Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Sabre Corp.: Market Ignoring Operating Performance But For How Much Longer?

In late April I wrote an article on Sabre Corp (NASDAQ:SABR) detailing the many things wrong with the company and its $4.92 billion valuation, which at the time was approximately $1.25 billion lower. In the time since that article the stock has done well for those who got long at the IPO or shortly after, up just a touch over 25%. The tar and feathering doesn't end there; I went as far as to put a year-end price target on the stock of between $12.25- $12.75 which was about 25% lower than the IPO price of $16 and sits 36.5% below the most recent close of $20.09. This continuing coverage article will defend my short or avoid thesis...

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