john91498 Posted September 15, 2020 #1 Share Posted September 15, 2020 Hope they can hold out: https://finance.yahoo.com/m/1b5479f1-6f1a-3015-99b4-92bec8b8b604/carnival-s-shares-sink-like-a.html Link to comment Share on other sites More sharing options...
skridge Posted September 15, 2020 #2 Share Posted September 15, 2020 1 hour ago, john91498 said: Hope they can hold out: https://finance.yahoo.com/m/1b5479f1-6f1a-3015-99b4-92bec8b8b604/carnival-s-shares-sink-like-a.html Many believe that Carnival has enough money to continue this in perpetuity. I hope they can make it out of this solvent. Link to comment Share on other sites More sharing options...
coevan Posted September 15, 2020 #3 Share Posted September 15, 2020 16 minutes 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. You do know what perpetuity is? 3 2 Link to comment Share on other sites More sharing options...
tidecat Posted September 15, 2020 #4 Share Posted September 15, 2020 Carnival has $8.2 Billion in cash and equivalents on hand. At a burn rate of $650 Million/month, that is a little over 12 months. I believe this quarter didn't pick up any European sailings, so this should improve next quarter. 3 Link to comment Share on other sites More sharing options...
xDisconnections Posted September 16, 2020 #5 Share Posted September 16, 2020 Buy the dip. Link to comment Share on other sites More sharing options...
Lee Cruiser Posted September 16, 2020 #6 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
xDisconnections Posted September 16, 2020 #7 Share Posted September 16, 2020 (edited) 1 minute ago, Lee Cruiser said: They are also making another $1 billion stock offering. Oh wow. Edited September 16, 2020 by xDisconnections Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted September 16, 2020 #8 Share Posted September 16, 2020 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. 4 Link to comment Share on other sites More sharing options...
Mud_Shark Posted September 16, 2020 #9 Share Posted September 16, 2020 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 Link to comment Share on other sites More sharing options...
Frank12 Posted September 16, 2020 #10 Share Posted September 16, 2020 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. 2 Link to comment Share on other sites More sharing options...
Moviela Posted September 16, 2020 #11 Share Posted September 16, 2020 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. Link to comment Share on other sites More sharing options...
evandbob Posted September 16, 2020 #12 Share Posted September 16, 2020 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. 3 Link to comment Share on other sites More sharing options...
HaveWeMetYet Posted September 16, 2020 #13 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
Rare BlerkOne Posted September 16, 2020 #14 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
skridge Posted September 16, 2020 #15 Share Posted September 16, 2020 7 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. Is over half a billion a month good news? Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted September 16, 2020 #16 Share Posted September 16, 2020 11 minutes ago, skridge said: Is over half a billion a month good news? The operative word is decreasing. It is significant, they have done a remarkable job. Your negativity is showing. 2 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted September 16, 2020 #17 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted September 16, 2020 #18 Share Posted September 16, 2020 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? Link to comment Share on other sites More sharing options...
glrounds Posted September 16, 2020 #19 Share Posted September 16, 2020 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. Link to comment Share on other sites More sharing options...
strickerj Posted September 16, 2020 #20 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted September 16, 2020 #21 Share Posted September 16, 2020 22 minutes ago, strickerj said: I think he/she meant not to buy the stock now, not that one shouldn't book travel. Sure makes more sense that way. 2 Link to comment Share on other sites More sharing options...
Rare orville99 Posted September 16, 2020 #22 Share Posted September 16, 2020 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. Link to comment Share on other sites More sharing options...
john91498 Posted September 16, 2020 Author #23 Share Posted September 16, 2020 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. Link to comment Share on other sites More sharing options...
tinleypark andy Posted September 16, 2020 #24 Share Posted September 16, 2020 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. 1 Link to comment Share on other sites More sharing options...
xDisconnections Posted September 16, 2020 #25 Share Posted September 16, 2020 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. 2 Link to comment Share on other sites More sharing options...
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