Scrumps Posted April 6, 2020 Report Share Posted April 6, 2020 Interesting tip-bit in the news this morning about "Saudi Arabia’s sovereign wealth fund recently took an 8.2% stake in the company." Quote Meanwhile, Carnival has enough liquidity to keep the company afloat through November under a “Zero Sail” scenario. However, under a more optimistic scenario, which assumes that some sailings resume in the summer, the company’s prospects would improve—though profitability would still take a big hit this year. Under that scenario ,the company’s operating cash flow would fall to around minus $2.2 billion this fiscal year from $5.7 billion last year. The Wells Fargo analysts see it rebounding to about $1.4 billion next year. RCIfan1912 1 Quote Link to comment Share on other sites More sharing options...
twangster Posted April 6, 2020 Report Share Posted April 6, 2020 Ships consume lots of fuel, seems like a reasonable investment from an oil producing region to ensure that doesn't change. RCIfan1912 1 Quote Link to comment Share on other sites More sharing options...
Matt31 Posted April 6, 2020 Report Share Posted April 6, 2020 We knew it wasn't going to just be avid cruisers buying stock if they had money. These are the times that wealthy folks like up their next pile of cash. Buy low and Sell high is the way to go to increase your portfolio. RCIfan1912 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.