Yes, but CCL at 14.32?
Quote from: Carnival Will Take Time to Recover From Covid-19 Ship Outbreak (msn.com) :
It was recently discovered that Covid-19 was found on board a Carnival cruise. The U.S. Centers for Disease Control and Prevention (CDC) has launched an inquiry. As a result, in the last five trading days, Carnival Corp’s (NYSE:CCL) stock fell 15.5%, and it doesn’t look like the losses will stop anytime soon.
Covid! On a ship! That explains 15.5% easily. I wonder how much the author gets paid for this insight.
I did some wild calculations. At $14.32, a market cap of 16.6 billion, it's even not impossible for Poland (maybe with the help of the EU) to buy CCL, and have of-the-shelve housing for 223,000 Ukrainian refugees on 87 ships. And those are "lower berths", but when anchored in their own waters every couch can be used, and cradles installed, without looking at official maximum capacity (based on available life boats). Let's say 300k places to sleep with all facilities to feed everyone at the Lido Deck, 55k per person. I'm not in the hotel business, but that sounds really low to me. 3 years at $50/person/night and the property is paid (and a bizarre situation where Poland itself can guarantee 100% occupancy). Certainly, some entrepreneurs will find profitable uses for Casino, MDR, Theatre, and spa, and pay good rent to exploit those, too.
Once the war is over, RCCL would be more than happy to buy the ships, and have them dry docked and ready to sell Tanzanite again. And to hire many previous CCL-employees. They wouldn't mind CCL not competing for a while either, so they could even subsidize Poland to get rid of most competition, and have raised prices for a while.
Not saying this is a likely event, but it would be very cool 🙂