- Feb 14, 2002
Those are not new bookings and new money. It's former and current bookings that got canceled and given as credit which was rolled into 2021. If the market had been allowed to have true price discovery, I might have bought Carnival stock at $1 or $2 as lottery tickets. That's like buying forever call option. But government intervention has delayed true price discovery. Which is why I'm not biting on cruise or airline stocks yet. Buffett is key tale for this sector IMO.Interestingly cruise ship bookings are strong for 2021, I guess when people assume the vaccine will be out. If the market is forward looking, then this should be good for the cruise lines this year. Cruise people love cruising.
"We have found a way to secure financing. It was costly," Carnival CEO Arnold Donald said Tuesday.www.cnbc.com