabre. TPG and Silverlake have been lining their pockets when they took Sabre of the stock market in 2006 and converted the cost to company debt. After the IPO, they've been sitting on the cash dividend and stocks buyback programs and been draining Sabre's cash as a result.
I hope that Sabre will file for chapter 11 so these folks end up losing everything. It's just a matter of time in this situation.
Because Amadeus is getting all of the business
Ineptitude combined with a pandemic
the drop that happened before the virus impact was a legit reason to drop. The drop after the virus impact is a valid reason too.