VibeGuy Posted March 30, 2023 #101 Share Posted March 30, 2023 Weird that Adora gets new ships. One would assume the 30% equity partner has to contribute capital to such things. Link to comment Share on other sites More sharing options...
Guest ldtr Posted March 30, 2023 #102 Share Posted March 30, 2023 (edited) 8 hours ago, VibeGuy said: Weird that Adora gets new ships. One would assume the 30% equity partner has to contribute capital to such things. Not necessarily. It appears that CCL contributed a couple of existing ships to the joint venture. It also appears that CCL provided the ship design, of the ship being built in China. But nothing else on any of the financial reports. Considering those contributions more likely the Chinese company funding the new build. Edited March 30, 2023 by ldtr Link to comment Share on other sites More sharing options...
Princessfan20 Posted March 30, 2023 #103 Share Posted March 30, 2023 On 3/29/2023 at 6:38 AM, chisoxfan said: Fundamentals mean little in this market. It all depends on the Fed and I would not bet on these Bozos, who have pretty much missed every call in the past decades, to make the correct call. ldtr makes a good point regarding deposits but I view it as a negative in some ways. Yes, free money but it also locks in pricing in for years. If you see a recession coming (or here) one could draw a conclusion that many of these deposited future trips could disappear. There was certainly a rush to travel and unprecedented $$$ thrown into the Covid economy that people could not wait to spend. This could turn around quickly in a downturn and/or high inflation economy. Anyway CCL stock and the economy probably not relevant to the CC site but I do enjoy seeing posters views of this and how divergent they can be. Also, another factor besides the Fed is what happens if the looming US Debt Ceiling is not met which could send the world financial markets and world economy into turmoil. There is a lot a play that could impact the travel industry. Link to comment Share on other sites More sharing options...
Guest ldtr Posted March 30, 2023 #104 Share Posted March 30, 2023 12 minutes ago, Princessfan20 said: Also, another factor besides the Fed is what happens if the looming US Debt Ceiling is not met which could send the world financial markets and world economy into turmoil. There is a lot a play that could impact the travel industry. Now that could shift things dramatically to the worse. Expect similar games of chicken as have occured in the past. Link to comment Share on other sites More sharing options...
Guest ldtr Posted March 30, 2023 #105 Share Posted March 30, 2023 For those that think that alternatives to cruising are cheaper. Earlier this morning I was listening to CNBC and they mentioned that new hotel starts are down 18% below last year. They mentioned how that might impact inflation in hotel pricing since the average room rate was up 64% over the last year. Link to comment Share on other sites More sharing options...
Guest ldtr Posted March 30, 2023 #106 Share Posted March 30, 2023 Now that the full 10Q has been released I took a look at the cost of food and fuel for all CCL lines and compared it to pre-covid in 2019. In 2019 the cost of food per passenger day was $12.02 in the last quarter it was $15.4 up 26% In 2019 the cost of fuel per passenger day was 17.08 in the last quarter it was $26.5 up 55% Now part of fuel increase is due to the lower occupancy rate that that would account for about 7% of the increase when measured per passenger. The good news is that oil prices have been dropping so the numbers for fuel for the next quarter should be better Link to comment Share on other sites More sharing options...
VibeGuy Posted March 31, 2023 #107 Share Posted March 31, 2023 Eggs, lettuce/leafy greens, frozen potato products, poultry and cooking oils were disproportionately skewing food costs for every foodservice operation in North America but the National Restaurant Association thinks we are in a downward trend at the moment. I would not be surprised to see at least a dollar of that delta be on just those five commodities. Fuel has to be just killing Cunard/Costa/AIDA/P&O with the situations there and their particular mix of itineraries and hardware mandating cleaner, scarcer fuels in a challenging environment for LNG and low sulfur diesel/MGO in Europe. Carnival used to have a fairly sophisticated hedging strategy for fuel - I wonder how much of that they’re really able to do with their cash and credit picture these days. Link to comment Share on other sites More sharing options...
Guest ldtr Posted March 31, 2023 #108 Share Posted March 31, 2023 Took a look at revenue per passenger day including both fares and onboard spend. 2019 Revenue was 214.75 per passenger day Most recent quarter was 219.4 per passenger day for an increase of 2.1% Now this most recent quarter was until the end of Feb. We started to start seeing the onboard spend increases in March so it will be interesting to see how the numbers come out next quarter. What it does indicate is that cost increases have really not occurred in general as of this last quarter. This still reflects a focus on occupancy. Link to comment Share on other sites More sharing options...
