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

[rabin1]

2 hours ago, ldtr said:

And exactly what is the mechanism that gives the family most of the voting power?

 

CCL only seems to have one class of stock (unlike companies like Meta that issued two classes to be voting power in the the founders hands).  The only real complexity is the linking of shares between the Carnival Corp and Carnival PLC (formerly known as P&O Princess PLC) which does not have an impact upon voting power.

 

The top 10 holders of stock (holding about 42%) as of the most recent filings are

Arison   12.28%

Vanguard 9.13%

Public Investment Fund  5.15%

Blackrock   5.14%

BB&T    3.72%

State Street   3.15%

Geode Capital  1.56%

Prime Cap  1.46%

Northern Trust  1.32%

Nuveen .97%

 

 

According to the last voting proxy AM has 10.7% of combined voting shares, so not anywhere close to a majority.

 

Mickey Arison should sell the Miami Heat and put the money into the ships...............lots of money there.

[Guest ldtr]

2 hours ago, rabin1 said:

Mickey Arison should sell the Miami Heat and put the money into the ships...............lots of money there.

Probably make more money with the heat.

[Ombud]

5 hours ago, ldtr said:

The top 10 holders of stock (holding about 42%) as of the most recent filings are

Arison   12.28%

Vanguard 9.13%

Public Investment Fund  5.15%

Blackrock   5.14%

BB&T    3.72%

State Street   3.15%

Geode Capital  1.56%

Prime Cap  1.46%

Northern Trust  1.32%

Nuveen .97%

So it's Alison 12.28% and individual shareholders through various vehicles 87.22%?

[Guest ldtr]

Just now, Ombud said:

So it's Alison 12.28% and individual shareholders through various vehicles 87.22%?

not necessarily individual shareholders. Various mutual funds hold quite a bit, as do other corporate entities.

[Ombud]

12 minutes ago, ldtr said:

not necessarily individual shareholders. Various mutual funds hold quite a bit, as do other corporate entities.

Where do mutual funds get their money?

 

We have now officially gone down the rabbit hole

 

Edited June 22, 2022 by Ombud

[Guest ldtr]

5 minutes ago, Ombud said:

Where do mutual funds get their money?

Some mutual funds are owned by individual Investors, others are owned by institutional investors. So it varies.

 

For CCL institutional owner ship is 52%

Edited June 22, 2022 by ldtr

[Ombud]

Back to OP: No CCL is not sinking

[neverbeenhere]

At least they didn’t put my .92% on that list. 

[Daniel A]

7 hours ago, neverbeenhere said:

At least they didn’t put my .92% on that list. 

At current prices, I may buy 10%.  💸 

 

Maybe, if I owned 10%, I could get a barrel chair back in my cabin.  😄

[DCThunder]

10 hours ago, ldtr said:

Probably make more money with the heat.

Depends on how much he has to pay Jimmy Butler.

[caribill]

On 6/20/2022 at 10:43 PM, ldtr said:

Princess is not a premium line, it is a mass market lines, as is HAL, Celebrity, etc a little bit above the family oriented mass market lines like Royal and Carnival, but still mass market.

 

Premium tend to be lines like Viking, Oceania, etc

 

From a Princess press release:

 

One of the best-known names in cruising, Princess Cruises is the world's leading international premium cruise line and tour company operating a fleet of 15 modern cruise ships, carrying millions of guests each year to 330 destinations around the globe, including the Caribbean, Alaska, Panama Canal , Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises.

 

A team of professional destination experts have curated 170 itineraries, ranging in length from three to 111 days and Princess Cruises is continuously recognized as "Best Cruise Line for Itineraries."  In 2017 Princess Cruises, with parent company Carnival Corporation (CCL), introduced MedallionClass Vacations enabled by the Medallion device, the vacation industry's most advanced wearable device, provided free to each guest sailing on a MedallionClass ship.

 

The award-winning innovation offers the fastest way to an effortless personalized vacation, giving guests more time to do the things they love most. The company is part of Carnival Corporation & plc .  

[ebeluga]

Medallion = EFFORTLESS personalized vacation = lol

[Guest ldtr]

33 minutes ago, caribill said:

 

From a Princess press release:

 

One of the best-known names in cruising, Princess Cruises is the world's leading international premium cruise line and tour company operating a fleet of 15 modern cruise ships, carrying millions of guests each year to 330 destinations around the globe, including the Caribbean, Alaska, Panama Canal , Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises.

