Sarcastrix Posted March 9, 2020 #326 Share Posted March 9, 2020 9 minutes ago, 4cats4me said: $22.63 a share now Last week the CCL UK share price had been falling quicker than the US, now they're almost on par. UK price currently down 16% at 16.60 GBP = 21.66 USD Link to comment Share on other sites More sharing options...
Talisi Posted March 9, 2020 #327 Share Posted March 9, 2020 Ask Yourself this question. Why did you buy or why are you considering buying Carnival stock? For several years as the stock had very little movement the reason to purchase should have been based on a combination of dividend return and OBC when on a cruise. Now as the stock has drastically dropped those same two factors are still in play. The dividend could possibly remain the same or in most stock situations drop. One thing that will not drop soon will be the OBC. It is actually possible that it might increase as Carnival uses it as an incentive to both buy stock and cruise. Persons who just started cruising more than once a year and in particular those that go on 14 or more day cruises can experience a quick return of their investment. Just one a half years ago the price was at $60 a share, right now it is at $22.73 and fluctuating. History says that the stock will go back up it is just how long is a mystery. The other factor that will help the cruise industry lower costs is the dramatic decrease in fuel prices. The industry does not purchase from the pump it buys contracts for a stable price. Bottom line is right now you are better off either not worrying about it or buying. The gamble is how much lower will it go? 4 Link to comment Share on other sites More sharing options...
Justalone Posted March 9, 2020 #328 Share Posted March 9, 2020 (edited) 2 hours ago, Colo Cruiser said: 7% drop-15 minute stoppage 13% drop-15 minute stoppage 20% drop stop for the remainder of the day. 2 hours ago, Colo Cruiser said: 13% I’m so glad, that at the suggestion of my broker, I shorted the stock three weeks ago. 👍 Also, bought more gold bars.👍 Revised my “good until cancel” buy order from $18 to $11. 😳 Broker still suggested CCL annual dividend is at risk of being reduced or discontinued entirely. My broker thought CCL OBC will still be offered as an incentive to cruise on CCL. Good luck to all of you that are in for the wild ride down. Maybe you should by more CCL to dollar average your cost? Hopefully you will live long enough to realize your stock recovering to what you paid for it. Edited March 9, 2020 by Justalone 4 Link to comment Share on other sites More sharing options...
akeasley Posted March 9, 2020 #329 Share Posted March 9, 2020 39 minutes ago, 4cats4me said: $22.63 a share now Yep, just checked myself. I've been wanting to buy CCL stock for years and am looking to see if it gets lower before purchasing. Link to comment Share on other sites More sharing options...
Rare CineGraphic Posted March 9, 2020 #330 Share Posted March 9, 2020 (edited) The price has not been this low since 2008 Edited March 9, 2020 by CineGraphic Link to comment Share on other sites More sharing options...
Colo Cruiser Posted March 9, 2020 #331 Share Posted March 9, 2020 36 minutes ago, akeasley said: Yep, just checked myself. I've been wanting to buy CCL stock for years and am looking to see if it gets lower before purchasing. Don't blink!! Link to comment Share on other sites More sharing options...
RMMariner Posted March 9, 2020 #332 Share Posted March 9, 2020 32 minutes ago, CineGraphic said: The price has not been this low since 2008 Yep. I hate to say it but this is not the bottom. We are in at $45. Cost averaging only works if the stock rises again. 1 Link to comment Share on other sites More sharing options...
FrankNJ Posted March 9, 2020 #333 Share Posted March 9, 2020 buy at $10 , then see how it comes out of bankruptcy . ( just kidding , don't buy it ) Link to comment Share on other sites More sharing options...
Kenswing Posted March 9, 2020 #334 Share Posted March 9, 2020 Just remember if a company has to reorganize the common shareholders are usually the first ones to get wiped out.. 2 Link to comment Share on other sites More sharing options...
