Sabres worst quarter ever, and the stock is up 5 % wth ?
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Ten year deal with Google, new deal with Royal Philippines Air...... Things will turn around, buy low!
Duh. Wake up and smell the COVID!
stocks trade on current earnings but guidance is actually more important. analysts think we will recover thus it's up. we will see what guidance sabre provides in the coming days...
The Drop is priced on "expectations". Those expectations were vastly missed.
So that explanation does hold up. There has to be a new data point that has come out today or late yesterday that shows some kind of light for that kind of positive movement.
I think I found it and its the same reason the airlines are up.. that latest TSA numbers were up.
Although that's a pretty stupid metric to get excited about, that's just people trying to push in a last second before school break.
This next quarter is going to be a k–ler. There's not going to be any business travel in this next quarter and there's certainly not going to be any holiday travel.
The stock price is illogical. If profit had dropped 90% then you'd expect a stock price drop of about 90%. But revenue dropped 90%. Profit is now negative. Unless something changes dramatically within the next 12 months the company will be bankrupt. The stock should reflect that. Too many speculators betting on a quick recovery.
the drop has been priced in early on as covid was starting...
we just realied that the drop that got priced in was not as bad as expected, so the stok price adjusted upward.
we are not the only company that went through this - just look around - you'd have companies reporting 50% sales and profit drops (q2 2020 vs q2 2019) and the stock would go 20% as everyone was expecting a 70% drop.