Quote:
Originally Posted by Ming the Merciless
it's been a while since I looked but carnivals biggest issue used to be debt
like their debt was potentially more than the value of their ships or higher than a certain % of that value.
since Interest rates have gone up , I'd imagine this issue would be looming pretty large but I don't know for certain if that's the main reason the price is low
one other correction, their earnings is no where near pre-pandemic yet. They've been negative earnings since 2020.
I think you mean revenue... but the problem is their debt payments eat up that revenue hence no earnings , or negative earnings actually.
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Good call. Their debt is rough. But it's in line with Royal Caribbean.
Still perplexed.