wesport Posted April 24, 2020 #1 Share Posted April 24, 2020 Watching CNBC, Ariel Investments in the camp that CCL is down but not out. Based on future bookings and low oil. Link to comment Share on other sites More sharing options...
resistk Posted April 25, 2020 #2 Share Posted April 25, 2020 I'd wait and see if CCL trades in the 7-8 range again on some bad news or other and then take the dead cat bouce up to 12 and sell for a 50% gain. The next quarterly filing will be ugly. Link to comment Share on other sites More sharing options...
resistk Posted April 25, 2020 #3 Share Posted April 25, 2020 4 hours ago, wesport said: Watching CNBC, Ariel Investments in the camp that CCL is down but not out. Based on future bookings and low oil. That future booking stat, may earn them a shareholder lawsuit whe it becomes apparent those are either low deposits or shifted bookings. There is no boom in cruising going on, just shifting the deckchairs aroud on a sinking ship. 2 1 Link to comment Share on other sites More sharing options...
npcl Posted April 25, 2020 #4 Share Posted April 25, 2020 It has been trading in a range between 11.5 and 13. Though it seems to be edging closer to a break out on the down side. Link to comment Share on other sites More sharing options...
Janet76 Posted April 26, 2020 #5 Share Posted April 26, 2020 CCL/NCL/RCL have huge current liabilities vs current asset. Just look at the balance sheet. If sailing does not start soon, one of them will be heading for chapter 11 or stock dilution to stay afloat. Q1 and Q2 earnings will be ugly. Hitting the 52 week high is not likely for few years. 1 Link to comment Share on other sites More sharing options...
Rare HappyInVan Posted April 26, 2020 #6 Share Posted April 26, 2020 Future booking mean nothing. Actually sailings generates real revenues. 3 Link to comment Share on other sites More sharing options...
resistk Posted April 26, 2020 #7 Share Posted April 26, 2020 12 hours ago, Janet76 said: CCL/NCL/RCL have huge current liabilities vs current asset. Just look at the balance sheet. If sailing does not start soon, one of them will be heading for chapter 11 or stock dilution to stay afloat. Q1 and Q2 earnings will be ugly. Hitting the 52 week high is not likely for few years. Penny stocks on OTC with a 'Q" ticker may be in their future: https://www.investopedia.com/ask/answers/06/chapter11stocksbonds.asp Just because they were high and mighty once doesn't mean they could not be the next Sears. 1 Link to comment Share on other sites More sharing options...
DaveOKC Posted April 26, 2020 #8 Share Posted April 26, 2020 On 4/24/2020 at 7:25 PM, resistk said: I'd wait and see if CCL trades in the 7-8 range again on some bad news or other and then take the dead cat bouce up to 12 and sell for a 50% gain. The next quarterly filing will be ugly. The Street already expects bad news (thus the stock being down 75%), so it really depends on when they can start sailing again and the public's reaction. At this point, no one knows of course, so all cruise line stocks are a huge gamble - you could lose it all or triple your money. Link to comment Share on other sites More sharing options...
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