Aug. 5 at 4:13 PM
$PSNY When you have more debt than sales. You are in the zombie company status. This is where we are
$5B debt, sales
$2B in 2024. Surprisingly, Carnival is in a similar position but the stock is higher. ML and team knows what to do and improving financials is the first step.
1) Taking the offensive, increase marketing in Germany.
2) France new market will start taking deliveries in Q4.
3) US, P4 in Q4 from South Korea.
4) Will know margin increases in a couple of weeks.
5) ML said their focus is Europe since 76% of Revenues are there.
6) ML is increasing units range for the year 75K+, hopefully can start narrowing the gap between Revenues and debt.
