RE: Astonishing that Carnival, Norwegian Cruise Line23 Sep 2022 12:13
EC “I think the recent drop in the share prices of the cruise ship Companies is not based on fact.” Well if you live in say ”Trumpworld” where facts are inconvenient truths then from your perspective the share price may seem to be irrational. However a long hard look at the debt pile ($30B and counting) would say otherwise. The great dilution is heading down the tracks my friend and no lowering of the POO or increase in bookings will prevent it. The best you can hope for is that CCL can successfully reschedule its debt repayments and actually survive as a going concern. Your current holding will by then have evaporated in a sea of new shares.