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Carnival Corporation (CCL)

NYSE
Currency in USD
Disclaimer
14.20
+0.01(+0.11%)
Real-time Data

CCL Comments

Guys i would love to go all in here but heres what worries me: Carnival is currently burning 1.1 Billion cash per month. They claim they have 8Billion in reserve. The earliest what they are offering is in april 2021. They are also excluded from the trillions of government stimulus.How are they supposed to survive the next 6-8 months?? I hope you have a good answer to that before throwing in your hard earned mlney in here. This Scenario applies for almost all the 3 Major cruises. CCL,NCL&RCL
UK offered them $700 million dollars bail out. At a little as 0% interset. But it never wise to go all in.
They also projecting the cash burn rate will decreace frim $700 million a month. Down to $550 million dollars cash. Which should allow them to survive until Apirl. That is the same month Trump claims USA would have achieved Heard immunity.
The earliest they are offering is November 15th, I know because I'm booked oked on that sailing out of Tampa
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