2023 Accomplishments:
Sabre’s toast…
$4.8B in debt, some of it due in 2027 that may very well end up being refinanced at higher interest rates, ongoing net losses, as well as marginal revenue growth forecast for FY’24 are the proverbial elephants in the room looming over all the positive spin. If these metrics don’t start to improve, it’s hard to see Sabre as anything but an asset acquisition target headed for bankruptcy.
Same nice colorful bag of poopoo with a bow on it every quarter. You can put lipstick on a pig but it’s still a pig. Wallstreet can see through the fluff of a PR so we will see how they react on earnings day.
Financial announcements are 50% bullsh-t and always have positive spins no matter how much money was lost for the quarter. Achieved positive free cash flow - “yea by not including the restructuring cost of laying off 1300 people! Why not include it? It’s like saying we did not lose money but are not including “some” expenses. I guess execs will be awarded more bonuses for a job well done - again.