Carnival Stock Below $10

[Tom-n-Cheryl]

9 hours ago, pwizzle said:

Bought 100 at 11.35 last week to get that $100 obc. Already down $260 lmao

 

Just book A LOT of cruises PDQ, and you can realize more return !  😄 

 

Tom

[Tom-n-Cheryl]

42 minutes ago, mz-s said:

 

Where is the floor though?

 

After you hit the 15 drink limit, you may find it...

 

I hope it's not a nail biter - like when I watched Sirius drop to a nickel before someone swooped in to bail it out. I was selling on the way down rather than buying - me of little faith (or nerve, or stomach...)

 

Tom

[mz-s]

1 minute ago, Tom-n-Cheryl said:

 

After you hit the 15 drink limit, you may find it...

 

I hope it's not a nail biter - like when I watched Sirius drop to a nickel before someone swooped in to bail it out. I was selling on the way down rather than buying - me of little faith (or nerve, or stomach...)

 

Tom

 

Granted right now there's not a lot of risk, at least not like when it was around $80 a share a few years ago. But there's a big difference in buying at $5 and buying at $9 when you're talking about buying 100 shares.

[Oakman58]

1 hour ago, mz-s said:

 

Where is the floor though?

 

For me it doesn't matter where the floor is unless they go belly-up and then I would lose less than 1200 dollars.  I bought my 100 shares when the stock went below $12.  If you can't afford to take the loss you probably shouldn't be spending money on cruising either.  Along with the shareholder benefit, I also bought for the long-term potential of the stock.  Since I have three future cruises under the Carnival umbrella in the next 12 months, I should get $100, $250, and $100 OBC.  That's a 37.5% dividend on a $1200 investment.  

[Tom-n-Cheryl]

11 minutes ago, Oakman58 said:

 

For me it doesn't matter where the floor is unless they go belly-up and then I would lose less than 1200 dollars.  I bought my 100 shares when the stock went below $12.  If you can't afford to take the loss you probably shouldn't be spending money on cruising either.  Along with the shareholder benefit, I also bought for the long-term potential of the stock.  Since I have three future cruises under the Carnival umbrella in the next 12 months, I should get $100, $250, and $100 OBC.  That's a 37.5% dividend on a $1200 investment.  

 

There's always a chance that Carnival could pull that benefit. I'm hoping they don't consider that for my "cashing in" cruise for our 75th Milestone benefit that we'll use next May. That should give us a few grand  in OBC. Trying to upgrade to the Presidential Suite on the Celebration for that very reason - but they're both still booked... and I check daily. 🙂 

 

Tom

[Mary229]

2 minutes ago, Tom-n-Cheryl said:

 

There's always a chance that Carnival could pull that benefit. I'm hoping they don't consider that for my "cashing in" cruise for our 75th Milestone benefit that we'll use next May. That should give us a few grand  in OBC. Trying to upgrade to the Presidential Suite on the Celebration for that very reason - but they're both still booked... and I check daily. 🙂 

 

Tom

I think the current OBC was reinstated until July 2023.  The date is given on the OBC form.  It would require a shareholder vote to revoke.  You can actually apply now for your OBC, there is no reason to wait

Edited June 17, 2022 by Mary229

[Mary229]

Here is the shareholder benefit

 

[Joe817]

The stock opened at $8.18 this morning. For 100 shares, that's less than the cost of cheers for a 7 day cruise. That's cheap. 

[mz-s]

1 minute ago, Joe817 said:

The stock opened at $8.18 this morning. For 100 shares, that's less than the cost of cheers for a 7 day cruise. That's cheap. 

 

Either way you're sending $800 down the drain - either the commodes onboard or as a donation to Arnold Donald's retirement package. At least with the stock you can get an onboard credit benefit, unless you get free or nearly free cruises from the casino.

[Joe817]

3 minutes ago, mz-s said:

 

Either way you're sending $800 down the drain - either the commodes onboard or as a donation to Arnold Donald's retirement package. At least with the stock you can get an onboard credit benefit, unless you get free or nearly free cruises from the casino.

I honestly do not think that Carnival will go under. The entire economy is tanking, not just the cruise lines. The cruise lines will survive. 

[mz-s]

Just now, Joe817 said:

I honestly do not think that Carnival will go under. The entire economy is tanking, not just the cruise lines. The cruise lines will survive. 

 

It's been discussed through this thread - no Carnival will not disappear. But the corporation that you are investing in when you buy $CCL very likely could. A bankruptcy reorganization. Shuffling around the shells in the game so to speak.

[Joe817]

3 minutes ago, mz-s said:

 

It's been discussed through this thread - no Carnival will not disappear. But the corporation that you are investing in when you buy $CCL very likely could. A bankruptcy reorganization. Shuffling around the shells in the game so to speak.

