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Started By
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Carnival cruise lines
Posted on 3/17/20 at 7:06 pm
Posted on 3/17/20 at 7:06 pm
Is it worth buying now or do you think it will go down a lot more?
4
Posted on 3/17/20 at 7:12 pm to BossierBayouBengal
I mean I'd flip a coin here. It's a non-essential industry which means government aid is NOT coming. This lasts a couple months because certain regions choose not to take the appropriate measures it can go to zero.
You'll get an opportunity to buy some beaten up names on the other side. Don't rush.
You'll get an opportunity to buy some beaten up names on the other side. Don't rush.
This post was edited on 3/17/20 at 7:23 pm
Posted on 3/17/20 at 7:13 pm to Sluuuu
quote:
You'll get an opportunity to by some beaten up names on the other side. Don't rush.
Totally agree with this
Posted on 3/17/20 at 7:14 pm to Sluuuu
quote:
It's a non-essential industry which means government aid is NOT coming.
Trump has hinted that aid will go to them and the other cruise lines. Now... that's just talk at this point. But apparently the reason they agreed to shut down was because of a promise of relief.
Posted on 3/17/20 at 7:16 pm to Sluuuu
quote:
It's a non-essential industry which means government aid is NOT coming.
They will get relief. Maybe not as much as the airlines, but they vacation millions of American's a year.
I own 100 shares I bought at $29 back in 2010. It got up around $70 about 2 years ago I think. I bought it for the OBC, so I have made up my investment already, but I am shocked it has gone down this low.
Probably more downside still.
This post was edited on 3/17/20 at 7:18 pm
Posted on 3/17/20 at 7:20 pm to kywildcatfanone
quote:
They will get relief. Maybe not as much as the airlines, but they vacation millions of American's a year.
Can only raise so much capital, it's not a key industry. Someone, will acquire the assets if it comes to that.
Posted on 3/17/20 at 8:07 pm to LSUFanHouston
quote:
Trump has hinted that aid will go to them and the other cruise lines.
WHY? The mass of their employee base is foreigners. Why we would subsidize the cruise industry is beyond me.
Posted on 3/17/20 at 8:14 pm to BossierBayouBengal
They got a good balance sheet and all operations are ceased so they aren't bleeding money
Posted on 3/17/20 at 8:31 pm to GeauxZone90
quote:
They got a good balance sheet
I keep seeing this posted about random companies. I'm curious, do you analyze the balance sheet?
I ask because I just looked and they currently only have about $500 mil in cash, and $2 bil in current assets.
Yet they have $230 mil in short term debt, almost $1.7 bil in "current" long term debt, and over $750 mil in accounts payable.
That balance sheet does not scream "we can't go bankrupt". I didn't dive in deep so perhaps I'm missing something.
This post was edited on 3/17/20 at 8:32 pm
Posted on 3/17/20 at 8:58 pm to rintintin
They got 26 billion in retained earnings along with stocks in equity to raise capital if needed
This post was edited on 3/17/20 at 8:59 pm
Posted on 3/17/20 at 10:09 pm to GeauxZone90
quote:
They got 26 billion in retained earnings
Yes that's good, but retained earnings is not a measure of liquidity. By looks of their financial statements they invest most of their earnings back into the company, which is probably out of necessity. They have enormous capital expenditures with their ships.
They're a "large asset" rich company. A few quarters of crummy sales (which is likely) could be painful.
Posted on 3/17/20 at 10:27 pm to rintintin
quote:It’s owed to the stockholders. Stockholders equity…
Yes that's good, but retained earnings is not a measure of liquidity.
Posted on 3/17/20 at 10:28 pm to rintintin
They also have foreign flagged vessels with largely non-U.S. employees. Probably won’t be first in line
Posted on 3/17/20 at 10:45 pm to tigerpawl
quote:
It’s owed to the stockholders. Stockholders equity…
Yes, but do you think all $26 bil is just sitting there in cash ready to give out to stockholders?
This post was edited on 3/17/20 at 10:46 pm
Posted on 3/17/20 at 10:56 pm to rintintin
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 on 3/17/20 at 11:15 pm to BossierBayouBengal
Carnival or Royal Caribbean ?
Posted on 3/17/20 at 11:26 pm to Jake88
Carnival
Posted on 3/18/20 at 7:18 am to GeauxZone90
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.
Posted on 3/18/20 at 7:22 am to Sluuuu
quote:
I mean I'd flip a coin here. It's a non-essential industry which means government aid is NOT coming
Aren’t these offshore companies that don’t really pay high taxes and hire foreign citizens for crew members? Not sure why the US would bail them out of anything.
Posted on 3/18/20 at 7:28 am to kywildcatfanone
quote:
I bought it for the OBC, so I have made up my investment already,
how often do you cruise? I just saw OBC mentioned for the first time a few weeks ago so I looked into it. I saw $50 per cruise 6 days or less. That's a lot of cruises to recoup your initial investment
This post was edited on 3/18/20 at 7:29 am
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