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Carnival Q3 - 1.7 Billion Net Loss

john91498

By john91498,
in Carnival Cruise Lines

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Lee Cruiser

Lee Cruiser

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They are also making another $1 billion stock offering.  Definitely not the time to buy.  Don't expect it to reach the $40-50 range for at least a decade if it even does so then.  The debt has skyrocketed and the value of the company has gone down considerably, while at the same time spreading that value to more and more stockholders.

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jimbo5544 "Live from...." Rare

jimbo5544

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1 hour ago, skridge said:

Many believe that Carnival has enough money to continue this in perpetuity.  I hope they can make it out of this solvent.

They will outlast all major lines.  They have just shy of 8 billion in cash.  They will be fine. They will be sailing soon.  The end. 

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Mud_Shark

Mud_Shark

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If the cruise field leans out some more in the coming months, CCL could be poised to come out of this strong - but not for a while.  If capacity continues to reduce, and demand returns, the profit margin for those still in the game will increase post COVID.  But there will be huge debt to overcome before the value of the company rises significantly.

 

Tragedy is opportunity.

 

Don

 

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Frank12

Frank12

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22 minutes ago, jimbo5544 said:

They will outlast all major lines.  They have just shy of 8 billion in cash.  They will be fine. They will be sailing soon.  The end. 

Truth.

If CCL goes under, so will every other cruise line. 

Not gonna happen.

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Moviela

Moviela

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The market priced in the news of a 2.9B Q3 loss, taking the share price down a tad under 11%. Unless you are a deep pocket investor, you might want to avoid this market until travel and entertainment companies return to earnings. 

 

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evandbob

evandbob

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All it takes is one ship to get infected once they resume cruising, so if they rush the process and not consider all negative possibilities and don't have proper remediation in place, perhaps only die hard Cruise Critic fanatics will book and ships will only be at 2% capacity.

 

They should be preparing and drilling all the crew and installing safety protocols at least a month before a paying passenger gets on board. All it takes is one slip up.....then belly up.

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jimbo5544 "Live from...." Rare

jimbo5544

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9 hours ago, HaveWeMetYet said:

This will not be the last stock dilution.

Maybe they will issue out 1 billion shares and end up as a penny stock.

Won't be the first company to go that route.

Nowhere a post based n fact, always do positive.   

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jimbo5544 "Live from...." Rare

jimbo5544

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10 hours ago, Moviela said:

The market priced in the news of a 2.9B Q3 loss, taking the share price down a tad under 11%. Unless you are a deep pocket investor, you might want to avoid this market until travel and entertainment companies return to earnings. 

 

What the heck does that mean?  Why would earnings affect anybodies travel plans.  Riddle me this Batman, how would earnings increase without cruisers?

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glrounds

glrounds

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12 hours ago, Lee Cruiser said:

They are also making another $1 billion stock offering.  Definitely not the time to buy.  Don't expect it to reach the $40-50 range for at least a decade if it even does so then.  The debt has skyrocketed and the value of the company has gone down considerably, while at the same time spreading that value to more and more stockholders.

 

Exactly. Only SPREADS the net worth of a company over more stock holders, thereby diminishing the value per share.

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strickerj

strickerj

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14 minutes ago, jimbo5544 said:

What the heck does that mean?  Why would earnings affect anybodies travel plans.  Riddle me this Batman, how would earnings increase without cruisers?

I think he/she meant not to buy the stock now, not that one shouldn't book travel.

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john91498

john91498

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12 hours ago, Moviela said:

The market priced in the news of a 2.9B Q3 loss, taking the share price down a tad under 11%. Unless you are a deep pocket investor, you might want to avoid this market until travel and entertainment companies return to earnings. 

 

 

The 2.9b is gaap, net cash is 1.7b.

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tinleypark andy

tinleypark andy

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1 hour ago, orville99 said:

Local news in Orlando this morning said that Carnival will be removing 18 ships from its fleet. We know what the first four are, but no word on which ships/brands make up the other 14.

If this is truly the case, having fewer ships to maintain is definitely one way of getting the burn rate to decrease. 

It's in the hands of the CDC...…someone high up in this organization must have have had a baddddd cruise.

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xDisconnections

xDisconnections

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10 hours ago, BlerkOne said:

The burn rate is decreasing...

 

The company expects the monthly average cash burn rate for the fourth quarter of 2020 to be approximately $530 million.

 

2 hours ago, skridge said:

Is over half a billion a month good news?

 

2 hours ago, jimbo5544 said:

The operative word is decreasing.  It is significant, they have done a remarkable job.  Your negativity is showing. 

Yes, it is good news. Once upon a time, it was closer to $1b.

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