- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Cruise Line / Airline Stocks
Posted on 7/9/21 at 4:07 pm to Marcus Aurelius
Posted on 7/9/21 at 4:07 pm to Marcus Aurelius
quote:
That is not accurate CCL is about 1/2 the price of 2020 pre Pandemic high. While the easy money has been made, several of these stocks are well below pre pandemic prices.
I assume you are joking about this. Carnival had 710 million outstanding shares on January 15, 2020. Their share price was 50.44. (Approximately 35 billion market cap). Today they have 1.15 billion shares outstanding with a share price of $24.26. (Approximately 27 billion market cap).
They are about 78% of pre pandemic market cap even though they have taken on massive debt and have not sailed in over 15 months. Their debt has tripled since 2019 to $26 billion.
Thus, they are actually priced well above pre-Covid levels when you consider dilution and debt. Notwithstanding the fact they haven’t cruised in 15 months.
This post was edited on 7/10/21 at 10:53 am
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News