Carnival Sets Course For Debt Reduction

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 26 June 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bookings are spiking for Carnival Cruise Lines, how can the company make the most of the cruise boom? (00:21) Jason and Deidre Woollard discuss: - The strong demand for cruises and travel. - How Carnival’s plans to pay off its heavy debt load. - The prospects for Oddity Tech, a new DTC-brand IPO. (14:55) Ricky Mulvey and author Robert Glazer discuss why investors should look for businesses with a cultural advantage and how to spot one. Companies discussed: CCL, GS, ABNB, TSLA, AMZN, WP, BARK, BIRD Host: Deidre Woollard Guests: Jason Moser, Ricky Mulvey, Robert Glazer Producer: Ricky Mulvey Engineers: Dan Boyd, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Part of the cruises to a strong quarter as more people are ready for summer adventure.
0:09.9	Motley Full Money starts now.
0:21.2	Welcome to Motley Full Money.
0:22.5	I'm Deed Rollard.
0:23.5	I'm here with Motley Full Analyst, Jason Moser.
0:25.3	Jason, how are you today?
0:26.3	Hey, doing great, Deed.
0:27.3	How are you?
0:28.3	I'm doing well.
0:29.3	This is doing well as Carnival Cruise Line.
0:31.2	So we had their earnings this morning.
0:33.0	You know, we've talked a bit on this show about the move from goods to services, this sort
0:37.2	of like post pandemic thing, everyone wanting to go.
0:40.6	Travel experience things.
0:42.6	Travel has been booming.
0:44.0	Cruising kind of slowed a catch up, but it seems like after the pandemic beat up cruising,
0:48.5	the demand is back.
0:49.6	So total customer deposits, Carnival reported, all time high of $7.2 billion at the end of
0:55.2	May.
0:56.2	6% increased compared to the prior quarter company had record revenue, $4.9 billion.
1:00.9	So Jason, what do we make of the cruise boom?
1:03.2	Well, I think it's just following the greater trend, really.
	...

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