CCL hits 52-week high on double normal volume

[IntrepidFromDC]

I haven't looked at the 2Q financials yet since I'm no insider, but it looks from the whispers like the price increases coupled with continued capacity and other changes is working to assure the market the debt plan is working.  I'm riiiiich biaatt...

[Arizona Sunshine]

CCL currently down 70% from June 27, 2018. Costco up 154% and Microsoft up 232% in the same period.

 

I guess others are even riiiiicher...

 

AS

[AllgoodOnTheRoad]

29 minutes ago, Arizona Sunshine said:

CCL currently down 70% from June 27, 2018. Costco up 154% and Microsoft up 232% in the same period.

 

I guess others are even riiiiicher...

 

AS

Come on, you cannot compare two companies who profited from Covid against a company that was shut down for most of Covid just eating costs. Carnival is doing great right now post Covid. Stock will be back to $50 in three years. 

 

 

[jerseyjjs]

10 minutes ago, AllgoodOnTheRoad said:

Come on, you cannot compare two companies who profited from Covid against a company that was shut down for most of Covid just eating costs. Carnival is doing great right now post Covid. Stock will be back to $50 in three years. 

 

 

RCL was at $27 in April '20', it's at $103.36 today.   In the same industry as Carnival.

[Stick93]

Wall Street knows something we don’t. Obviously they see something in Royal that they don’t see in Carnival.  

[Arizona Sunshine]

1 hour ago, AllgoodOnTheRoad said:

Come on, you cannot compare two companies who profited from Covid 

 

 

Okay, I'll play, just for fun:

 

In the five years immediately preceding the onset of COVID-19, March 2015 to March 2020:

 

Costco went from 129 to 283 (220% increase)

Microsoft went from 43 to 173 (402% increase)

 

But sure, they "profited from Covid". 

 

I'd say their business model was already pretty strong, and wasn't reliant on a pandemic.

 

AS

 

 

 

 

[Eli_6]

3 hours ago, Stick93 said:

Wall Street knows something we don’t. Obviously they see something in Royal that they don’t see in Carnival.  

Just sold some RCL for $105 that I bought for $30.

[tidecat]

3 hours ago, Stick93 said:

Wall Street knows something we don’t. Obviously they see something in Royal that they don’t see in Carnival.  

Royal was able to be profitable sooner (not just positive cash flow, but profit per GAAP). Royal also did not dilute shareholders to the extent that Carnival did, although that gap could potentially narrow as both companies issued convertible notes. Beating previously projected earnings and/or guidance about future earnings sometimes can have a bigger effect on the stock price than the actual financial performance of the company. Carnival hasn't always been able to beat their own guidance (and then when they did, the market honed in on the guidance for a future quarter being lowered).

 

Carnival had a fairly steep descent pre-Covid as well, going from around $70/share to down in the 50s. There were definitely some cracks in the foundation that the shutdown forced the company to address.

[smears]

i think it has been upgraded by like a half dozen banks. it's trading over 17 today. im in at 9.84 for 100 shares just to get the onboard credit. currently up 75.73%. im probably gonna hold and bet on some real upside over the next year or so. here is my completely non technical analysis which is in no way financial advice.

 

they went for a year with 0 revenue and bills to pay. that tanks them since technical traders have to get out for a reasons like that. but now they're back to normal and beating earnings estimates, and going into the quarter where i assume they'll post the biggest gains (summer cruising season)

 

they are too big to be broken up and managed by other lines. the likelihood of bankruptcy and getting sold off is slim. nearly 50% of the shares are held by institutions. they refinanced debt and issued some shares not long ago which put them at a 5 year low when it dipped into the $6 range. it is now up like over 100% in the last 90 days. bookings are up. earnings are up and beat expectations, although still negative...but way up. revenue is up like way up. and now it appears that they are well on the way to going back to what they were doing in 2018 when they were trading at around 3x what they're trading at now. that being...operate casinos that charge for drinks and that you have to pay to access by way of the cruise fare. if you can't make money doing that they you can't make money doing anything.

 

fuel cost headwinds could be a concern but it's my understanding that they contract for fuel into the future as a hedge against just that sort of thing. so i wouldn't expect those prices to lead to a catastrophic event. maybe a headwind here or there, but they know what they're doing. they've shut down i believe...most of the fantasy class ships which were less efficient and carried less passengers...and thereby less profitable.  so the fleet should be more profitable than it was in 2018.

 

long story short...most of the big banks have moved them from hold to buy and are suggesting long positions. they're more efficient than they were in 2018 which should all things equal make them more profitable. they beat most earnings estimates and the share price has reflected a great deal of confidence on the part of investors that they will continue to do so. 

 

(if im wrong...like totally wrong and you drop 1400 on 100 shares and it drops back to that 5 year low of 6 bucks...the way to claw back your value is built in with the shareholder onboard credit...so you can drink and vacation and do your part in the casino to recover your capitol and contribute to their bottom line for both their sake and your own).

Edited June 29, 2023 by smears

[Drew B 58]

19 hours ago, Arizona Sunshine said:

CCL currently down 70% from June 27, 2018. Costco up 154% and Microsoft up 232% in the same period.

 

I guess others are even riiiiicher...

 

AS

…depends when you bought.

[sparks1093]

18 hours ago, AllgoodOnTheRoad said:

Come on, you cannot compare two companies who profited from Covid against a company that was shut down for most of Covid just eating costs. Carnival is doing great right now post Covid. Stock will be back to $50 in three years. 

 

 

I bought when it was around $9 just so I could get the OBC. I've continued to buy periodically since then in order to benefit from the stock going up. Might end up making enough to pay for a cruise. We'll see.

