Yes I can't believe it either, this plant is not particulary robust. I have had it about 1.5 years.
But it put out one smallish growth this spring and glory be it has a sheath. I have about 5 cattleya and did not expect this one to sheath. Let's see if it blooms
update

There is a bud in there after all. I'm concerned because it has a way to go and it is Fall in North Carolina. I have a few orchids in bud and they seem to be slowing development with the cooler temps. They may blast in the cold or blast if I move them.