Carnival posts loss, shares sink

[zephyrhillscruisers]

Sorry, don't agree with your fundamentals or post.

We too won a free cruise. I read the cc ALL THE TIME and never saw or felt attacked and NEVER personally. Sorry if you did.

 

Management deleted the most offensive of the threads within a few hours.

[snc_cam]

That was the speech he was supposed to give you before you headed out to the casino. ;)

 

Ah, but he did... which is why I don't go to the casinos :) Besides, the stock market is the biggest casino to play :)

[crewsweeper]

Please note that Carnival Lines is not just Carnival ships, but Hal and Princess, Costa, Seaborn, P&O and others.

 

Also note that the losses reported were NOT due to loss of passenger revenue, free cruises, etc.. Rather due to losses in fuel derivatives. This means that Carnival's lines were attempting to hedge against HIGHER fuel costs which did not occur. Such hedging is normal procedures for any transportation company as if reducing the impact of spikes and longer term higher fuel costs on their customer base.

 

And yes stocks do typically fall if earning are less than what Wall Street analysts are predicting and Wall Street analyst are generally off in earning projections. Company's with reported earning of even a penny or two below estimates can see short term dips in stock prices.

 

If you are buying Carnival, or any stock, for investment purposes, you need to do your own due diligence and research and make sure the company and it's prospects meet your criteria and results are geared toward long term earnings growth or sustainable dividend income, or both.

 

If you are buying Carnival shares for the OBC and do cruise on Carnival ships frequently enough to make that benefit "pay", then use dips to buy your shares and don't fret on price drops going forward, unless you are deciding that Carnival ships no longer meet your personal cruising needs. Even then, a sales when the market is down, or your holdings is at a slight loss, could have tax benefits.

[ibcnusoon]

Micky Meir Arison sold 677,077 shares of Carnival Corp. stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $40.18, for a total value of $27,204,953.86.

 

http://www.sec.gov/Archives/edgar/data/815097/000095014214000710/xslF345X01/es1400444_4-arison.xml

[Aftastic]

I'm long on CCL, but I am not buying anymore until it drops to $35, and then I am scooping up everything possible. Got to burn some of that cash sitting around I made from SAM.

Edited March 26, 2014 by Aftastic

[guxu]

Some numbers here,

 

Passenger Tickets: Passenger Tickets revenues in the quarter dropped 0.5% year over year to $2.7 billion.

 

Onboard and Other: Onboard and Other revenues were $850.0 million, up 0.7% year over year. (Onboard and Other revenues are far smaller than Passenger Tickets revenues. The gain on onboard spending cannot offset the tickets revenues's drop.)

 

Tour and Other: The revenues declined 11.1% year over year to $8.0 million.

 

Operating income was $72 million in the reported quarter, down 50.3% year over year as a result of higher operating costs and expenses.

 

Fuel price was $654 per metric ton in the quarter, down 3.4% year over year, while fuel consumption declined 4.8% year over year.

[EZ4]

while fuel consumption declined 4.8% year over year.

 

A conspiracy of missed ports and being able to sail at slower speeds as a result. ;)

[Vitamin_Sea]

Has not dropped much IMO. It was -$35 about 2/3 months ago.