I doubt that very seriously. CCL will survive, without bankruptcy.  But as they say.....we shall see. 

[Tom-n-Cheryl]

17 minutes ago, Joe817 said:

The stock opened at $8.18 this morning. For 100 shares, that's less than the cost of cheers for a 7 day cruise. That's cheap. 

 

Stock numbers are strange, I'm seeing the day open at $8.91 and the day low at $8.75.

[Joe817]

9 minutes ago, Tom-n-Cheryl said:

 

Stock numbers are strange, I'm seeing the day open at $8.91 and the day low at $8.75.

You are correct. According to Market Watch, CCL opened at $8.91. My bad. But in my defense, I hadn't had my first cup of coffee! 

[Tom-n-Cheryl]

34 minutes ago, Joe817 said:

You are correct. According to Market Watch, CCL opened at $8.91. My bad. But in my defense, I hadn't had my first cup of coffee! 

 

Or - perhaps you were seeing the opening numbers for next Tuesday !!

 

Tom

[Saint Greg]

13 hours ago, pwizzle said:

Bought 100 at 11.35 last week to get that $100 obc. Already down $260 lmao

 

Could be worse. Could be a lot worse. I bought my first 100 before the pandemic.

[Mary229]

14 minutes ago, Saint Greg said:

 

Could be worse. Could be a lot worse. I bought my first 100 before the pandemic.

I did a wash of those.  I bought the new shares, waited the appropriate amount of time and sold the old shares. Used the loss to offset gains on taxes.  I am positioned to do the same thing right now.   For me CCL is all about OBC, not an investment 

Edited June 17, 2022 by Mary229

[PittsburghGirlee]

Bought my 1st set of 100 shares at $37.50 - Thought that was a bargain back then/2008ish 😞

Bought my 2nd set of 100 shares at $12.37 - Dunno

Bought my 3rd set of 100 shares at $8.90 - I think that was when the Concordia flipped over, not 100% (2012)

 

I am contemplating buying 100 more soon.  Guess I'm a glutton for punishment or a hopeless dreamer!!

[BlerkOne]

2 hours ago, Tom-n-Cheryl said:

 

Stock numbers are strange, I'm seeing the day open at $8.91 and the day low at $8.75.

Currently at 9.42 - CCL and MGM have signed a gambling agreement on a betting app. Do you feel lucky?

[Tom-n-Cheryl]

13 minutes ago, BlerkOne said:

Currently at 9.42 - CCL and MGM have signed a gambling agreement on a betting app. Do you feel lucky?

 

Yep - saw that earlier and decided to start a thread on the topic. Do I feel lucky? (depends when you ask me!)

 

Tom

[Saint Greg]

2 hours ago, Mary229 said:

I did a wash of those.  I bought the new shares, waited the appropriate amount of time and sold the old shares. Used the loss to offset gains on taxes.  I am positioned to do the same thing right now.   For me CCL is all about OBC, not an investment 

It never got close to high enough to offset my losses. If I buy 100 more now and it goes back up to 30 and I sell my 200 cheap shares, then it will offset my losses. Otherwise I’ll get the money back in OBC in about…..15 years.

 

Edited June 17, 2022 by Saint Greg

[Mary229]

Just now, Saint Greg said:

It never got close to high enough to offset my losses. If I buy 100 more now and it goes back up to 30 and I sell my 200 cheap shares, then it will offset my losses.

You can sell odd lots.  Anyway I have only kept 100 shares of carnival for OBC and have washed them before. The first shares were bought many, many years ago 

[Saint Greg]

21 minutes ago, Saint Greg said:

It never got close to high enough to offset my losses. If I buy 100 more now and it goes back up to 30 and I sell my 200 cheap shares, then it will offset my losses. Otherwise I’ll get the money back in OBC in about…..15 years.

 

I think I like option A so I bought another 100 at $9.59. Hopefully with 200 to sell it will get back high enough to get my full investment back and still have the other 100 for OBC.

[CruzDayz]

5 hours ago, Tom-n-Cheryl said:

 

There's always a chance that Carnival could pull that benefit. I'm hoping they don't consider that for my "cashing in" cruise for our 75th Milestone benefit that we'll use next May. That should give us a few grand  in OBC. Trying to upgrade to the Presidential Suite on the Celebration for that very reason - but they're both still booked... and I check daily. 🙂 

 

Tom

Good for you, I have my 25th sitting there for a few years too.  I better use it soon. 

[CruzDayz]

1 hour ago, BlerkOne said:

Currently at 9.42 - CCL and MGM have signed a gambling agreement on a betting app. Do you feel lucky?

I like this. Princess has it and except for the Super Bowl I have done ok on my sports bets. It’s a fun way to invest some OBC.