Carnival: Polishing The Brass On The Titanic


  • Carnival’s fiscal year results paint another bleak picture.
  • The cycle of issuing and refinancing junk bonds continues as free cash flow cannot even pay the interest.
  • The stock isn’t as cheap as it looks; exercise extreme caution.
  • Let’s take a closer look.

Recession Global Market Crisis Stock Red Price Drop Arrow Down Chart Fall, Stock Market Exchange Analysis Business And Finance, Inflation Deflation Investment Abstract Red Background 3d rendering


Sometimes companies are faced with severe disasters that, through no fault of their own, make the future incredibly grim for shareholders. Past investors in General Motors (GM) know this well. The company was forced into Chapter 11 reorganization when

Carnival debt

Data source: Seeking Alpha and Carnival Corp. Chart by author.

Data by YCharts

Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *