Down over $2 to a whopping $7...after announcing a worse than predicted quarter...whats next for the beancounters?? limiting guests to one meal per day?? FWIW, the others didn't fare much better...
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Contributor Level:
Cruise Director
CCL STOCK TANKS...AGAIN
23 Answers
Contributor Level:
Cruise Director
IMHO that would be even worse. As long as they make the interest payments, and the EBITDA is strong, folks will grumble, or continue to short it anyway. Make all kinds of $$ betting a stock will go down. BTW, nice to see a "clean" board again eh?
Contributor Level:
Staff Captain
Wow .. just saw this, this morning. Might explain the why.
This is from a FB post from Cruise Law News, "Carnival Corporation has now reported a loss for every single quarter since fiscal 2Q 2020, with losses wider than expected in all but one of those quarters. Revenue has now missed expectations for ten (10) straight quarters."
Money people don't usually like to hear that. Possible change of management?
Contributor Level:
Staff Captain
I saw this earlier. Is it really surprising though? And add in that the current weather trends certainly do not help moving forward. They have been skating on the edge of the keel for some time because they may be the biggest but that also made them the most extended and that is what is drawing them down. They are carrying way too much debt and interest rates are on the rise ....
The market is fearful.
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23 Answers