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re: Carnival cruise lines

Posted on 3/17/20 at 10:56 pm to
Posted by GeauxZone90
Baton Rouge
Member since Jul 2010
2953 posts
Posted on 3/17/20 at 10:56 pm to
They could sell one of their many ships if needed. They will be fine. I don't think you realize how big carnival is along with all their other sub companies or borrow from the bank. People are in panic mode about this virus. We won't live in fear forever.
This post was edited on 3/17/20 at 11:02 pm
Posted by rintintin
Life is Life
Member since Nov 2008
16203 posts
Posted on 3/18/20 at 7:18 am to
quote:

They could sell one of their many ships if needed. They will be fine. I don't think you realize how big carnival is


I indeed do though. I'm not saying they'll cease to exist, I'm contemplating throwing money into them too.

I'm just arguing the "they have a strong balance sheet" point. They really don't from a liquidity standpoint. Selling ships is not a strategy derived from a strong balance sheet.
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