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Here's a scarey headline for CCL stockholders: Carnival Stock Could Fall to $0 in a Worst Case Scenario

cruising deacon

By cruising deacon,
in Princess Cruises

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cruising deacon

cruising deacon

Posted
Posted

With online chat abounding regarding CCL possibly filing for bankruptcy, the future for Princess etc looks bleak.  If you look at the recent breakup of Crystal, the creditors and mortgage holders will end up taking whatever little the bankruptcy gets, the stockholders of will get nothing.

 

With the $20 B debt that CCL is carrying, even the mortgage holders will be lucky to get pennies on the dollar.  How many companies out there want to buy cruise ships that are quickly becoming worthless, and the scrap yards are already full of them.  Fortunately I have gotten my money's worth out of those shares between the dividends and the OBC', but it really bites me that their management hasn't done a better job.  I was on the Crown recently, no one who sails it will ever return.

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seeyouinthesun

seeyouinthesun

Posted
Posted

*opinion*

I feel Princess should be getting more from John Padgett than what they are getting. Sacrificing quality for quantity is a questionable tactic for running a premium line. The crew are saving the company as best they can and most likely will not be thanked by management for it.

*opinion*

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wowzz

wowzz

Posted
Posted
2 hours ago, cruising deacon said:

  I was on the Crown recently, no one who sails it will ever return.

Which is of no importance whatsoever to the financial institutions who determine the fate of any company, including CCL.

Cash flow,  forward bookings, etc look pretty good, fuel prices look bad. Those criteria are what are important,  not the negative opinions of some people on one ship.

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Ombud

Ombud

Posted
Posted (edited)
30 minutes ago, ontheweb said:

But this is what can happen after you file for bankruptcy.

 

From record-setter to rubbish: World’s biggest cruise ship to be scrapped without sailing a single voyage (msn.com)

Yes, a Hong Kong cruise line isn't happening. 

 

But Chapter 7, 11, or 13 for CCL is a stretch at this point. Most of us have been through reorganizations (Chapter 11). Sky is not falling. 

 

Look for CCL to lighten its load as older ships are going for 25m (scrap) -> 125m (bought by new lines). Crown has had propulsion issues since 2019. Dump it. As well as Grand. Yes I like the Grand but 'it's just business.' 2 more ships left its lines (Aida line). Saudis still negotiating for entire Seaborn line. Until ppl start booking with $,€,£,¥ & we clear the recession this issue will persist. 

 

But that an investment topic which has nothing to do with the end customer -- the individual cruiser

 

7 minutes ago, cruising deacon said:
3 hours ago, Ombud said:

You do realize there's a world of difference between filing for bankruptcy and ceasing to exist, right?? 

Not in the eyes of the stockholders, they owe far more than they are worth

Again Chapter 7, 11, or 13? .... until the stock is below $5 a share, (yes that's significant point where retirement funds cannot invest in them) I'm not worried.  

 

Finally, this F rated stock clearly belongs in the Explore portion (that which the investor can afford to lose without losing sleep) of a portfolio not the core holdings (which impact monthly / yearly earnings needed to maintain lifestyle)

 

 

Edited by Ombud
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Roberto256 Holiday Sharing Rare

Roberto256

Posted
Posted
21 hours ago, cruising deacon said:

With online chat abounding regarding CCL possibly filing for bankruptcy, the future for Princess etc looks bleak.  If you look at the recent breakup of Crystal, the creditors and mortgage holders will end up taking whatever little the bankruptcy gets, the stockholders of will get nothing.

 

So, my whole $800 is at risk?

 

I'll just have a good cry, and move on.

 

But seriously, I bought it at $8 on a lark.

Kind of like walking through the casino, and putting down a bet on some game I pass by.

Without the second hand smoke, of course...

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Syracusefan44

Syracusefan44

Posted
Posted (edited)
13 minutes ago, skynight said:

So how does Carnival Corp compare to other large cruise corporations? Are they all in the same situation or is it just Carnival. 

https://investorplace.com/2022/06/ccl-stock-debt-economy-loom-over-carnival/
 

Carnival is the weakest of the three big cruise lines because it piled on debt buying new ships when times were good. Its size forced it to buy more debt to stay alive in 2020. It ended fiscal 2022 with almost $30 billion of long-term debt.

Edited by Syracusefan44
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Ombud

Ombud

Posted
Posted (edited)
23 hours ago, cruising deacon said:

With online chat abounding regarding CCL possibly filing for bankruptcy,

Sources?? I would like to know if it's just FB, CC, or an actual traders source (like Schwabs Traders Platform ....) where those posting have actual knowledge of how it works taking outstanding FCC (expiring worthless 12/31/22) works. Otherwise it's just (as dear ole dad would say) crazy talk. 

 

Personal interest .... do I buy puts or maybe sell them to make $$s .... a spread??

 

But repeating, doubt this has much to do re: ordinary cruisers / investors

 

 

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Ombud

Ombud

Posted
Posted
5 minutes ago, tetleytea said:

Plenty of cruisers go to the casino.  The difference is not that big 

Umm. Confused. What does options point spreads have to do with the casino??

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cr8tiv1 Holiday Sharing Rare

cr8tiv1

Posted
Posted (edited)
11 hours ago, Ombud said:

Look for CCL to lighten its load as older ships are going for 25m (scrap) -> 125m (bought by new lines). Crown has had propulsion issues since 2019. Dump it. As well as Grand. Yes I like the Grand but 'it's just business.' 2 more ships left its lines (Aida line). Saudis still negotiating for entire Seaborn line. Until ppl start booking with $,€,£,¥ & we clear the recession this issue will persist. 

 

How could you ever utter those evil thoughts!  Let's get rid of the sphere. class...the royal class...and bring back the Pacific Princess and Golden.  Twilight zone thinking!  Sacrilegious....

 

 

Generally, I agree with most of your posts.

Edited by cr8tiv1
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Ombud

Ombud

Posted
Posted (edited)
28 minutes ago, cr8tiv1 said:

 

How could you ever utter those evil thoughts!  Let's get rid of the sphere. class...the royal class...and bring back the Pacific Princess and Golden.  Twilight zone thinking!  Sacrilegious....

 

 

Generally, I agree with most of your posts.

The Grand Class is my favorite class but is it the highest profit per passenger into the future?? I'm still cruising Golden & Star on POAU

Golden Princess  = Pacific Adventure

Star Princess  = Pacific Encounter

 

 

Sphere layout is as bad as RCCL with interior balconies. Horrible idea

 

Edited by Ombud
Added new names for Star & Golden transferred within CCL
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icat2000

icat2000

Posted
Posted (edited)

What with the Henny Penny posting. There is still plenty of demand for cruising post COVID-19. Lots of stocks have taken a hit. I dare not look at my super fund cause its probably lost a lot of $$$ in the past couple of months. But then I'm in it for the long term as I'm not retiring for a least 10-15 years. If I was retiring in the next 12 months I would be a little bit sad.

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rbtan

rbtan

Posted
Posted

I don't think CCL will go bankrupt. Far from it. They own so many lines. I'd be more concerned about NCL than Carnival corp. or Royal Caribbean group. This is the time the lines are going to get rid of older ships. I'm not sure how long the Grand class of Princess ships will remain in the fleet. We hope the Emerald at least stays till we do our Circle the Caribbean trip early in March. I feel that Princess is going for larger ships. The Royal class will soon be dwarfed by the new 175K ton ships that will be starting next year.

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