Farts Posted March 9, 2020 #335 Share Posted March 9, 2020 Just now, FrankNJ said: buy at $10 , then see how it comes out of bankruptcy . ( just kidding , don't buy it ) I am concerned about bankruptcy. Is there anyway to buy the debt that CCL has? I have never done that before and would appreciate any insight. Link to comment Share on other sites More sharing options...
bluesea321 Posted March 9, 2020 #336 Share Posted March 9, 2020 Just now, Kenswing said: Just remember if a company has to reorganize the common shareholders are usually the first ones to get wiped out.. Exactly. If a company reorganizes because they cannot pay their debts, stockholders will be below the debt holders and will get nothing. A new stock will be issued and the old stock will be wiped out. 2 Link to comment Share on other sites More sharing options...
Farts Posted March 9, 2020 #337 Share Posted March 9, 2020 1 minute ago, bluesea321 said: Exactly. If a company reorganizes because they cannot pay their debts, stockholders will be below the debt holders and will get nothing. A new stock will be issued and the old stock will be wiped out. how do i buy that debt? Can I buy that debt? Link to comment Share on other sites More sharing options...
Kenswing Posted March 9, 2020 #338 Share Posted March 9, 2020 (edited) 4 minutes ago, Farts said: how do i buy that debt? Can I buy that debt? Call your broker and see if you can buy some of CCL's bonds on the open market. Edited March 9, 2020 by Kenswing 1 Link to comment Share on other sites More sharing options...
mcrcruiser Posted March 9, 2020 #339 Share Posted March 9, 2020 6 minutes ago, bluesea321 said: Exactly. If a company reorganizes because they cannot pay their debts, stockholders will be below the debt holders and will get nothing. A new stock will be issued and the old stock will be wiped out. This is the real problem owning any stock ;but ,imo it will be a long time for the cruise lines to recover ;because , older people will think many times before buying any passage Link to comment Share on other sites More sharing options...
frugaltravel Posted March 9, 2020 #340 Share Posted March 9, 2020 47 minutes ago, RMMariner said: Yep. I hate to say it but this is not the bottom. We are in at $45. Cost averaging only works if the stock rises again. "If" the stock rises again? Are you serious? I am afraid you are. Take a look at the past 70 years... Link to comment Share on other sites More sharing options...
frugaltravel Posted March 9, 2020 #341 Share Posted March 9, 2020 1 hour ago, akeasley said: Yep, just checked myself. I've been wanting to buy CCL stock for years and am looking to see if it gets lower before purchasing. Good luck with that. People keep saying they want to wait till a stock bottoms out before they buy. But by the time they realize it, the stock is already rising. Don't be greedy 😀 Link to comment Share on other sites More sharing options...
bluesea321 Posted March 9, 2020 #342 Share Posted March 9, 2020 (edited) 31 minutes ago, Farts said: how do i buy that debt? Can I buy that debt? I just checked. Like Kenswing suggested you can buy Senior Unsecured Debt Bonds of Carnival Corp with a coupon of 7.2% and maturing on 10/1/23 for about $110. Go for it if you have the guts but keep in mind that if CCL declares bankruptcy you will get nothing back on your principal. Edited March 9, 2020 by bluesea321 1 Link to comment Share on other sites More sharing options...
Corazu Posted March 9, 2020 #343 Share Posted March 9, 2020 12 minutes ago, frugaltravel said: Good luck with that. People keep saying they want to wait till a stock bottoms out before they buy. But by the time they realize it, the stock is already rising. Don't be greedy 😀 I'm in that camp sort of. But I'm not expecting to necessarily grab it at the lowest. I have an idea of where I might buy in depending on how the market continues to go, but I'm also ok buying it a few dollars higher than the low as it hits the upswing. It'll still be lower than where it was when I first looked at it. I was going to potentially buy at $33 to get the OBC. At this point it might still fall more so waiting just seems more prudent since we don't have a cruise til next year. 1 Link to comment Share on other sites More sharing options...
akeasley Posted March 9, 2020 #344 Share Posted March 9, 2020 13 minutes ago, frugaltravel said: Good luck with that. People keep saying they want to wait till a stock bottoms out before they buy. But by the time they realize it, the stock is already rising. Don't be greedy 😀 If it doesn't happen I won't be too upset. Thanks for the advice though. Link to comment Share on other sites More sharing options...
