I've never been on a Carnival or, for that matter, any other cruise. I hate cruises. You couldn't pay me enough to take a cruise. But, I rate CCL stock a screaming long-term BUY. This latest fiasco is just a tiny blip in their history and will soon be forgotten. Insurance will pay for nearly all their expenses related to this episode. The overall effect on the company's earnings will end up being a net positive. Lawsuits will prove to be futile. Only the lawyers will make some money, and insurance will pay for that, too. The apologies of management are so disingenuous it's laughable. Given the money the company will make from all this will make management wonder why they didn't think of this sooner. If they're not already planning the next "disaster", they should be. The Arison's are brilliant schemers who basically own the cruise industry. As the economy recovers, their empire will grow exponentially. Anyone who doesn't already own this stock is missing out on a great opportunity. The recent dip, small as it was, has created a great bargain, IMHO.
I don't know for sure but I imagine they have Business Interruption Insurance. They said the loss will cost them 10¢ in earnings.. And IMO, none of the law suits will go anywhere.. I would also say, this is probably the time to buy for a long term (6 mo) holding.