If you want 100 shares of Carnival stock

[MD34]

Total newbie to the stock market here...... :o

 

To anyone who is a newbie to the stock market, please (for your own sake) invest the time to learn what it is all about. Otherwise you may be in for some heavy losses, which the OBC will never cover.

 

Keep in mind that Carnival renews the OBC program on a year by year basis, and like the dividend, is not guaranteed.

[Mikel1733]

I find your comment about not losing on a purchase at $22/share interesting given that the OP started this thread just over a month ago announcing the great news that shares were only $32.74! The cruiselines are being hammered with cancellations and that has resulted in the deep sales we are currently seeing. Even with a dramatic reduction in the cost of fuel, the immediate outlook for cruiselines is not good and margins will suffer throughout the winter and into the spring at the minimum. If you plan to hold your stock, then it will likely work out for you but not before we see a much lower valuation in the stock price for CCL or any other cruiseline.

 

I agree......there was a thread before this one when the stock was at $39-$40 and some thought it was a great buy then. Results at Disney were much worse than expected yesterday. I still think you will buy this stock in the mid teens.

[glrounds]

To anyone who is a newbie to the stock market, please (for your own sake) invest the time to learn what it is all about. Otherwise you may be in for some heavy losses, which the OBC will never cover.

 

Keep in mind that Carnival renews the OBC program on a year by year basis, and like the dividend, is not guaranteed.

 

You make excellent points . . . as the cruiselines struggle to fill ships heavily discounting many cruises now, I'm guessing that OBC for 100 shares of stock will be NEXT TO GO ! !

Leisure stocks will continue to be hit hard as we flatten out in this recession or, even worse, plunge deeper. Now getting 10-12 offers per week (snail mail and e-mail) from Vegas casinos, many of which are now in serious financial straits. Tons of cruising, air, and hotel specials on a daily basis also.

[cruisin4fun323]

I am also getting TONNNNNSSSS of stuff from Vegas. Free nights at Ceasars with tickets to Elton John "I think" were the latest. We usually go to Vegas and take 1 cruise a year so we get the best of both worlds but this comming year we are giving Vegas up. :(

[Nezmo]

Again, I apologize if this is answered somewhere back in the thread already:

 

Does 100 shares get you OBC of $100 per person on a booking or one $100 OBC per booking?

[rme3]

It's per cabin.

[DqALEX]

This question might well have already been answered in this 23 page thread, but I don't have time to hunt for it, and the search isn't working for me. I have never bought stocks before. Is there a 100 share minimum to purchase, or can you buy, say 50 shares this month and 50 shares next month? Do you go through a broker or directly through Carnival? Total newbie to the stock market here...... :o

I bought 101 shares the first time. When my dividend came I bought just 3 shares. You can buy as many as you wish at a time

[Hei1980]

Again, I apologize if this is answered somewhere back in the thread already:

 

Does 100 shares get you OBC of $100 per person on a booking or one $100 OBC per booking?

 

If you are married, you can buy 50 shares in your name and 50 shares for your spouse. We got our stock a few years back; a couple more cruises and we will break even! Yea, CCL! Our broker was E-Trade.com.

[Nezmo]

Thanks

[DqALEX]

If you are married, you can buy 50 shares in your name and 50 shares for your spouse. We got our stock a few years back; a couple more cruises and we will break even! Yea, CCL! Our broker was E-Trade.com.

Its going to be a very long time before I break even with my Carnival stock. Your lucky

[nolaAlive]

Its going to be a very long time before I break even with my Carnival stock. Your lucky

 

Buy more stock at low prices and then it won't be so long.

[glrounds]

Its going to be a very long time before I break even with my Carnival stock. Your lucky

 

Buy more stock at low prices and then it won't be so long.

 

Alex makes a good point. Buy more now and with purchase "averaging" it brings down your cost to current value ratio of ALL the shares. :D

[Grits53]

Thanks for the replies to my questions. Although I know next to nothing about the stock market, I have been wanting to buy stock in Carnival for several months. My reason is not simply to get OBC. Despite the current state of the economy, I feel that Carnival stock would be a good investment....especially when bought at a low price, of course. (And I could definitely be wrong!) I will try to learn the basics about stock investment before I buy. I appreciate the advice.

 

PS - A little "investment" story for you..... A couple of years ago, I "invested" in a young horse with good bloodlines at the bargain price of $2500. I felt fortunate to have gotten her at that price. My plan was to use her for a breeding program and make money from her offspring. Two months later, she died in a freak accident in the pasture. In my lifetime of 55 yrs. of owning over 100 horses all totaled, she was the 3rd death for reasons other than old age. I insure horses with a value of over $5000, but the risk does not merit the expense of insurance on those of lesser value. So this was a total loss of $2500, as well as being a heart breaking experience. And the moral of this story is, regardless of how far Carnival stock falls, unless it goes to "0" value, I will come out better than I did with that horse. :cool:

[calgarygary]

Purchasing more stock to reduce the avg. share cost may be throwing good money after bad for the near future. As a long term investment, CCL will likely recover however let's look at the near term (coming few years). We are currently in a recession (it will finally be announced at the end of the quarter) that is already dramatically impacting cruising - just look at all the price reductions and obc's. The lines are doing everything they can to keep the ships full but they are faced with a terrible global economy. Combine that with the fact that CCL has 17 ships on order that will greatly increase supply at a time that demand is cratering and you have a bleak outlook for CCL.

