CCL stock dips below 40

[Farts]

With all of the negative press coverage, it doesn't surprise me that the stock has taken a hit.

 

What do you think rock bottom is? I would like to buy stock, but am holding out for now until I see how things go. 

[Denverdonkeys]

if they can maintain the cash dividend, the lower price just makes the yield better.

 

the whole market is paralyzed with coronovirus, stocks with higher exposure (china operations or supply chain, international entertainment/travel) will not be rebounding soon if I had to guess.

[Joe817]

"Cruise line stocks fall after State Department urges citizens not to take cruises in Asia"

Shares of Carnival Corp. CCL, -5.85%, Norwegian Cruise Line Holdings Ltd. NCLH, -7.80% and Royal Caribbean Cruises Ltd. RCL, -5.78% were down - 1.5%, 2.5%, and 3.5%, respectively, in Friday afternoon trading. The U.S. Department of State said Thursday that U.S. citizens should "reconsider" traveling on cruise ships to or within Asia over concerns about COVID-19. 

 

https://www.marketwatch.com/story/cruise-line-stocks-fall-after-state-department-urges-citizens-not-to-take-cruises-in-asia-2020-02-21?mod=mw_quote_news

 

It's not a good day for Wall Street. Right now the Dow is down 898.74 points. It won't be long until the Dow looses so much that they will halt trading to prevent further sliding, IMHO.

[shof515]

It is crazy that this time last year, the stock prices was as high as 60 dollars. It is insane how the market reacts to the virus and other things

[Denverdonkeys]

I dont think they will halt trading today (goodness I hope not).

 

i think it will come back a little throughout the day. the early morning on a monday after bad international trades is choppy. people are scared and trying to cut losses.

 

if you have money, it's a buying opportunity.

[Saint Greg]

All of the cruise lines are taking a hit. NCL was at $55 two weeks ago and they're 43 now. RCCL was at $126 about a month ago it's 99 now.

[jimbo5544]

Hunker down and ride it out

[Stick93]

Time to buy if you are a believer

[Joe817]

7 minutes ago, Stick93 said:

Time to buy if you are a believer

Exactly! It's at its 52 week low, I believe.

[jimbo5544]

1 minute ago, Joe817 said:

Exactly! It's at its 52 week low, I believe.

Question is where is the bottom

[Joebucks]

1 hour ago, shof515 said:

It is crazy that this time last year, the stock prices was as high as 60 dollars. It is insane how the market reacts to the virus and other things

 

The stock has been taking a beating far before the virus. The virus definitely didn't help. I bought mine at the worst time.

[nhraformula00]

Its sell off Monday

[Farts]

18 minutes ago, jimbo5544 said:

Question is where is the bottom

Right. I currently don't own any shares, but would like to buy. I plan on holding onto it for years and just get the shareholder OBC.

 

I am in no rush to buy as I cancelled all my cruises for the rest of the year bc of CoVid19. I cruise about 3x/year prior to this and the obc would be a great perk.

 

The question is where is the bottom.

 

The stock is currently sitting at 38.73. 

Edited February 24, 2020 by Farts

[elcuchio24]

31 minutes ago, Joebucks said:

 

The stock has been taking a beating far before the virus. The virus definitely didn't help. I bought mine at the worst time.

 

sell it, harvest the loss so you win at tax time....buy back in in 30 days to avoid the wash trade.

[Garth2]

No one, not even Warren Buffet, can accurately predict when any stock will hit rock bottom.  If you buy 100 shares of Carnival at $40 per share it will pay you $200 in dividends this year.  If you also go on a 14 day Carnival cruise this year you will receive $200 of on board credit.  That's a 10% return on your investment, and the OBC is not taxable. 

[bury me at sea]

If I owned it I would hold - the old buy low, sell high theory.

 

If I were looking to buy it I would wait for a clear sign it had bottomed out.

 

 

[Purvis1231]

I am afraid it will drop even lower.  

[Joe817]

30 minutes ago, Purvis1231 said:

I am afraid it will drop even lower.  

It already has. At 1:48 EST the stock is $38.01

[VentureMan_2000]

Looking to purchase another 100 shares...  Keeping my eye on CCL's price.

[Purvis1231]

16 minutes ago, Joe817 said:

It already has. At 1:48 EST the stock is $38.01

I bought my stock about 10 years ago for $31.00. How low will it go? IS this the end of the cruise industry? 

[N7786W Flyer]

Carnival stock has been a dog for some time...even before this crisis.  By my figures, the stock is down 18% this year...and that doesn't include what it does today.

 

Garnett

[n6uqqq]

Fire sale prices today. But if the " green new deal" ever goes into effect then the prices may plunge even more, as I have never seen an electric cruise ship 😉

Edited February 24, 2020 by n6uqqq

[ALWAYS CRUZIN]

23 minutes ago, N7786W Flyer said:

Carnival stock has been a dog for some time...even before this crisis.  By my figures, the stock is down 18% this year...and that doesn't include what it does today.

 

Garnett

It is only a concern if you intended to sell. Last year I received $400.00 obc plus the dividends. This year already $200.00 in OBC Jan and next month. More to come. I have no complaints at all. I just sent more money to my stock account to buy more. I will see tomorrow what will it be.  This time to buy low and sit on it till I get a nice profit. It will go up. Might be a year. That is fine with me. Might try Royal again now that they are doing the OBC same as Carnival.

[CaneDawg]

Who knows, but if goes to 35 I'll buy  another 100, then hold and dump at 55

[Drinal01]

I been eyeing the stock now for a month to get the OBC.  I predicted with all the issues stock would drop.  My buy is $32...  No math to back that up.