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Carnival Corporation Message Board

  • thassico thassico Mar 20, 2013 2:51 PM Flag

    Quick comparison with competitor and CCL should be $26 if there was no issues...

    If you take time to compare RCL to CCL on market cap (including debt ), Revenu, EBITDA you will quickly find out that the relation is close to 2 to 1 for CCL. If you apply it to market cap then CCL should be at around $30B with debt. Without debt its more like 20B$. 800M shares that give us about $26.
    But this is for a healthy corporation ... Our fleet is old - seriously impared - bad press - badly run - maintenance will be 2x for years to come. If you add all loses to come then How much of a discount we need to apply to get true value ? All the discounting that will be needed to get people back on the cruise for the nex couple of year ...Smells bad ... At best we should be valued in the low 20's or lower if another ship breaks.

    Sentiment: Strong Sell

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