mcrcruiser Posted October 2, 2019 #1 Share Posted October 2, 2019 Carnival Corp stock is very close to it's yearly low . now that the stock market is pulling back due to 2 months of contracting manufacturing activity in the USA ,the over all stock market is reacting very negatively .Today the DOW Jones average was down at one point over 500 points . Certainly ,hospitality stocks are not a good idea to buy or own should the USA slide into a recession . It is coming any way because recessions do come,at some point in time .Both Europe & Japans economies are in trouble & China's economy has been on a slide with the tariff wars .This does not bode well & the cost of oil has also been moving up in cost . These are all head winds to any hospitality stock imo best to sit & watch what price CCL settles at in several trading days from now .Yes the OBC benefits are nice but ,not guaranteed .Each year the Carnival corp board of directors must vote to continue that benefit .Also .the dividend could be suspect in hard times ,for this cruise corporation ,The bottom line is be very careful making any decision to buy 1 1 Link to comment Share on other sites More sharing options...
voljeep Posted October 2, 2019 #2 Share Posted October 2, 2019 yes ... I always follow anonymous poster forums very closely in order to make my buy/sell limits and to balance my portfolio ... thanks for the heads up about CCL ...Europe, Japan, and China 5 8 Link to comment Share on other sites More sharing options...
neverbeenhere Posted October 2, 2019 #3 Share Posted October 2, 2019 This was Saturday's recommendation. Link to comment Share on other sites More sharing options...
Colo Cruiser Posted October 2, 2019 #4 Share Posted October 2, 2019 1 hour ago, mcrcruiser said: Carnival Corp stock is very close to it's yearly low . now that the stock market is pulling back due to 2 months of contracting manufacturing activity in the USA ,the over all stock market is reacting very negatively .Today the DOW Jones average was down at one point over 500 points . Certainly ,hospitality stocks are not a good idea to buy or own should the USA slide into a recession . It is coming any way because recessions do come,at some point in time .Both Europe & Japans economies are in trouble & China's economy has been on a slide with the tariff wars .This does not bode well & the cost of oil has also been moving up in cost . These are all head winds to any hospitality stock imo best to sit & watch what price CCL settles at in several trading days from now .Yes the OBC benefits are nice but ,not guaranteed .Each year the Carnival corp board of directors must vote to continue that benefit .Also .the dividend could be suspect in hard times ,for this cruise corporation ,The bottom line is be very careful making any decision to buy https://boards.cruisecritic.com/topic/2699443-shareholder-obc-good-time-to-buy-stock-price-is-down/ Link to comment Share on other sites More sharing options...
Colo Cruiser Posted October 2, 2019 #5 Share Posted October 2, 2019 I could care less how the stock performs. I purchased it for the OBC. Earned OBC has probably exceeded the price I paid for it. 😂 14 Link to comment Share on other sites More sharing options...
TM Posted October 2, 2019 #6 Share Posted October 2, 2019 I would agree with holding the stock. I never bought it for the investment hoping that it would rise but that of course is always an added benefit. It was purchased specifically to get the onboard credit which over the years has given me a few thousand dollars in ship credit. At this point that has probably paid for the purchase price. In addition, there are always the dividends. Most people that cruise regularly can probably afford the investment in 100 shares of CCL stock. 4 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted October 2, 2019 #7 Share Posted October 2, 2019 20 minutes ago, Colo Cruiser said: I could care less how the stock performs. I purchased it for the OBC. Earned OBC has probably exceeded the price I paid for it. 😂 Agree. Today just purchased another 100 shares. Just for the heck of it. Nice sailing with princess for us. I get the Stock OBC, Future cruise credit $50 or $100 and the Veterans OBC same as the stock offer. Nice! Sometimes Princess has a promotion OBC and so does my TA. All adds up very nice. Carnival stock is the very best to own. Like any stock. It has its ups and downs. In the mean time I get the OBC and the dividends. Royals stock is twice the price and they screw you. If they offer let's say $50.00 OBC and your stock says you get $100.00 for the 7 day cruise. NO you do not. They $50 you already received so you only give the difference another $50.00 If you already have $100 OBC you get zero for the stock. 3 Link to comment Share on other sites More sharing options...
Joken35 Posted October 2, 2019 #8 Share Posted October 2, 2019 I look At the benefit as “ unreported income”! CCL has a better Program than other stocks I own . Other have more restrictions. 1 Link to comment Share on other sites More sharing options...
mcrcruiser Posted October 2, 2019 Author #9 Share Posted October 2, 2019 Buying CCL stock for the share holder OBCs id a good idea . However ,there is NO guarantees that the Board of Directors would continue issuing it in much harder times for the corporation & same for the dividend . any one imo who thinks that can not happen should never own any stock . Now I am not condeming CCL as a stock to buy .We have bought & sold it for the OBCs just like many have . The way we see it today is very different than when the stock market was soaring due to excellent economic conditions .We do not own the stock now ;but ,would we consider buying it in the future ,The answer is yes under better economic circunstances for the country Any one can buy the stock ,het the OBC but holding it ,still loose money if the stick tanks badly .JMVHO 1 Link to comment Share on other sites More sharing options...
