Lawmaker Seeks Review of Cruise Ship Deal

[NVMojo]

anybody know who the major investors are in Carnival???

WASHINGTON (AP) - A top House Democrat called on federal officials Thursday to justify their decision to sign a $236 million deal with Carnival Corp. for Hurricane Katrina housing, saying the six-month contract is overpriced.

In a letter, Rep. Henry Waxman of California asked Homeland Security Secretary Michael Chertoff to release documents indicating how the price was calculated. Waxman said he had Carnival documents from 2002 showing the company normally earns revenue of $150 million over six months.

"A comparison of this information to the federal contract raises serious questions about whether the Carnival contract is a responsible use of taxpayer funds," Waxman wrote.

more...

http://www.lasvegassun.com/sunbin/stories/invest-corp/2005/oct/20/102006595.html

[Tab]

1. You can't run a cruise line that big on $150 million

The financials show about $10 billion in revenue for 2004, giving 1.5 to $2 billion in net income.

But that's for the whole corporation. $150 million for one or more ships would make more sense, but I don't know how many ships we're talking about.

[Skink]

2. 3 Ships The Holiday, Ecstasty, and Sensation..

The later two handle about 20 percent more guests than the Holiday.