ortco1 - Re: CCL at $60-70. Yes, CCL has a lot of positives currently in place, but (IMO) obtaining those prior pps levels are a long time down the road. Reason, COVID necessitated a LOT of new debt, and a LOT of new shares issued to keep the Company solvent. All required actions.
Motley Fool puts out an opinion on CCL every 2-3 days (it seems), Some days positive, some days negative, but almost ALWAYS, references the high debt and increased shares which will limit quarterly pps growth until the debt is removed. It is happening, but slowly.
GLTA CCL longs
One reason CCL is up -- per attached. In two weeks from today, CCL will release second quarter financials (expectation is obviously positive).
CCL getting more positive reviews. Nice analysis here using LOTS of different trends.
Motley Fool picks CCL over Royal Caribbean as a stock choice (for what it's worth - so do I).
CCL ship news for 2023 attached. Mostly positive. Forward looking events regarding ships and ports. No special (real / factual) numbers. Overall - looking better than 2022.
Hope other CCL investors took advantage of this special day booking. I did. Two booked cruises on Princess Cruise Line.
CCL pps potential - just for fun.
With today's current upward trend in the three major cruise lines, looking at the past three years pps finds ----
RCL - high was about $130. Currently about $59 -- means about 220% from the 3-year high.
NCHL - high was about $60. Currently about $16 -- means about 375% from the high.
CCL - high was about $50. Currently about $9.70 -- means about 515% from the high.
MY (positive read) of these numbers is that CCL has the BIGGEST potential percentage upwards possibility.
GLTA CCL longs.
CCL - maybe has a poor rating by current financials and some analysts, but the future is looking VERY positive. MOST analysts are predicting CCL cash flow positive for 2023. And just as a reminder, this is November 2022. Next year (2023) is NOT too far away.
Investors invest in the future. Traders live for the day.
GLTA CCL longs
Agree. I never thought CCL would touch the COVID bottom, much less today's pps. We seem to be following the overall S&P/DJIA trend. I cannot believe Fund Managers are not all over this. Supposedly - forward looking individuals.
A year from now -- when CCL is VERY profitable -- they are looking at 200%, 300% gains (plus) from these current levels.
I do not expect to see $60 again, but $15-25 is so doable within a year (IMO).
GLTA CCL longs.
CCL Fleetwide, per the link below, 84% average on ALL CCL cruise ships (up from 69% average last quarter).
Carnival Corporation's occupancy across its fleet of nine cruise brands is heading in the right direction, with third quarter occupancy coming in at 84 percent.
"Occupancy was 84%, a 15-percentage-point increase from the second quarter," said David Bernstein, executive vice president and CFO, on the company's third quarter earnings call.
"We ended the quarter on a high note with 90% occupancy in the month of August. We were encouraged by the continued very close-in demand we experienced during the third quarter for the third quarter, a trend we had anticipated."
CCL - the future is GREEN. Buy, and hold. Enjoy the positive future aboard CCL.
Carnival Corporation: ‘On Course for a Great 2023’
50 MIL STRONG - impressive trade. Maybe you could educate me a little. Not listed as a sell initiated, nor a buy. What do you think ? A trade between MMs? Dare I say - dilution from CCL Corporate ?? What are your thoughts? If any. Thanks.
CCL - slowly making upwards progress. It really seems to be following the S&P and the DJIA for its trend.
Earnings announcement this Friday.
No, this CCL board is usually pretty quiet. Only 142 followers. Most hoping for upside gains, a couple looking for the negative. Traders like stocks that make big moves, or cyclic.
Lately, CCL seems to be following the S&P/Dow trend. Up days, the pps heads positive, down days CCL share price follows. Obviously, there are exceptions.
The three major cruise lines trend similarly.
Since COVID, the CCL dividend is gone, lots of added debt, and lots more CCL shares.
Feel free to join us and post as you desire. As long as the posting rules are followed, you are certainly welcome (FWIW -- I am a CCL long-term long)
Agree. I do not expect to see CCL at the old $60 range for many years due to increased shares and debt, but a return to the $20-25+ range is easily reachable this coming year (bearing any negative World issues impacting travel). I am looking at the $30-40 range for the next year or two. IMO - CCL currently is still a bargain.
GLTY. GLTA CCL longs.
P.S. Some analysts show the dividend returning in late 2023 or early 2024. That too, will aid CCL pps increase.
CCL - Carnival previously announced ALL the Carnival Cruise Line ships were restored to active service.