Edited June 29, 2023 by sparks1093

[ink76]

CCL reported to have a record 7.2 billion dollars in customer deposits spending on the ships are at a record also I would not be surprise see this stock back in the 40 dollars range by the end of the year, that unless the economy fall off the cliff?

[firefly333]

21 hours ago, IntrepidFromDC said:

I haven't looked at the 2Q financials yet since I'm no insider, but it looks from the whispers like the price increases coupled with continued capacity and other changes is working to assure the market the debt plan is working.  I'm riiiiich biaatt...

The stock price went down after earnings. Down not up.

 

Yesterday delta airlines increased guidance and all travel went up. 

 

I was watching since I'm underwater again on ccl. In at 22.20. Lost my arse and took a loss at 29 and thought I was smart getting back in at 22. .. so im watching and listening. The stock was not thrilled with 3 cents less loss than forecast. .still could have been worse. Keep paying down that debt. 

 

I'm patiently waiting as I do think eventually it will get back to 22 .. but not today. Yesterday delta airlines lifted all travel stocks. Rcl stock acting better. Out for now. Up too fast too high. 

[firefly333]

46 minutes ago, ink76 said:

CCL reported to have a record 7.2 billion dollars in customer deposits spending on the ships are at a record also I would not be surprise see this stock back in the 40 dollars range by the end of the year, that unless the economy fall off the cliff?

I think you didnt follow all the secondaries and added float, so now like twice as many shares worth half what they would be without all the additional float.. add in debt they didnt have before covid.

 

40 is a dream .. years and years and years away. 

[ink76]

14 minutes ago, firefly333 said:

I think you didnt follow all the secondaries and added float, so now like twice as many shares worth half what they would be without all the additional float.. add in debt they didnt have before covid.

 

40 is a dream .. years and years and years away. 

Yes of course you right about the debt and the float but the way this stock was moving before the quarter number were release to me look like insider buyer somebody see something or they in for a quick trade ?

[firefly333]

2 minutes ago, ink76 said:

Yes of course you right about the debt and the float but the way this stock was moving before the quarter number were release to me look like insider buyer somebody see something or they in for a quick trade ?

I was watching CNBC when the earnings hit. And the talking heads who said the earnings were not good enough to justify the run of of the price.

 

That being said rcl doubled and has gone over 100. Sold at 104.20 yesterday. Too high.

 

Ccl hasnt done as well and perhaps was under bought so helped it go up. 41 cents loss or whatever vs 44 forecast.. stock went down on it's own earnings. Nothing in the earnings where insiders would buy into earnings. It was a sell on the news. 

 

I belong to trading groups. Traders trading it .. cheap so easy to trade. Rcl just got too crazy .. if I could sell now and take profits I would on ccl too. Need another 5 pts to break even. Missed on that one, but I've done stocks 50 years. I live off my stocks so I dont make many mistakes on stocks. Ccl I bought too high. But I can wait. I'm just saying right now charts were toppy yesterday. Stock price would try and go higher and couldnt get thru resistance. Falling back now to find lower new support.

[TwoAdriftAtSea]

Don't know why and don't care how, I am just glad I am out and was able to get rid of 2k shares I have been holding since buying at $16 a long while ago and watching the bottom fall out. Looking to book a Celebration cruise with the small profit.

[firefly333]

36 minutes ago, TwoAdriftAtSea said:

Don't know why and don't care how, I am just glad I am out and was able to get rid of 2k shares I have been holding since buying at $16 a long while ago and watching the bottom fall out. Looking to book a Celebration cruise with the small profit.

I've got 11k ..had more than that when I sold and took the loss 2 years ago .. bought 100, then another 10k. I'm too much of a believer. Should stay away from cruise stocks. Emotions are involved. But I'll get out at least even this time I'm convinced... lucky you out now at a profit. I suspect a lot more of us underwater who want to sell .. makes it harder for ccl to go up unless a lot of traders pitch in again. 

[john91498]

As a growth and dividend investor, I wouldn't touch CC stock with a 10 foot pole...whatever that means...😆

[JustAPilot]

Carnival needs to enhance their suite class and build the ship within a ship concept. NCL and Celebrity are making bank charging $5,000+ a person to Bermuda and the Caribbean which is robbery but they have guests lined to pay that for a more dedicated space. 

[ink76]

22 minutes ago, john91498 said:

As a growth and dividend investor, I wouldn't touch CC stock with a 10 foot pole...whatever that means...😆

Yes lots people would agree with that statement, but the people who brought let say 6 months ago are banking a nice profit😁

[firefly333]

2 hours ago, john91498 said:

As a growth and dividend investor, I wouldn't touch CC stock with a 10 foot pole...whatever that means...😆

The shares I took a bath in, i originally bought for the dividend. No way to tell covid would hit and stay .. and stay and carnival would dump the dividend. 

 

At least i recognized it wouldnt be that peice again and took the loss .. unfortunately i got back in. I'm too attached to cruising. .. twice burned ... no more lol, just the minimum 100 shares.

[Joebucks]

All over my Facebook, everyone is jumping for joy how "this company hit a 52 week high". Few people understand a bull market, and it shows. Instead, everyone debates why their particular stock is magic. 

[trey420]

I bought a hundred shares, just for extra hundred bucks on a cruise. It was 10 bucks then.  Had I waited could have got it at 8 bucks. Made some money on it now so that's cool.  I just never know when to sell.  

[firefly333]

Ccl got a upgrade today plus it's a travelling weekend. Ccl in play again today by traders. 

 

Pussh. 18.50.