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clock Created with Sketch. 12/04/20
17:49
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Originally posted by zebster:
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"Realistically, pre-covid19, $700million raise would add to the existing $4B market cap, which should make a market cap of $4.7B. Given this 700mil will be burned through the course of operation, it is reasonable to ignore this $$ injection. We are now left with $4B to make adjustments with." aside . We all know that FLT is a travel agency. The shorthand point was that the cruising sector will have its work cut-out convincing the traveling public that they will be safe to travel on when the bans are progressively lifted. In time memories/fears will fade, but that won't be measured in months, imo. As such, its likely to be a source of revenue that will probably not factor for FLT very much. (I'm not saying cruising is dead. The buying public tends to have a short memory, but when palpable fear is involved the energy/time required to restore trust it is much, much greater.)
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Originally posted by pandakev:
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Further to my comment above,
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Agree. Carnival had to secure funding last week to the sum of 2.2 billion with an interest rate of 11.25 percent. Carnival will make it through this but not whole. They will go through bankruptcy and come out a different organization.
(20min delay)