[Mikel1733]

http://www.reuters.com/article/marketsNews/idINN0740948120081107?rpc=44

[nolaAlive]

Purchasing more stock to reduce the avg. share cost may be throwing good money after bad for the near future. As a long term investment, CCL will likely recover however let's look at the near term (coming few years). We are currently in a recession (it will finally be announced at the end of the quarter) that is already dramatically impacting cruising - just look at all the price reductions and obc's. The lines are doing everything they can to keep the ships full but they are faced with a terrible global economy. Combine that with the fact that CCL has 17 ships on order that will greatly increase supply at a time that demand is cratering and you have a bleak outlook for CCL.

 

Carnival only has 1 ship on order. Other cruise lines Carnival Corp owns have more.

 

There is no lack of money - there are tons of it waiting on the sidelines.

 

I started cruising more after 9/11 and will do the same if the economy stays in the toilet.

 

Power to the Baby Boomers!

[Grits53]

If cruise bookings are so slow, I wonder why it is that I had trouble finding a Freedom cruise for the fall of 2009 that had an aft wrap available?

[lady_cruiser]

I paid 21.54 a share yesterday (Thursday, November 7, 2008)

[nolaAlive]

If cruise bookings are so slow, I wonder why it is that I had trouble finding a Freedom cruise for the fall of 2009 that had an aft wrap available?

 

Caribbean bookings are becoming becoming more popular.

[MD34]

Carnival only has 1 ship on order. Other cruise lines Carnival Corp owns have more.

 

He did say that CCL (which is the corporation that owns the many brands) has 17 order - I actually think that it is 15 now that Ruby Princess and Splendour have been delivered. But no matter - there is still billions of dollars of commitments to new ships. as per their 2007 annual report,

"In connection with our cruise ships under contract for

construction

listed above, we have paid $1.01 billion through

November 30, 2007 and anticipate paying the remaining estimated

total costs as follows: $2.68 billion, $2.96 billion, $3.33

billion, $2.20 billion and $1.15 billion in fiscal 2008, 2009,

2010, 2011 and 2012, respectively."

 

 

That is a serious amount of coin, and they will need to generate cash flow to do it.

 

I do not know how iron clad the orders are - they may be able to postpone construction on some of the later deliveries. But by then we will likely be past the current crisis and they will want the ships.

 

They will make whatever decisions they need to in order to keep the ships sailing as full as possible.

[nolaAlive]

He did say that CCL (which is the corporation that owns the many brands) has 17 order - I actually think that it is 15 now that Ruby Princess and Splendour have been delivered. But no matter - there is still billions of dollars of commitments to new ships. as per their 2007 annual report,

 

My bad, Carnival has 2 on order, Dream and Magic. I keep forgetting Dream since I have several cruises booked on Dream already.

 

It is Splendor.

 

Carnival Corp is issuing additional stock to repurchase CUK shares or whatever makes sense. They currently have no cash problem.

 

With a bean counter now running Carnival cruise line, they are unlikely to caught short of cash.

 

Some time ago Carnival stopped ordering new ships and started reinventing the Fantasy class ships which are smaller and better suited to a shrinking economy. Basically new ships for the price of a makeover.

[calgarygary]

Carnival only has 1 ship on order. Other cruise lines Carnival Corp owns have more.

 

There is no lack of money - there are tons of it waiting on the sidelines.

 

I started cruising more after 9/11 and will do the same if the economy stays in the toilet.

 

Power to the Baby Boomers!

CCL stock is for the parent company so the stock is affected by the total corporation not just Carnival's performance. The 17 ships on order are as follows - Carnival 2, Holland America 1, Costa 5, Cunard 1, Aida 4, P&O 1, Seabourn 3.

[calgarygary]

If cruise bookings are so slow, I wonder why it is that I had trouble finding a Freedom cruise for the fall of 2009 that had an aft wrap available?

 

There will always be demand for specific cabins that make up a small portion of the ship. The current stock pricing and direction is a greater reflection of the demands facing the industry than your ability to obtain that cabin.

[nolaAlive]

CCL stock is for the parent company so the stock is affected by the total corporation not just Carnival's performance. The 17 ships on order are as follows - Carnival 2, Holland America 1, Costa 5, Cunard 1, Aida 4, P&O 1, Seabourn 3.

 

I am aware of that. As is CUK stock.

 

Carnival cruise is doing their part. I expect the others will also, or face the consequences.

[snorkler8]

I've tried looking on the net which cruise companies are under CCL and RCL and can't find anything. We like Celebrity and know they are under RCL, but what else is under RCL vs CCL?