Thinking of buying Carnival stock ... some questions

[2aprilbabies]

We are set to sail on a Carnival ship this summer.  I saw a few posts about the shareholder benefits, and with the stock price so low, it seems like a smart gamble.  We would probably just buy the 100 shares and get $50 OBC right away for the planned cruise. However, I just looked at Carnival's Shareholder Benefit page and it says reservations had to be made by 2/28/23 for sailings through 7/31/23.  We just booked our cruise so does that mean it wouldn't apply to us? Are they no longer offering the shareholder benefit? Also, we booked two cabins for our sailing.  If they are still offering the OBC, does that mean we could get it for both cabins or just one?

Edited March 18, 2023 by 2aprilbabies

[lostsoulcruiser]

I just looked at the page and the ***/23 dates are now ***/24.  This is a benefit that gets renewed annually so I do not know when the dates changed but they are still offering this benefit at least thru July 2024.

Applicability is only to one cabin, the shareholder of record.    Below is a quote from the shareholder benefit document:

• The benefit is applicable on sailings through July 31, 2024 aboard the brands listed below. Certain restrictions apply. Applications to receive these benefits should be made at least three weeks prior to cruise departure date.

Not sure when your cruise is leaving,  but you have some time if you buy this week.  You could your March brokerage statement to apply for the benefit.

In my opinion, I am not sure it is wise to pay approximately $900 dollars (based on friday's market price) for 100 shares to get $50 obc.   Buy the stock because you think it will recover somewhat from the pandemic.  

[BlerkOne]

For decades the benefit has been renewed every year.

[ninjacat123]

I got my shareholder's credit 3 days after I emailed it in.

[crooooze]

1 hour ago, lostsoulcruiser said:

I just looked at the page and the ***/23 dates are now ***/24.  This is a benefit that gets renewed annually so I do not know when the dates changed but they are still offering this benefit at least thru July 2024.

 

Where’d you see this? I’m still only seeing it for cruises through July 2023

[crooooze]

7 minutes ago, crooooze said:

Where’d you see this? I’m still only seeing it for cruises through July 2023

Wait nevermind. Found it in the 2022 annual report. Thanks

[2aprilbabies]

1 hour ago, lostsoulcruiser said:

In my opinion, I am not sure it is wise to pay approximately $900 dollars (based on friday's market price) for 100 shares to get $50 obc.   Buy the stock because you think it will recover somewhat from the pandemic.  

We've cruised Carnival before and I considered it in the past, but never went through with the purchase because the stock price was so much higher then.  I know there is always a risk with stocks, but it seems like occupancy rates are pretty good these days and I would imagine that would translate into a better financial picture. The OBC is just a bit of a motivator to consider purchasing sooner rather than later.

[windsor26]

If you cruise a lot and use all Carnival companies  it is worth buying stock just the `100 shares  Since 2009 I have had my money back (1400 sterling pounds) about 7 times and still have the shares  which - of course have lost value at present - but will bounce back eventually and I still have the value of th4e shares whenever I need to sell them  it is a win win  situation and at present the cost is half the normal one prior to covid losses

[BermudaBound2014]

CCL release first quarter on Tuesday. I suggest you take that into any purchase considerations.

[Pika8347]

2 hours ago, windsor26 said:

If you cruise a lot and use all Carnival companies  it is worth buying stock just the `100 shares  Since 2009 I have had my money back (1400 sterling pounds) about 7 times and still have the shares  which - of course have lost value at present - but will bounce back eventually and I still have the value of th4e shares whenever I need to sell them  it is a win win  situation and at present the cost is half the normal one prior to covid losses

Smart Man!

[ray98]

Carnival is a risky investment right now.  Only you can decide if laying out $900 is worth it to try for a small OBC.  Bottom line, CCL is $34B in debt and still have not found a way to not lose millions a day.  I don't expect the financials Tuesday to change that. Their debt load is crippling.

[2aprilbabies]

25 minutes ago, ray98 said:

Carnival is a risky investment right now.  Only you can decide if laying out $900 is worth it to try for a small OBC.  Bottom line, CCL is $34B in debt and still have not found a way to not lose millions a day.  I don't expect the financials Tuesday to change that. Their debt load is crippling.

