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Carnival Corporation (CCL)

NYSE
Currency in USD
Disclaimer
15.09
-0.10(-0.63%)
Closed
After Hours
15.05-0.04(-0.27%)

CCL Comments

At this point with second wave of covid coming, bankrupcy sounds very possible
sure, but remember they are not backed up by any government. I have 12 years of working experience in the rival*Royal Caribbean International). The cost of operations to maintain the fleet afloat is something that you need to considered. We don't know if the pandemic will last until 2021 or until 2030. So keep that into account. I really hope for the best outcome. I have more than 20.000 shares here
I think you under estimate the burden of debt. It’s likely that they eventually go through bankruptcy in order to restructure their debt. It wouldnt be the end of CCL but you wouldnt want to be holding any if its stock either b/c that would go to zero. This is basically a zombie company right now.
If GM can go bankrupt so can CCL. Bankruptcy doesnt mean it vanishes. It does mean anyone holding its stock gets left holding the bag.
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