CCL shareholders: interesting article

[dsotm73]

Earlier this week CCL stock price declined 9% in one day, resulting in some discussion here and around the interwebs as to the cause of the price decline (because Carnival did away with tablecloths, duh!) and whether this was a good time to purchase the stock.

 

This article came across my feed this morning and I thought it was a good explanation in layman’s terms so I thought I would share.

 

Key Points Carnival Corporation's Management Wants Shareholders to Know

https://finance.yahoo.com/news/key-points-carnival-corporation-apos-205700964.html

 

 

 

Sent from the iPhone. Spelling errors are the fault of auto-correct.

 

 

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[Micahs Grandad]

Interesting. Thought they had hedged fuel prices years ago but guess I am wrong

[dsotm73]

Interesting. Thought they had hedged fuel prices years ago but guess I am wrong

 

 

 

I was under that same impression.

 

 

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[riffatsea]

"Hedging" fuel prices involves buying futures contracts on commodities which is a risky business if you know anything about commodity trading.

It is a conservative idea to stay away from doing that.

BTW Carnival wasn't the only stock down that day. The whole market was way down including other cruise lines. Really funny to read that some folks thought it had anything to do with tablecloths!!!

[Kamloops50]

Royal Caribbean stock went down 10% as well this week.