CCL's PE is almost 20 (expensive). CCL lost a ship and faces years of legal entanglements. The cost for a barrel of oil is almost over $100 and going up. The economy and unemployment rate are terrible. People are losing their homes. Families are being torn apart. Public schools are a disaster. Major world governments are barely afloat. Wars and terrorism abound. And yet, CCL's stock price keeps going up.
Is it because everyone needs a vacation??? Otherwise, I do not get it.
May be it is because of divident payout; but everyone knows it has gone up too much and too fast and only way it will move is downwards; will depend on diesel prices, inflation attached to all food, salaries, and disaster in Italy and forecast.
CCL has insurance exactly for this type of disaster. People love cruises. People think the economy will go up forever and ever. People believe in fairy dust. I posted on this board to load up after the disaster when CCL was under 30. I did and will sell when it hits 40. PLEASE REMEMBER......most money is made on the stupidity of others.
We took a cruise on the Allure in June. It was sold out. People were lined up all week paying for food and drinks at Starbucks and Johnny Rockets and other over priced restaurants even though ship has plenty of fantastic food and drinks included in the cruise price . What does that tell you?
Agreed. the so called 'Specialty Restaurants' are nothing but a rip-off. What the hell is wrong with the included restaurants? - Nothing! These dopey cruisers just want to feel that they're going top shelf, that they're so special. What jerks.
Earlier today I disembarked from a four-day Majesty of the Seas cruise. It was jammed. I concur with all of the above. I went by myself and paid less for an outside cabin than an airfare to most Northeast or Midwest cities unless booked weeks in advance. Food was fine (I did not do Johnny) but i treated myself to a 3-bottle wine package for 75 bucks and...yes, a haircut-facial. But all in, still cheap and relaxing.
Another thing I saw on this cruise--the emerging middle class from around the world. One of the guest staff told me 43 countries were represented, and a 1000 guests (roughly half) were foreign. On the shuttle back to Broward, an African-American woman had the driver and me laughing when she told us what it really felt like to be a minority...there was more Spanish and Portuguese heard than English. So I suspect RCL and CCL are plays on a new world order. Concordia will be forgotten soon....
I think you did get it. Still a an inexpensive vacation if you control your spending. Bookings are very good and that is what is making this move plus the divdend play.This thing goes up and down.You can actually play it as a trade. Booked a Oct 13th Coastal cruise from LA in June. Three weeks later sold out. Go figure.