This as well as the rest of that industry is going up. Anything and everything negative has already happened and baked in. Blackrock, Vanguard and the Saudi’s have major ownership. Stay long. It’ll double in price this year imo.
ktaba
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@ktaba earnings don’t matter. It’s all about sentiment and fund flow.
Great earnings report???? They are nearly at 90% capacity and still lost $700 million last quarter, With $32 billion debt this company is getting restructured very soon. Will hit 52 wk lows this year again.
donaitelo
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@keith66 Yes, the earnings report was great. The EPS was beat est -0.62, actual -0.55. The occupancy level is expected to rise in the next quarter to 98%, so the demand for cruises is cleary back. Citing: "We believe our debt balance has peaked this quarter and will reduce over time based on our ample liquidity position of $8.1 billion and the expected cash flow strength of our business." Yes, the report was great. They have a lot of time with 8 billion on their balance sheet to figure out the profitability issues and from their report, it is evident that they have a plan and are working on it. You can cherry-pick certain data points all you want and I do agree that currently they are still losing money and this is a concern. However, a plan is put in place to get them back to profitability and pay of the debt. All cruise company have debt. I would not be shorting the company, especially from the current levels. Long-term, the company has always recovered and this time is no different. Good luck to you either way.