Rare jimbo5544 Posted December 23, 2023 #1 Share Posted December 23, 2023 This is great news for a company that needed some, https://cruiseindustrynews.com/cruise-news/2023/12/carnival-corp-reports-record-2023-revenue-and-fourth-quarter-earnings/ 4 Link to comment Share on other sites More sharing options...
john91498 Posted December 23, 2023 #2 Share Posted December 23, 2023 it is, but all my money is going to RCCL next year 😪 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #3 Share Posted December 23, 2023 6 minutes ago, john91498 said: it is, but all my money is going to RCCL next year 😪 Well thanks for letting us know…. 13 Link to comment Share on other sites More sharing options...
john91498 Posted December 23, 2023 #4 Share Posted December 23, 2023 1 minute ago, jimbo5544 said: Well thanks for letting us know…. you're welcome... Link to comment Share on other sites More sharing options...
groundloop Posted December 23, 2023 #5 Share Posted December 23, 2023 And yet they still keep raising prices on everything. Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #6 Share Posted December 23, 2023 (edited) 2 hours ago, groundloop said: And yet they still keep raising prices on everything. And yet they are still 30 billon in the hole, due to being mandated closed by the feds, not of their own doing for over 19 months. No other industry had to endure what this one did, all others were fed subsidized. The nerve of them….😱 Edited December 23, 2023 by jimbo5544 14 1 Link to comment Share on other sites More sharing options...
Rare ledges1 Posted December 23, 2023 #7 Share Posted December 23, 2023 It appears all the changes and price increases are working in their favor. With more changes to come in the future, they may be able to pay a very small dividend to their shareholders in a few years. 1 Link to comment Share on other sites More sharing options...
Rare sparks1093 Posted December 23, 2023 #8 Share Posted December 23, 2023 5 hours ago, groundloop said: And yet they still keep raising prices on everything. Um, everyone is raising prices on everything, in case you've not noticed. Carnival is raising the prices on everything to prevent from having to raise fares too much. I am totally fine with that. 5 Link to comment Share on other sites More sharing options...
dan4182 Posted December 23, 2023 #9 Share Posted December 23, 2023 10 hours ago, jimbo5544 said: This is great news for a company that needed some, https://cruiseindustrynews.com/cruise-news/2023/12/carnival-corp-reports-record-2023-revenue-and-fourth-quarter-earnings/ The $6.4 billion figure for deposits on future bookings is also impressive. Link to comment Share on other sites More sharing options...
mz-s Posted December 23, 2023 #10 Share Posted December 23, 2023 Maybe with these figures, on my next cruise I won't have to hear a little boy ask his grandmother "Granny what does bacation mean?" 1 6 Link to comment Share on other sites More sharing options...
firefly333 Posted December 23, 2023 #11 Share Posted December 23, 2023 I wish the stock would make it back over $20 already. I'm still stuck in the red the last time at over $21. Gotta admit I didnt see such a long shut down like happened. Took a loss at 29. And like a dummy rethought lower. Never catch a falling knife. I have faith it can get back over 20 .. just waiting. 3 Link to comment Share on other sites More sharing options...
jamestown478 Posted December 23, 2023 #12 Share Posted December 23, 2023 I am hoping they can start paying dividends again in the next few years 2 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #13 Share Posted December 23, 2023 8 minutes ago, jamestown478 said: I am hoping they can start paying dividends again in the next few years It is a meaningful step in the process, my guess is as soon as they possibly could they would. Whether it is feasible when still so far in debt is something beyond me. Link to comment Share on other sites More sharing options...
Rare shof515 Posted December 23, 2023 #14 Share Posted December 23, 2023 6 hours ago, groundloop said: And yet they still keep raising prices on everything. just noticed bottle water went up a few bucks in the cruise manager Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #15 Share Posted December 23, 2023 1 hour ago, dan4182 said: The $6.4 billion figure for deposits on future bookings is also impressive. Extremely, despite what the bashers love to preach on, it shows the strength of the product. Even more meaningful, it dramatically shows that you do not need to be monstrosity of the seas to attract clients. 3 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #16 Share Posted December 23, 2023 1 hour ago, sparks1093 said: Um, everyone is raising prices on everything, in case you've not noticed. Carnival is raising the prices on everything to prevent from having to raise fares too much. I am totally fine with that. Bingo! 4 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #17 Share Posted December 23, 2023 3 hours ago, ledges1 said: It appears all the changes and price increases are working in their favor. With more changes to come in the future, they may be able to pay a very small dividend to their shareholders in a few years. From your lips….. Link to comment Share on other sites More sharing options...