The attached announcement identifies ALL Princess Cruise Line ships will be back in service and carrying passengers. The last two to join the active fleet (Diamond and Sapphire) on Sept 1, and Sept 24.
CCL increased profits to follow accordingly.
Folks like to cruise on CCL !! Carnival reports 3 MILLION cruisers since the cruising industry resumed operations. Impressive that one MILLION of those passengers were in the most recent 75 days. Many full ships are adding to CCL profits.
I do not have a link, but somewhere I heard CCL 'may' be profitable THIS quarter. Expectations previously was profitablity not until the first quarter of 2023. Other cruise lines are doing good, airlines are picking up. Time will tell.
While CCL pps continues to get beat up, Carnival Cruise Line announces (previously) that the full Carnival fleet has returned to service (leading the all the various CCL cruise lines), and (link immediately below) the always popular Summer cruising period plans to operate at 110% capacity for all Carnival Cruise Line ships (exclusive).
Note: for non-cruisers. 110% capacity is achieved when a cabin has more than two occupants. Either via families, or small groups cruising together. Cruise fares are normally per person - based on two cruisers in a cabin - but a 3rd or 4th person in the same cabin is always at a reduced rate
The current CCL share price is so close to the low in 2020 when COVID initially hit and ALL CRUISES CEASED !!! We are about 2-years past that point. Cruising has returned, income is returning rapidly, and the quarterly losses - while still present - are lessening. CCL fundamentals are heading the right direction.
IMO - the big negatives are, increased number of CCL shares, increased CCL debt, and the S&P/DJIA downturns impacting many stocks negatively over the past couple months. I am here long term.
Everyone is entitled to their opinions. Regarding CCL, I am in the opposite camp. Been buying a lot of shares these past three days. Once the S&P and Dow complete their corrections, all will be up, up, UP !!! CCL too!!
Looking forward to CCL back above $25 soon.
GLTA CCL longs.
Carnival is getting a new ship - kind of. The Costa Luminosa is being sold to Carnival Cruise Line. The Luminosa is a sister ship to four other Carnival Spirit class ships currently in the Carnival fleet. Built in 2009, this ship is an update from the Costa Magica previously being looked at for acquisition by Carnival.
The 'new' addition will port out of Brisbane Australia most of the year, and serve the Alaska frontier in the Alaskan cruise season.
GLTA CCL longs.
CCL is a bargain at this pps. (NOT just my opinion).
Motley Fool posted (see below) about the three major cruise lines all dropping yesterday. Led by the Norwegian Cruise Lines earnings report. Another causal pps decrease factor I neglected to mention on a recent post is the overall market correction the past four (plus) days. Motley Fool says ' profits ARE coming' -- as we all know. Six months from now, or nine months. CCL should be profitable and may never see these levels again. These are bargain basement prices for CCL stock. Also, from the article, they mentioned Princess Plus. Both my booked January cruises I purchased Princess Plus (Premier was not in existence when I booked). Yes, cruise passengers are spending more per average passenger upfront. All three major cruise lines state that fact.
GLTA CCL longs.
bigblue72 - hope you were able to take advantage of CCL below $13 (again this afternoon). I NEVER expected to see this price level. Not too long ago, we seemed quite happy in the $17-22 range. This appears to be a result of the one Carnival ship with the COVID outbreak earlier this month. Oil is relatively stable, cruise passengers are booking, and even though the upcoming quarterly finances will be negative - THEY ARE NOT as negative as last quarter. For a forward looking marketplace, I repeat, CCL at these pps levels seems like a 'gift'. GLTY.
GLTA CCL Longs.
You two should both be very happy soon (IMO). I believe this low pps is a buyer's 'gift' to a CCL long. Myself, I have been busy buying medium and longer term call options the past two days. Since I cruise on Princess Cruise Line, I am a CCL long-term, long, due to the shareholder on-board credit, and the potential CCL pps returns.
My family are all Carnival cruisers (I am the different one). GLTY.
GLTA CCL longs (both short term, and long term).
bigblue72 - nice addition for you. IMO, CCL should be in the 17-24 range for awhile. The 30s will get here soon as the CCL fleet returns to full service, and profits rebound. Good things are happening for the CCL longs. The days of $45, 50, 60 are way in the past due to increased shares, and increased debt these past two COVID years. I hope they return, just as I hope the CCL dividend returns -- but those are many cruising adventures ahead of the marketplace today.
We wait. We hope. We watch. You bought a nice opportunity today and strengthened your position. Best wishes on your CCL investment.
GLTA CCL longs.