Carnival Debt Yields in the Teens After Big Earnings Miss

0
30
carnival-debt-yields-in-the-teens-after-big-earnings-miss

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/carnival-debt-yield-norwegian-royal-caribbean-51664576030


  • Order Reprints
  • Print Article

Cruise line bonds have taken a fresh hit after Carnival’s weaker-than-expected financial update for its latest quarter, and yields on many debt issues now are in teens. 

Carnival (ticker: CCL) shares were hammered on the news Friday, falling 23% to $7.03 and hitting their lowest level in 30 years. The stock is getting closer to its 1987 IPO price of about $4 a share.


LEAVE A REPLY

Please enter your comment!
Please enter your name here