Good points.  I'll see what Tuesday brings. 

[2aprilbabies]

9 hours ago, BermudaBound2014 said:

CCL release first quarter on Tuesday. I suggest you take that into any purchase considerations.

Good idea.

[mz-s]

The thing with buying individual stocks is you could lose your entire investment the next day. As long as you’re okay with that possibility, knock yourself out and enjoy the shareholder benefits as long as the last!

[BlerkOne]

4 hours ago, mz-s said:

The thing with buying individual stocks is you could lose your entire investment the next day. As long as you’re okay with that possibility, knock yourself out and enjoy the shareholder benefits as long as the last!

or you could invest in crypto or been invested in one of the banks that have failed recently.

 

I'll receive at least $850 in shareholder OBC this year, and my stock long ago paid for itself. Carnival Corp isn't going to disappear. Carnival has more cash on hand than RCL and NCL combined. They are masters at financing. At least Carnival had the vision to arrange for a new revolving credit facility before the latest banking crisis.

 

https://www.prnewswire.com/news-releases/carnival-corporation--plc-announces-arrangement-of-new-forward-starting-2-1-billion-revolving-credit-facility-301759157.html

 

 

[ninjacat123]

31 minutes ago, BlerkOne said:

or you could invest in crypto or been invested in one of the banks that have failed recently.

 

I'll receive at least $850 in shareholder OBC this year, and my stock long ago paid for itself. Carnival Corp isn't going to disappear. Carnival has more cash on hand than RCL and NCL combined. They are masters at financing. At least Carnival had the vision to arrange for a new revolving credit facility before the latest banking crisis.

 

https://www.prnewswire.com/news-releases/carnival-corporation--plc-announces-arrangement-of-new-forward-starting-2-1-billion-revolving-credit-facility-301759157.html

 

 

Since the restart, I have received $500 in Stockholder credit.👍

[mz-s]

51 minutes ago, BlerkOne said:

or you could invest in crypto or been invested in one of the banks that have failed recently.

 

I'll receive at least $850 in shareholder OBC this year, and my stock long ago paid for itself. Carnival Corp isn't going to disappear. Carnival has more cash on hand than RCL and NCL combined. They are masters at financing. At least Carnival had the vision to arrange for a new revolving credit facility before the latest banking crisis.

 

https://www.prnewswire.com/news-releases/carnival-corporation--plc-announces-arrangement-of-new-forward-starting-2-1-billion-revolving-credit-facility-301759157.html

 

 

I don’t generally put money into individual stocks or securities like $CCL or BTC. Everyone should invest in what they feel comfortable with and what works for them.

[BlerkOne]

41 minutes ago, ninjacat123 said:

Since the restart, I have received $500 in Stockholder credit.👍

$650 since the restart and not one was denied.

[ninjacat123]

7 minutes ago, BlerkOne said:

$650 since the restart and not one was denied.

Not one was denied to me either, but I don't get casino rates.  Having said that, I got a rate for 7 days on MG for $65/person and I grabbed it!  Still got my shareholder credit😁

[ontheweb]

6 hours ago, mz-s said:

The thing with buying individual stocks is you could lose your entire investment the next day. As long as you’re okay with that possibility, knock yourself out and enjoy the shareholder benefits as long as the last!

But you would then get a tax write off for your capital loss.

[BlerkOne]

2 minutes ago, ontheweb said:

But you would then get a tax write off for your capital loss.

If you hold over a year for long term.

Edited March 19, 2023 by BlerkOne

[mz-s]

1 minute ago, ontheweb said:

But you would then get a tax write off for your capital loss.

reminds me of seinfeld every time I hear about write offs. I’d rather not lose the money to begin with!

[BlerkOne]

Just now, mz-s said:

reminds me of seinfeld every time I hear about write offs. I’d rather not lose the money to begin with!

How many gamblers say that?

[ontheweb]

2 minutes ago, BlerkOne said:

If you hold over a year for long term.

Still a loss if less than a year, a short term loss. It's still a write off.

[mz-s]

Just now, BlerkOne said:

How many gamblers say that?

 

if I had a dollar every time I’ve heard “this is my last hand” at the fun21 table I wouldn’t have to gamble!