Trading on 6/30 at 7.90 USD, below a 52-week low.
The sentiment seems to be negative about CCL and I'm curious if there isn't a long-term play here.
Carnival was hit hard by the pandemic of course and is now saddled, like other cruises, with large debts. There is also the present issue of inflation and oil price, and possible post-pandemic worries about cruise ships. But given Q2 reports and their liquidity:
"The company released its second-quarter financial results last week, which included a loss of $1.8 billion. But sales rose 50% compared to the prior quarter, and the company also stressed that it has ample cash on hand with $7.5 billion of liquidity on its balance sheet." (https://www.cnn.com/2022/06/29/investing/carnival-stock-morgan-stanley/index.html)
Will they not be able to stave off this low point and recover their footing?
Do we think that cruise ships are a dying/ dead industry? Even if younger people aren't as interested, will there not always be older adults interested?
Submitted June 30, 2022 at 11:48PM by Camjd10 https://ift.tt/1a7vY50
