|Day Low/High||22.27 / 22.95|
|52 Wk Low/High||16.32 / 31.52|
Carnival, Royal Caribbean and Norwegian have fully returned to their pre-pandemic valuations -- but the waters are far from safe.
Cruise lines higher in sympathy with airlines. I have very small short positions in and which I plan to expand. But give the stocks a wider berth before I proceed.
Bank of America's research department delivered new indications that Omicron impacted the cruise line recovery in December - with core cruise spending -39% after being down -29% in November, 2021. December credit card spending on cruises were -46% ...
* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...
How bad is the cruise industry? I not only looked at the stocks, I booked a trip. Let me tell you about both.
I am short Royal Caribbean Cruises and Carnival Corp. . Here's more negative cruise line news...
Positive news on Omicron is more powerful at the moment, at least for the markets, than the overhanging probability of tighter monetary policy.
The party is over for CCL for now, and we have the damp charts to prove it.
Shares of cruise line operators were hammered last Friday while precious metals languish despite inflation worries.
The company's massive debt and significant share dilution plus its uncertain prospects continue to make it unattractive to this value investor.
Plus, a look at where central bank policies appear to be heading.
Let's remember, when the government is working together, it can accomplish great things -- like avoiding what could have been the worst downturn this nation and this world has ever seen.
Other cruise operators suffered more damage to their capital structures due to the pandemic but none appeal to this value investor.
Like Carnival Corp., this rival cruise line operator has seen its debt and shares outstanding climb over the last 18 months.
The cruise line operator still appears overvalued based on its huge share dilution and its iffy business prospects near term.
Buyers make or break companies with their voting or buying or betting. Somedays it's all that matters.
The cruise operator is burning through tons of cash and cautions that its third-quarter margins will be below normal due to restrained occupancy rates.
It is hard to justify the current price of the cruise line operator based on big increases in its debt and shares outstanding.
Let's look at the many positive story lines out there -- which having nothing to do with the Fed -- and what they mean for investors.
Welcome to the 'new' old world -- the world we had before all the new people and their money came into the market.
The company is in a secular downtrend fundamentally, but the stock has risen with the market in this wild ride over the past 12 months.
The window the company offered this week on its results and financial state continue to give this value investor pause.
What's really important is when will passengers return -- and here's my bet on that.
The issue is when the data conflict with the prevailing narrative. We are in such a position now.
Looking at a painting by Renoir side by side. You see beauty. I check my watch. The same is true with economic policy.
I think it's worth examining how we can spot a bottom the next time after the inevitable selloff.