mcrcruiser Posted October 2, 2019 Author #10 Share Posted October 2, 2019 Just now, mcrcruiser said: Buying CCL stock for the share holder OBCs id a good idea . However ,there is NO guarantees that the Board of Directors would continue issuing it in much harder times for the corporation & same for the dividend . any one imo who thinks that can not happen should never own any stock . Now I am not condeming CCL as a stock to buy .We have bought & sold it for the OBCs just like many have . The way we see it today is very different than when the stock market was soaring due to excellent economic conditions .We do not own the stock now ;but ,would we consider buying it in the future ,The answer is yes under better economic circunstances for the country Any one can buy the stock ,het the OBC but holding it ,still loose money if the stick tanks badly .JMVHO BTW we are simply alerting any one looking to buy CCL now to understand the pros & cons 1 Link to comment Share on other sites More sharing options...
neverbeenhere Posted October 2, 2019 #11 Share Posted October 2, 2019 Royal has recently "loosened" their Shareholder benefits. They are apply them to more sailing. The Royal benefit seem to be most useful for passengers booking inside staterooms without additional benefits. 1 Link to comment Share on other sites More sharing options...
Californian Posted October 2, 2019 #12 Share Posted October 2, 2019 Carnival Corp. ended the day at $41.44. Link to comment Share on other sites More sharing options...
Go-Bucks! Posted October 3, 2019 #13 Share Posted October 3, 2019 2 hours ago, Californian said: Carnival Corp. ended the day at $41.44. I have a total of 200 shares, bought in 2008 at $25/share, so not a problem since I will hold for the longterm. Between OBC, dividends, and price increases it's been quite profitable...and it's in a Roth IRA!! 5 Link to comment Share on other sites More sharing options...
Thrak Posted October 3, 2019 #14 Share Posted October 3, 2019 We bought at $37.05 - much higher than many here paid. However, at the end of next year (assuming they still pay the dividend - we already have the OBC applied for next fall's cruises) we will have received enough benefit from dividends and OBC to more than pay the initial cost of the stock. We are pretty surprised to see how low the stock has fallen after watching it hit the high $60s but hopefully it will rebound and Carnival Corp. will continue to pay dividends and to extend the OBC offers. 2 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted October 3, 2019 #15 Share Posted October 3, 2019 The stock went low after Carnival got hit with the 40 mill and another 20 mill for pollution. Plus the market went down. Once they are back on good standings. I would think it will go back up. Might be a year or two. Up or down as stocks do. I am happy with it. We cruise a lot and get more in OBC than any return. Especially with Princess. Carnival stock alone Carnival Dec $100 Princess Jan $100 Princess Feb $100 Carnival Dec 2020 $100 already received the OBC for all 4 cruises. 2 more to book for 2020 just do not know which ones at this time. 3 Carnival ships booked for 2021. Link to comment Share on other sites More sharing options...
The Mikado Posted October 3, 2019 #16 Share Posted October 3, 2019 CCL at 52-week low today. Link to comment Share on other sites More sharing options...
Go-Bucks! Posted October 3, 2019 #17 Share Posted October 3, 2019 50 minutes ago, The Mikado said: CCL at 52-week low today. Then time to buy or buy more...remember "buy low, sell high." And plan purchases for the long term!👍 1 Link to comment Share on other sites More sharing options...
Rare geoherb Posted October 3, 2019 #18 Share Posted October 3, 2019 I'm glad I bought CCL stock several years ago. I have recouped the purchase price in OBC and dividends. I realize that both could go away, but I doubt that they do. One of my investments in another company did cut dividends dramatically after I bought it. The price dropped 10 percent to reflect the change in dividends and the difficult economic circumstances that forced the change. But they've bounced back to a respectable level and the stock price has rebounded as well. 1 Link to comment Share on other sites More sharing options...
The Mikado Posted October 3, 2019 #19 Share Posted October 3, 2019 I can get an immediate 6% return if I buy 100 shares today and apply the OBC to our next cruise in Nov. 3 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted October 3, 2019 #20 Share Posted October 3, 2019 1 hour ago, The Mikado said: CCL at 52-week low today. My wife got 100 this morning. 2 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted October 3, 2019 #21 Share Posted October 3, 2019 1 hour ago, The Mikado said: I can get an immediate 6% return if I buy 100 shares today and apply the OBC to our next cruise in Nov. 6% for a 14 day or longer cruise. Link to comment Share on other sites More sharing options...
The Mikado Posted October 3, 2019 #22 Share Posted October 3, 2019 3 minutes ago, twodaywonder said: 6% for a 14 day or longer cruise. Yep, doing a 15-day Hawaii next month. Just booked this morning. Yay. 1 Link to comment Share on other sites More sharing options...
paradiselivin1 Posted October 3, 2019 #23 Share Posted October 3, 2019 So..we bought close to the top. I guess we'll have to cruise more to make up for it??🤣 3 Link to comment Share on other sites More sharing options...
The Mikado Posted October 3, 2019 #24 Share Posted October 3, 2019 8 minutes ago, paradiselivin1 said: So..we bought close to the top. I guess we'll have to cruise more to make up for it??🤣 Yes... the more you buy, the more you save! 1 Link to comment Share on other sites More sharing options...
ALWAYS CRUZIN Posted October 3, 2019 #25 Share Posted October 3, 2019 25 minutes ago, The Mikado said: Yep, doing a 15-day Hawaii next month. Just booked this morning. Yay. Way to go! Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now