frugaltravel Posted March 9, 2020 #345 Share Posted March 9, 2020 4 minutes ago, Corazu said: I'm in that camp sort of. But I'm not expecting to necessarily grab it at the lowest. I have an idea of where I might buy in depending on how the market continues to go, but I'm also ok buying it a few dollars higher than the low as it hits the upswing. It'll still be lower than where it was when I first looked at it. I was going to potentially buy at $33 to get the OBC. At this point it might still fall more so waiting just seems more prudent since we don't have a cruise til next year. The best might be to set a price you feel is a good price to buy it at. Then put I an order with your broker for that price. It takes the emotion out of it. My guess is that stocks will rebound quickly. Just last week we had 2 days of +-5% increases. Link to comment Share on other sites More sharing options...
npcl Posted March 9, 2020 #346 Share Posted March 9, 2020 44 minutes ago, Farts said: how do i buy that debt? Can I buy that debt? Buy bonds through your stock broker. At this time Carnival still maintains its S&P A- rating It is an area to watch because any indications that the company is in trouble would be reflected in the bond prices first. Their YTM for a bond maturing on 10/15/20 is 1.467%. One 10/1/23 has a YTM of 4.036% 1 Link to comment Share on other sites More sharing options...
caribill Posted March 9, 2020 #347 Share Posted March 9, 2020 51 minutes ago, bluesea321 said: Exactly. If a company reorganizes because they cannot pay their debts, stockholders will be below the debt holders and will get nothing. A new stock will be issued and the old stock will be wiped out. With the majority of CCL stock held in various forms by one family, I doubt there would be a bankruptcy. Link to comment Share on other sites More sharing options...
npcl Posted March 9, 2020 #348 Share Posted March 9, 2020 25 minutes ago, frugaltravel said: Good luck with that. People keep saying they want to wait till a stock bottoms out before they buy. But by the time they realize it, the stock is already rising. Don't be greedy 😀 It may be already rising but I have found it better to give up a little on the way back up, than to grab a falling knife on the way down. 1 Link to comment Share on other sites More sharing options...
frugaltravel Posted March 9, 2020 #349 Share Posted March 9, 2020 (edited) 4 minutes ago, npcl said: It may be already rising but I have found it better to give up a little on the way back up, than to grab a falling knife on the way down. Whatever comparisons/analogies you want to make to make yourself feel good 😀😀 Edited March 9, 2020 by frugaltravel Link to comment Share on other sites More sharing options...
RMMariner Posted March 9, 2020 #350 Share Posted March 9, 2020 17 minutes ago, frugaltravel said: "If" the stock rises again? Are you serious? I am afraid you are. Take a look at the past 70 years... You misunderstood me. I have been looking to buy back in and dollar cost average, but I would like to do it when it is not in free fall. As far as all stocks rising again. That is not a given. Carnival is highly leveraged and relies on cash flow. That is a perfect recipe for bankruptcy. I doubt it will happen, but still a slow and shaky recovery is a very strong possibility. I am willing to throw enough money in to buy another couple hundred shares when the price gets low enough, but I am not near confident enough to put real money into Carnival now. 2 minutes ago, frugaltravel said: The best might be to set a price you feel is a good price to buy it at. Then put I an order with your broker for that price. It takes the emotion out of it. My guess is that stocks will rebound quickly. Just last week we had 2 days of +-5% increases. I hope you are right, and in the long term I think it is a given they will. Carnival maybe not so much. The clientele is mainly older, and very risk adverse. Many will think twice before cruising again for a while. The whole cruise line model has been under pressure long before this panic. Last week was what is traditionally called a dead cat bounce. They almost always occur in these situations. I bought in on some quality stocks today. Carnival was not one of them. I know I did not time the bottom, but they are great long term holds. 1 minute ago, npcl said: It may be already rising but I have found it better to give up a little on the way back up, than to grab a falling knife on the way down. Totally agree with you. 1 Link to comment Share on other sites More sharing options...
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