Rare Ombud Posted April 11, 2023 #109 Share Posted April 11, 2023 On 3/26/2023 at 12:12 AM, Shawn5 said: So it's no secret that cruise lines' stock prices are in the toilet. This chart shows CCL's stock price vs. the S&P500 since 2020. Certainly the pandemic didn't help, but you can't help wondering if there are other factors at play. One thing might be their lousy customer service and the way they treat current and past travelers. Unless you're classified as an "Elite, Platinum, etc." they couldn't care less about you. Try calling them with a simple request or question and you'll get nowhere. Perhaps they should provide better customer service to those who are spending $3k, $5k, or maybe over $10k on a cruise instead of "escalating" your question or issue to a different person or department that may or most likely will not resolve your problem. Interesting article on debt: https://finance.yahoo.com/news/carnival-cfo-plans-skip-debt-174909399.html 1 Link to comment Share on other sites More sharing options...
Guest ldtr Posted April 11, 2023 #110 Share Posted April 11, 2023 29 minutes ago, Ombud said: Interesting article on debt: https://finance.yahoo.com/news/carnival-cfo-plans-skip-debt-174909399.html Now that they are getting back to normal operations and have operations cash flow positive better to use a major portion of the deposits for debt reduction, instead of just sitting on their balance sheet. Next quarter should be showing positive cash flow over all. Link to comment Share on other sites More sharing options...
Rare Ombud Posted April 11, 2023 #111 Share Posted April 11, 2023 1 minute ago, ldtr said: 32 minutes ago, Ombud said: Interesting article on debt: https://finance.yahoo.com/news/carnival-cfo-plans-skip-debt-174909399.html Now that they are getting back to normal operations and have operations cash flow positive better to use a major portion of the deposits for debt reduction, instead of just sitting on their balance sheet. Next quarter should be showing positive cash flow over all. Interesting stmt: "We expect to keep paying down debt,” Bernstein said. “We should be well positioned and not have the need to refinance in the next two to three years." 1 Link to comment Share on other sites More sharing options...
chisoxfan Posted April 12, 2023 #112 Share Posted April 12, 2023 13 hours ago, Ombud said: Interesting article on debt: https://finance.yahoo.com/news/carnival-cfo-plans-skip-debt-174909399.html Thanks for sharing article which was interesting. One commentator (IMHO) was spot on regarding assessment of same: Comical. CCL isn't chipping away at their debt. They are using customer deposits to temporarily pay off short term debt. Every quarter long term debt continues to increase. This last quarter book value, tangle assets, and equity dropped by another $900Million. Total debt increased by $600Million. Total liabilities increased by $1.2Billion. Cash including customer deposits has peaked. And look at that free cash flow this last quarter. MINUS $687Million. They are just blowing smoke. Trade this high beta bankrupt trash, but never hold it. CCL is finished. 1 Link to comment Share on other sites More sharing options...
Rare LACruiser88 Posted June 28, 2023 #113 Share Posted June 28, 2023 CCL stock closed at a post-pandemic high today. Company: Carnival CorporationTicker: CCLExchange: NYSELast Trade: $17.29Change: 1.4% Change: +8.81%Volume: 96,007,140Day's High: $17.48Day's Low: $15.88Previous Close: $15.89 2 Link to comment Share on other sites More sharing options...
Rare Ombud Posted June 28, 2023 #114 Share Posted June 28, 2023 (edited) CUK is at 15.60 up from 52 week low of 5.43 (I'm in at 6.50 so not the lowest but I'm satisfied) Edited June 28, 2023 by Ombud 1 Link to comment Share on other sites More sharing options...
damiross Posted June 28, 2023 #115 Share Posted June 28, 2023 1 hour ago, LACruiser88 said: CCL stock closed at a post-pandemic high today. Company: Carnival CorporationTicker: CCLExchange: NYSELast Trade: $17.29Change: 1.4% Change: +8.81%Volume: 96,007,140Day's High: $17.48Day's Low: $15.88Previous Close: $15.89 Of course they did.😃. I sold all but 100 sales last week. I still made a decent profit, though. 2 1 Link to comment Share on other sites More sharing options...
Micahs Grandad Posted June 28, 2023 #116 Share Posted June 28, 2023 Cruise enough the obc will more than pay for the cost of the stock. 1 Link to comment Share on other sites More sharing options...