mz-s Posted December 23, 2023 #18 Share Posted December 23, 2023 Did I read it correctly that even with record revenues, Carnival still reported a loss? They predicted they'd be profitable almost 2 years ago now...still losing money. At what point do we call Carnival a zombie company? 3 Link to comment Share on other sites More sharing options...
jsglow Posted December 23, 2023 #19 Share Posted December 23, 2023 42 minutes ago, mz-s said: Did I read it correctly that even with record revenues, Carnival still reported a loss? '- The company made debt payments of $6 billion, reducing its debt balance by $4.6 billion from its peak in the first quarter of 2023 and ended the year with $5.4 billion of liquidity.' '- Full year cash from operations was $4.3 billion and adjusted free cash flow was $2.1 billion.' Of course they reported a loss. And that matters not one bit. Cash is king. Trust me; I know. 2 Link to comment Share on other sites More sharing options...
mz-s Posted December 23, 2023 #20 Share Posted December 23, 2023 Just now, jsglow said: '- The company made debt payments of $6 billion, reducing its debt balance by $4.6 billion from its peak in the first quarter of 2023 and ended the year with $5.4 billion of liquidity.' '- Full year cash from operations was $4.3 billion and adjusted free cash flow was $2.1 billion.' Of course they reported a loss. And that matters not one bit. Cash is king. Trust me; I know. If even with record high revenue they are still losing money, it does matter a lot in my opinion. Do you know what a zombie company is? Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #21 Share Posted December 23, 2023 (edited) 53 minutes ago, jsglow said: '- The company made debt payments of $6 billion, reducing its debt balance by $4.6 billion from its peak in the first quarter of 2023 and ended the year with $5.4 billion of liquidity.' '- Full year cash from operations was $4.3 billion and adjusted free cash flow was $2.1 billion.' Of course they reported a loss. And that matters not one bit. Cash is king. Trust me; I know. Careful facts confuse some. 😅 Edited December 23, 2023 by jimbo5544 1 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #22 Share Posted December 23, 2023 56 minutes ago, jsglow said: '- The company made debt payments of $6 billion, reducing its debt balance by $4.6 billion from its peak in the first quarter of 2023 and ended the year with $5.4 billion of liquidity.' '- Full year cash from operations was $4.3 billion and adjusted free cash flow was $2.1 billion.' Of course they reported a loss. And that matters not one bit. Cash is king. Trust me; I know. Wait, according to the negative nellies, nobody was booking Carnival. How do you erase 6 billion in debt if nobody books cabins? How do you have 65 percent of 24 slots filled? Loving CC today. 😅 Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted December 23, 2023 Author #23 Share Posted December 23, 2023 Full year revenues of 21.6 billion, an all time record. Amazing. 1 Link to comment Share on other sites More sharing options...
Rare ontheweb Posted December 23, 2023 #24 Share Posted December 23, 2023 2 hours ago, mz-s said: Did I read it correctly that even with record revenues, Carnival still reported a loss? They predicted they'd be profitable almost 2 years ago now...still losing money. At what point do we call Carnival a zombie company? There is a difference between a reported loss and a cash loss. Depreciation has to play a large part in the reported loss. The fact that they are significantly paying off the massive debt they were forced to take on to remain afloat has to mean something positive. 1 Link to comment Share on other sites More sharing options...
mz-s Posted December 23, 2023 #25 Share Posted December 23, 2023 (edited) 22 minutes ago, ontheweb said: There is a difference between a reported loss and a cash loss. Depreciation has to play a large part in the reported loss. The fact that they are significantly paying off the massive debt they were forced to take on to remain afloat has to mean something positive. The fact that they are paying down principal is a good thing. Although I disagree with the notion that anybody "forced" them to take on so much debt. Certainly they were prevented from operating their business - pretty much unprecedented. But they took on so much more debt than their competitors. It's really made their position much more precarious than it needed to be. Edited December 23, 2023 by mz-s 1 Link to comment Share on other sites More sharing options...
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