 

A team of professional destination experts have curated 170 itineraries, ranging in length from three to 111 days and Princess Cruises is continuously recognized as "Best Cruise Line for Itineraries."  In 2017 Princess Cruises, with parent company Carnival Corporation (CCL), introduced MedallionClass Vacations enabled by the Medallion device, the vacation industry's most advanced wearable device, provided free to each guest sailing on a MedallionClass ship.

 

The award-winning innovation offers the fastest way to an effortless personalized vacation, giving guests more time to do the things they love most. The company is part of Carnival Corporation & plc .  

They can call it whatever they want, it is still not premium, still mass market and getting more so with larger ships.

 

I guess calling it premium makes some people feel better.

[Daniel A]

11 hours ago, ldtr said:

They can call it whatever they want, it is still not premium, still mass market and getting more so with larger ships.

 

I guess calling it premium makes some people feel better.

Is there a universally accepted definition of what constitutes a 'premium' cruise line?  What are the objective benchmarks?

 

I think some of the smaller lines identified in previous postings are really 'luxury' lines rather than being 'premium.'  If one were to examine the concept by comparing it to hotel chains, InterContinental Hotels classify some of their brands as follows:

"Essentials" - Holiday Inn Express

"Premium" - Crowne Plaza

"Luxury" - InterContinental 

 

I'm sure there are many who would contest classifying Crowne Plaza properties as being "Premium" but when put into context of the others, it is considered a premium.  I would call Holiday Inn Express properties as being 'mass market'

[Mississippian]

I bought a bunch of CCL $5 leap puts a while back for as little as 4 cents. I figured there was a better than 1% chance the company would go bankrupt. Sadly, I sold my last option at 31 cents. They are now at 51 cents for 2023 leaps.

Edited June 24, 2022 by Mississippian
correction

[wowzz]

21 minutes ago, Mississippian said:

I bought a bunch of CCL $5 leap puts a while back for as little as 4 cents. I figured there was a better than 1% chance the company would go bankrupt. Sadly, I sold my last option at 31 cents. They are now at 51 cents for 2023 leaps.

I have absolutely no idea what any of that means  !

Are you shorting the stock ?

[KKB]

1 hour ago, Daniel A said:

Is there a universally accepted definition of what constitutes a 'premium' cruise line?  What are the objective benchmarks?

 

I think some of the smaller lines identified in previous postings are really 'luxury' lines rather than being 'premium.'  If one were to examine the concept by comparing it to hotel chains, InterContinental Hotels classify some of their brands as follows:

"Essentials" - Holiday Inn Express

"Premium" - Crowne Plaza

"Luxury" - InterContinental 

 

I'm sure there are many who would contest classifying Crowne Plaza properties as being "Premium" but when put into context of the others, it is considered a premium.  I would call Holiday Inn Express properties as being 'mass market'

I've cruised DCL, NCL, RCCL, Princess & Celebrity.

(Have not cruised Carnival--will in Jan--perhaps they are the "budget" line. But most of the time when adding in drinks, tips & wifi, they are NOT necessarily cheaper than other lines)

I put them ALL on the same level with a SLIGHT edge to Celebrity on food & service.

We find them more alike than different & have found our experience differed more based on ship than line (and upon further evaluation, i believe that the CD had a huge impact on that).

 

I'd say cruising only has 2 levels: mass market & premium.

Edited June 24, 2022 by KKB

[Syracusefan44]

MIAMI, June 24, 2022 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides second quarter 2022 business update.

 

• U.S. GAAP net loss of $1.8 billion and adjusted net loss of $1.9 billion for the second quarter of 2022.
•  
• Cash from operations turned positive in the second quarter of 2022.
•  
• Second quarter 2022 ended with $7.5 billion of liquidity, including cash, short-term investments and borrowings available under the company's revolving credit facility.
•  
• Revenue increased by nearly 50% in the second quarter of 2022 compared to first quarter 2022, reflecting continued sequential improvement. For the cruise segments, revenue per passenger cruise day ("PCD") for the second quarter of 2022 decreased slightly compared to a strong 2019.
•  
• Occupancy in the second quarter of 2022 was 69%, an increase from 54% in the prior quarter.
• Customer deposits increased $1.4 billion to $5.1 billion as of May 31, 2022 from $3.7 billion as of February 28, 2022.
•  
• As of June 24, 2022, 91% of the company's capacity is in guest cruise operation.
•  
• Booking volumes for all future sailings during the second quarter of 2022 were nearly double the booking volumes during the first quarter of 2022; the company notes these were its best quarterly booking volumes since the beginning of the pandemic.

