Stock Pick by Usman Niaz

CCL: Carnival stinks!

Start trading CCL with real money!

Rate Analysis

2 ratings

Posted 498 days ago on 7/11/08

Market call:CCL will go DOWN
Target: $20.00 on 8/11/08
Current: $32.09 (5.94% from time of market call)

trust me. NO ONE is taking cruises in this recession.

Add a Comment

Comments

Sort: Date Posted | Member

duquguy

Posted 3/23/2009, 1:14 pm

I just returned from a cruise in this recession. It was on carnival. All staterooms were booked full.

Alvin Siu

Posted 7/18/2008, 2:54 pm

Actually I'm planning on taking a cruise in September... Gas prices aren't affecting the cruise line prices enough for a drop in vacation/recreation time. Vacation, to me, is considered a non-cyclical commodity, everybody needs it. It just depends on what you want to do on your vacation. Since cruises are the cheapest of luxurious vacations, I do not believe it will drop 30% of its entire net worth. That would mean 30% of its sales would have to drop and I very much doubt that would happen since the Baby Boomers are all retiring.

Displaying 1 - 2 of 2

Subscribe to Stock Analyses Comments feed: