Quote:
Originally Posted by Buehler445
Hey Rainman, do you still have carnival stock? I remember you had some positions thinking it would bounce back after the pandemic.
Well it appears they have bounced back in terms of earnings, bookings, etc. The earnings are BETTER than their pre-pandemic numbers, but the stock price is still comparatively shit.
What's your thoughts on it?
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it's been a while since I looked but carnivals biggest issue used to be debt
like their debt was potentially more than the value of their ships or higher than a certain % of that value.
since Interest rates have gone up , I'd imagine this issue would be looming pretty large but I don't know for certain if that's the main reason the price is low
one other correction, their earnings is no where near pre-pandemic yet. They've been negative earnings since 2020.
I think you mean revenue... but the problem is their debt payments eat up that revenue hence no earnings , or negative earnings actually.