Rare ontheweb Posted June 29, 2023 #117 Share Posted June 29, 2023 Wow, up to a little over half what we paid for it. OTOH, some bought it when it was basically twice as much as we paid. Link to comment Share on other sites More sharing options...
Rare LACruiser88 Posted June 29, 2023 #118 Share Posted June 29, 2023 21 minutes ago, Micahs Grandad said: Cruise enough the obc will more than pay for the cost of the stock. We have more than 10x our original investment via the OBC's. 8 Link to comment Share on other sites More sharing options...
justafem Posted June 29, 2023 #119 Share Posted June 29, 2023 We invested $1000 so we could get the $100 fidelity was offering for the grand of funding. Bought 100 shares at $8.20, then waited for the bonus. Then stock tanked again and we bought 30 more shares. We own 130.162 shares that are 'worth' $2250 today. If we sold our extra 30 shares, we'd recoop more than half of what we paid. This was throwaway money after we were refunded for our trip from hell (Feb 21, 2020 Grand Princess Hawaii cruise). We've gotten 3-4 times our investment back as onboard credit. Maybe IF the price goes to where I make up the original grand, we'll sell the 30 shares, maybe not. I'm kinda digging on watching it go up and down. 1 Link to comment Share on other sites More sharing options...
Rare Ombud Posted June 29, 2023 #120 Share Posted June 29, 2023 (edited) @Micahs GrandadExactly!! I traded CCL (a lot) in my IRA to wipe out a loss (bought 56 -- had 1.5k OBC sold at 9 so lost 3200 less dividends / then traded a bunch back & forth to recover) finally bought CUK in the brokerage account. Reeped over 1500 OBC so far with another 500 already logged in. Don't really worry about it anymore as the shareholder OBC is like a non-taxable dividend for a stock I've been reimbursed for (yeah I know I'm wrong but that's how I view it) Edited June 29, 2023 by Ombud 1 Link to comment Share on other sites More sharing options...
Micahs Grandad Posted June 29, 2023 #121 Share Posted June 29, 2023 26 minutes ago, Ombud said: @Micahs GrandadExactly!! I traded CCL (a lot) in my IRA to wipe out a loss (bought 56 -- had 1.5k OBC sold at 9 so lost 3200 less dividends / then traded a bunch back & forth to recover) finally bought CUK in the brokerage account. Reeped over 1500 OBC so far with another 500 already logged in. Don't really worry about it anymore as the shareholder OBC is like a non-taxable dividend for a stock I've been reimbursed for (yeah I know I'm wrong but that's how I view it) Have looked at it as a non taxed dividend for years and even though behind now on stock price have tripled our money at least on obc. 4 Link to comment Share on other sites More sharing options...
gvre Posted June 29, 2023 #122 Share Posted June 29, 2023 (edited) I bought a lot of shares a couple of months ago at $9 when I realized that most of the cruises I want to take this summer in a mini-suite or suite were fully booked and starting to book up quickly for next year. It was a dead give away things were going in their direction. Edited June 29, 2023 by gvre 2 Link to comment Share on other sites More sharing options...
Micahs Grandad Posted June 29, 2023 #123 Share Posted June 29, 2023 10 hours ago, gvre said: I bought a lot of shares a couple of months ago at $9 when I realized that most of the cruises I want to take this summer in a mini-suite or suite were fully booked and starting to book up quickly for next year. It was a dead give away things were going in their direction. Not sure they are out of the woods as they still have a huge debt on their books but do enough cruising and will get back the money you paid for the stock. Only negative is they keep raising auto tips and other things that we do so obc does not go as far as it used to. Link to comment Share on other sites More sharing options...
Prost Seattle Posted June 30, 2023 #124 Share Posted June 30, 2023 I purchased 100 shares @ $9.85 and with my $250 SOBC I’ve essentially doubled my money. I’m happy, and I’ll be happier when I have a cocktail in hand and looking at waves. 1 Link to comment Share on other sites More sharing options...
Sweetrosie Posted June 30, 2023 #125 Share Posted June 30, 2023 3 hours ago, Prost Seattle said: I purchased 100 shares @ $9.85 and with my $250 SOBC I’ve essentially doubled my money. I’m happy, and I’ll be happier when I have a cocktail in hand and looking at waves. Lol I bought at 9.85 too... will see u on our sept 30 cruise! Link to comment Share on other sites More sharing options...
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