+ Watch CCL
on My Watchlist
A global cruise company, which provides cruise vacations.
I've picked a lot of post-oil-crash stocks right (RUTH, for one) and a lot of them wrong (CONN comes to mind). But I'm hoping that I got this one right. People will be taking more cruises, right?
(price deferential to Royal Caribbean is too wide, aging populations love cruises, high barrier to entry, falling oil prices mean input costs fall and thus profits rise)
Ebola anxiety will spoil the trip. Buy bleach?
Sinking ship Carneval http://www.gurufocus.com/stock/CCL
Through the mishaps on board of the cruise lines owned by Carnival, fewer customers will take the cruise ships to sea. As a result of the lower income, Carnival cruise lines will have a decreased stock price.
arbitrage opportunity based on dual-listing structure
Companies that have a string of bad news that have little to do with the overrall health of the company are appealing buys.
Laugh at me if you will. This company has had a bad run of news and recently offered a dim view of the next year. So why the green thumb you may ask?First, technicals that I like. PEG is good, Projected EPS growth is good, a decent dividend, Net Profit Margin is solid.Second, let's call this my gut feeling. More and more people look for affordable getaways and hundreds of thousands cruise every year and that number only will continue to grow if you look at an overview of the industry. This makes it a no brainer in my book as I look at the recent news as a juicy pull back to a price I can sink my teeth into with a nize sizable buy. Sure there may be some short term angst and gnashing of teeth over bad news, but in the long run I think I will be happy with this position in the five year time frame...
Lots of bad press will, um, sink this one...
While this stock with its current major holder list will be hard to break the supports on the way down. One cannot argue that these large institutions that will be trying to keep the stock afloat because they own the huge debt of this company, will ultimately be holding the bag of a company that may just be forced to liquidate some of its assets. This compay is going to have to do some real PR to keep afloat, no pun intended. I don't see anyone wanting to own this one again within this season and maybe not until the fall travel season begins again...and by then, it maybe too late in some aspects.
First, it's only fair to say I'm basically a day trader. Feel free to bet against this stock, but I buy long and sell short daily, and CCL is never on my short list. I usually buy 100 to 300 shares at a time. Top price for CCL is $38.70. My goal is to average 9% on my investments. I'm pleased to say I've been able to accomplish this for six consecutive years. I'm reasonably sure most investors want more, but you can't day trade for long if you get greedy. Good luck in 2013.
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Stormy weather will continue to cloud Carnival Corp.’s outlook for some time, particularly if unfortunate incidents continue to accrue. Lawsuits will complicate quick recovery.
Bad news keeps on coming in.
The people who go on carnival cruises are not the people who check the news everyday... they are not the people with money to go on a princess cruise instead... They are kids looking for great deals over spring break and modest families looking for a summer vacation with their kids. This crash has spooked some investors and is what I would refer to as a good opportunity to make a modest gain off of something that will be forgotten in 3 months. And sometimes you have to wonder if the media which makes such a big deal out of this event does make it such a big deal so that they can make a gain themselves... I know it's conspiracy... I'm just saying
Sinking a ship during a pass and review can't be good for business.
The Italian disaster is tragic, but the news will fade fast, and the selloff is disproportionate to any liabilities that will come from it.
After it plummeted today i expect it to come back up atleast 10%
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