The Hospitality Industry has been one of the hardest hit sectors due to Covd19 and the Cruise Industry has taken an absolute beating. While other companies were hit, they were able to recuperate some of the losses in aid received from the Feds stimulus care package. However, the cruise industry did not receive any bail out funds since they're registered in foreign countries outside of the US.
Remember Carnival is still the global leader in the cruise business. The Company's North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess), and Seabourn. They also own AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia), P&O Cruises and ship operations of Fathom, and Holland America Princess Alaska Tours.
"CCL has taken on an additional $4 billion in debt and sold 71.9 million shares of stock. We also saw Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival expecting it to recover. Carnival Corporation's fleet of 100+ ships are not currently operating, so there are costs but no revenues, resulting in significant negative cash flows in 2020. The big risk really is if Carnival Corporation cannot resume operations by 2021, as their cash will begin to run low."
Technical Analysis:
We're not in a rush to buy here just yet. If we do, we like the $8-$7 region. Remember CCL is down over 80% from its 2017 peak, so there is definitely a lot of room for upside if CCL can stay afloat and avoid bankruptcy.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Remember Carnival is still the global leader in the cruise business. The Company's North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess), and Seabourn. They also own AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia), P&O Cruises and ship operations of Fathom, and Holland America Princess Alaska Tours.
"CCL has taken on an additional $4 billion in debt and sold 71.9 million shares of stock. We also saw Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival expecting it to recover. Carnival Corporation's fleet of 100+ ships are not currently operating, so there are costs but no revenues, resulting in significant negative cash flows in 2020. The big risk really is if Carnival Corporation cannot resume operations by 2021, as their cash will begin to run low."
Technical Analysis:
We're not in a rush to buy here just yet. If we do, we like the $8-$7 region. Remember CCL is down over 80% from its 2017 peak, so there is definitely a lot of room for upside if CCL can stay afloat and avoid bankruptcy.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.