ekkc10753 Posted April 2, 2020 #1 Share Posted April 2, 2020 Would it help our lovely HAL survive if we all bought some more shares of CCL? Would that help their bottom line? Are stocks an important way that companies make money and survive bad times? I'd buy some more if it would save our ships! Full disclosure: I've owned shares for years because I really like HAL, but I know nothing about structuring, restructuring, bonds etc - I looked at previous thread about "financials" and couldn't make heads or tails out of it! Link to comment Share on other sites More sharing options...
bouhunter Posted April 2, 2020 #2 Share Posted April 2, 2020 They would be better off if anyone wanting to "help" them booked a cruise. 9 Link to comment Share on other sites More sharing options...
wyobean Posted April 2, 2020 #3 Share Posted April 2, 2020 You should consult your financial planner about your own financial situation. 3 Link to comment Share on other sites More sharing options...
garycarla Posted April 2, 2020 #4 Share Posted April 2, 2020 yes, good idea. But many of us living off our 401k which took a 20% hit. Worried it will go down more. Worried that ANY stock I buy will go bust and be worth nothing. Just sayin. Link to comment Share on other sites More sharing options...
Captain_Morgan Posted April 2, 2020 #5 Share Posted April 2, 2020 the stock dropped 30% yesterday alone and is currently down 5% in early trading today... the 52 week high was approx. $56 per share and today its now just over $8 per share...i think its going to be a good while before it gets back up to those numbers if not reasonably close and purchasing stock to 'help' them is more likely going to be unhelpful to your investment portfolio in the immediate and likely near future term. 1 Link to comment Share on other sites More sharing options...
ekkc10753 Posted April 2, 2020 Author #6 Share Posted April 2, 2020 oh well, seemed like a possible good idea. I do have stock from the heady days when it sold in the $60 range and I'll buy 100 today and consider it a charitable contribution or longterm investment, depending on my mood And I'll look forward to better days at sea on our 21 day cruise booked for Feb 2021!! 4 Link to comment Share on other sites More sharing options...
Rare HappyInVan Posted April 2, 2020 #7 Share Posted April 2, 2020 Is this a dumb idea or a very dumb idea? CCL had a recent round of fund raising. Sold 3-year notes for 11.5% in interest. Sold shares (10% of shares outstanding) at $8. No wonder the share price collapsed in the last 3 days. That's what the pro are paying for CCL. As an investment, you'll be better off buying the secured debt. Almost all of the company's assets have been pledged as collateral. Don't buy the stock for a long term investment until there's a vaccine. For Happy Cruisers, you'll be better off making deposits on cruises in 2021. Minimize your exposure. Link to comment Share on other sites More sharing options...
jingle5616 Posted April 2, 2020 #8 Share Posted April 2, 2020 1 minute ago, ekkc10753 said: oh well, seemed like a possible good idea. I do have stock from the heady days when it sold in the $60 range and I'll buy 100 today and consider it a charitable contribution or longterm investment, depending on my mood And I'll look forward to better days at sea on our 21 day cruise booked for Feb 2021!! Buying stock in CCL will not help CCL. That money used in your purchase will go to the seller of the stocks, not CCL. 9 Link to comment Share on other sites More sharing options...
The Beaver Posted April 2, 2020 #9 Share Posted April 2, 2020 Carnival Corp. & plc estimates liquidity requirements of roughly $1bn per month, according to a William Blair note. The brokerage broke down the needs as Carnival Corp. acted to boost liquidity by an additional $6.45bn from notes and share offerings announced Tuesday. Combined with roughly $1.1bn from CCL's suspended dividend program, William Blair analyst Sharon Zackfia said, company management believes it has enough liquidity available through the end of fiscal 2020. https://www.seatrade-cruise.com/news/carnival-corps-liquidity-needs-about-1bnmonth-william-blair Link to comment Share on other sites More sharing options...
DaveOKC Posted April 2, 2020 #10 Share Posted April 2, 2020 From what the financial press is reporting, CCL should have enough cash to weather this storm, due to the recent stock issuance, new bonds and convertibles. HOWEVER, if the virus stays around longer than we thing OR consumers change their cruising patterns, it could get real ugly! Due to the recent dilution of the stock, we are VERY unlikely to see $50/share again for a very long time IMO. 3 Link to comment Share on other sites More sharing options...
KirkNC Posted April 2, 2020 #11 Share Posted April 2, 2020 1 hour ago, jingle5616 said: Buying stock in CCL will not help CCL. That money used in your purchase will go to the seller of the stocks, not CCL. Exactly! Link to comment Share on other sites More sharing options...
Himself Posted April 2, 2020 #12 Share Posted April 2, 2020 Is CCL stock a good buy right now? Link to comment Share on other sites More sharing options...
Boatdrill Posted April 2, 2020 #13 Share Posted April 2, 2020 2 hours ago, jingle5616 said: Buying stock in CCL will not help CCL. That money used in your purchase will go to the seller of the stocks, not CCL. Always better for a company to have a buyer than a seller. 1 Link to comment Share on other sites More sharing options...
ABoatNerd Posted April 2, 2020 #14 Share Posted April 2, 2020 With people losing 20-50% of their life savings, not buying any discretionary spending shares. Neither will I be booking a cruise anytime in the future, for many reasons, not all related to the virus. Fundamental services and products only. Link to comment Share on other sites More sharing options...