 

Edited June 24, 2022 by Syracusefan44

[rj59]

13 hours ago, ldtr said:

They can call it whatever they want, it is still not premium, still mass market and getting more so with larger ships.

 

I guess calling it premium makes some people feel better.

Cruise lines are attempting to create premium feel by upselling to private spaces, like the NCL Haven or Sanctuary or Club Class dining, while of course taking away space from everyone else--the combined appeal to privileged spaces and to escape the pain of regular spaces that airlines use. Otherwise it's just marketing, like the ship videos showing fine wining and dining and pampering and shopping. The difficulty is the financial reality of having to fill ships, especially with larger ships creating so many more rooms on each line--look at the huge fleets from each line in Alaska this summer, with two megaships from RC and NCL each and 3 Royal-class Princess ships, along with more direct competition with many HAL ships. There are certain small touches that other lines make feel more luxury, like real hand towels in public restrooms on HAL, and their Elemis soaps in cabins, versus the same generic green goo of Princess. 

[PescadoAmarillo]

1 hour ago, Syracusefan44 said:

 

• Booking volumes for all future sailings during the second quarter of 2022 were nearly double the booking volumes during the first quarter of 2022; the company notes these were its best quarterly booking volumes since the beginning of the pandemic.

 

Thank you for this. I would love to know what percentage of these “best booking volumes” are being deposited and paid for with non-refundable FCCs.

[Daniel A]

2 hours ago, KKB said:

I've cruised DCL, NCL, RCCL, Princess & Celebrity.

(Have not cruised Carnival--will in Jan--perhaps they are the "budget" line. But most of the time when adding in drinks, tips & wifi, they are NOT necessarily cheaper than other lines)

I put them ALL on the same level with a SLIGHT edge to Celebrity on food & service.

We find them more alike than different & have found our experience differed more based on ship than line (and upon further evaluation, i believe that the CD had a huge impact on that).

 

I'd say cruising only has 2 levels: mass market & premium.

I sailed on Viking River Cruises which is referred to as either Premium or Luxury.  They had no theatrical shows, set dining times, bars only open at night, no buffet or casino etc...  I would consider a vacation that included all of these options to be Premium by comparison to what other people consider Premium.  Is Viking or American Cruise Lines 'Mass Market' or 'Premium'?  JMHO, and that's really the point of this discussion - it's really just people posting their opinions and some people (not all) couching Princess bashing in their opinions.

[Ombud]

4 hours ago, Mississippian said:

I bought a bunch of CCL $5 leap puts a while back for as little as 4 cents. I figured there was a better than 1% chance the company would go bankrupt. Sadly, I sold my last option at 31 cents. They are now at 51 cents for 2023 leaps.

 

3 hours ago, wowzz said:

I have absolutely no idea what any of that means  !

Are you shorting the stock ?

Long-term Equity Anticipation Securities are an option play over 12 months. Not shorting

[Roberto256]

2 hours ago, PescadoAmarillo said:

Thank you for this. I would love to know what percentage of these “best booking volumes” are being deposited and paid for with non-refundable FCCs.

 

And/Or, the $1 deposit sale.

[caribill]

3 hours ago, Syracusefan44 said:

MIAMI, June 24, 2022 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides second quarter 2022 business update.

 

•  
• Second quarter 2022 ended with $7.5 billion of liquidity, including cash, short-term investments and borrowings available under the company's revolving credit facility.

 

This includes $1.0 billion recently borrowed at an interest rate of 10.5%.

 

 

3 hours ago, Syracusefan44 said:

•  
•  
• Occupancy in the second quarter of 2022 was 69%, an increase from 54% in the prior quarter.

 

 

Now is approaching 80%. (And this is with more ships back in service). CCL brand is expected to be at 110% in third quarter.

 

 

Also, after accounting for all the ships that have left the fleet since the start of the pandemic, all the new and larger capacity ships, although fewer in number, mean that the overall total fleet passenger capacity is higher than pre-pandemic. Fewer ships, but higher capacity overall.

[Ombud]

26 minutes ago, Roberto256 said:

And/Or, the $1 deposit sale.

Can't be that as it hasn't started yet. Deposit amounts w/o FCD are up. Which is why I have 2 on hold until I buy more FCD Sunday