Rare cbr663 Posted April 2, 2020 #15 Share Posted April 2, 2020 9 minutes ago, Himself said: Is CCL stock a good buy right now? Depends on your financial goals. If your goal is to make a quick buck and buy it $8.00 and sell it if it goes to $9 or $10 - maybe. If your goal is to hold it long term hoping that it will return to $50, well, you are betting it will still exist long term. There is so much uncertainty in the world today that personally, that isn't one I would roll the dice on. Link to comment Share on other sites More sharing options...
ezd222 Posted April 2, 2020 #16 Share Posted April 2, 2020 3 hours ago, ekkc10753 said: Would it help our lovely HAL survive if we all bought some more shares of CCL? Would that help their bottom line? Are stocks an important way that companies make money and survive bad times? I'd buy some more if it would save our ships! Full disclosure: I've owned shares for years because I really like HAL, but I know nothing about structuring, restructuring, bonds etc - I looked at previous thread about "financials" and couldn't make heads or tails out of it! As someone who understands the financials, they are not good. The restructuring deal while necessary was done on poor terms. If you want to support HAL buy cruises, not stock. They need to show demand to the street. Once they do that, institutional will by the stock in bulk and that will ultimately drive the stock price up. It's critical for upcoming earning reports/call that new demand still exists. If not large buyers will continue the selloff. 1 Link to comment Share on other sites More sharing options...
ekkc10753 Posted April 2, 2020 Author #17 Share Posted April 2, 2020 I have a deposit on a 21 day winter cruise in 2021, maybe then instead of buying 100 shares at $8, I'll make a deposit on another cruise! It'll give us something to look forward to while we wait for the governor of PA to allow liquor sales to resume in our state and might help demonstrate demand too! Link to comment Share on other sites More sharing options...
Paulinda Posted April 2, 2020 #18 Share Posted April 2, 2020 1 hour ago, Himself said: Is CCL stock a good buy right now? Well Father, it's a very risky investment right now. Hopefully a covid 19 vaccine will be developed soon. warmer weather will lessen the number of new covid 19 cases and a cure for those suffering from the affects of the illness will be found. Those factors will determine if and when CCL is a good stock to own. Best wishes Link to comment Share on other sites More sharing options...
Sailor Taylor Posted April 2, 2020 #19 Share Posted April 2, 2020 I bought back when it was 40 something. 😭 Still if CCL survives I think it's a good buy. But I'd want a few more weeks of not months to be sure. For me at least it will neutralize my bad buy at 40 a little. Link to comment Share on other sites More sharing options...
Rare skittl1321 Posted April 2, 2020 #20 Share Posted April 2, 2020 I've thought about purchasing, because I do think CCL will continue to exist as a company. However, if they declare bankruptcy and reorganize, that stock is worth zero. In the past I've wanted to buy stock for on board credit on Carnival; but that program is not a given (nor are it's dividends). I'm no longer cruising Carnival, but have looked at HAL (for Antartica) and Princess. In the end, I think it's too much of a gamble for me. $800 isn't much to lose, but I think the chance of bankruptcy to discharge debt is very real. Link to comment Share on other sites More sharing options...
Jimbo59 Posted April 2, 2020 #21 Share Posted April 2, 2020 If cruise companies go bankrupt, their stock becomes worthless. Link to comment Share on other sites More sharing options...
Rare LMaxwell Posted April 2, 2020 #22 Share Posted April 2, 2020 4 hours ago, Himself said: Is CCL stock a good buy right now? Too much volatility prevents it from being a "good" buy. It is merely "cheap". Whether that is good or not depends on your investment strategy and whether you are buying it with play money, or money you can not afford to lose. 1 Link to comment Share on other sites More sharing options...
drowelf Posted April 3, 2020 #23 Share Posted April 3, 2020 9 hours ago, jingle5616 said: Buying stock in CCL will not help CCL. That money used in your purchase will go to the seller of the stocks, not CCL. Correct. Only when a company does an IPO or issues additional shares of stock, does the money go directly to the corporation. Now CCL did just issue an additional 1.5B? Shares, so any recent purchase may have contributed to the company coffers, but most like went to some other investor. I jumped back in today at about $8, so will see how it does over the next few years. Don't expect any dividends for quite a while, but if the industry recovers any, I should make some $$$. 1 Link to comment Share on other sites More sharing options...
JeffElizabeth Posted April 3, 2020 #24 Share Posted April 3, 2020 5 hours ago, Jimbo59 said: If cruise companies go bankrupt, their stock becomes worthless. At $8 a share, I am willing to take the risk. Link to comment Share on other sites More sharing options...
Rare richwmn Posted April 3, 2020 #25 Share Posted April 3, 2020 55 minutes ago, drowelf said: Correct. Only when a company does an IPO or issues additional shares of stock, does the money go directly to the corporation. Now CCL did just issue an additional 1.5B? Shares, so any recent purchase may have contributed to the company coffers, but most like went to some other investor. I jumped back in today at about $8, so will see how it does over the next few years. Don't expect any dividends for quite a while, but if the industry recovers any, I should make some $$$. Carnival Corp is issuing new shares MIAMI, March 31, 2020 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, today announced that Carnival Corporation (the "Corporation") has commenced an underwritten public offering of $1.25 billion of shares of common stock of the Corporation. The Corporation intends to grant the underwriters an option to purchase up to $187.5 million of additional shares. The Corporation expects to use the net proceeds from the offering for general corporate purposes. https://www.nasdaq.com/press-release/carnival-corporation-plc-announces-offering-of-common-stock-2020-03-31 so the proceeds from the sale of the new issue would go directly to the Corporation (they are the seller). Link to comment Share on other sites More sharing options...
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