Dr. Garcia wants compensation for his families dock (being used by Carnival) in Cuba, confiscated by Castro. Cuba will end up settling with Garcia and others. News of Cuba, confiscation, claims, connected with Carnival performed so badly today. Strange over reaction to a non-event. Zack also downgraded from Buy to Hold. I own this for dividend and growth. I expect them to raise the dividend several times over the next 18 months.
I sailed most of their ships to the Caribbean. Now that they offer Cuba I will sail again. Others will too. I think this will have a cascading effect. Kind of like a sold out blockbuster. People see the other movies when they can't get a seat. jmo.
I stand corrected. BTW, Rising costs forced them to raise prices 2.7%. When traffic slows you don't raise prices. You also don't accelerate expansion. The ship is taking on water and the capital wants to add more weight to his ship. This will not end well for Reedy. Remember his name. The next company he goes to will be a short candidate too.
They drew down on their $100 million revolver again. Looks like another $7 million. They have $25 million left. They need to remodel 75 stores over next year for $7.5 million. They increase prices 2.7% and intend to increase again. So business is struggling and they raise prices? Management will bury this junk faster than I thought.
Adjusted EBITDA(1) decreased to $5.4 million from $8.8 million. They have real cost issues, some out of their control. IN SPITE of the Chipolte, SSS were down again. Gross Margins broke the 14% low end of guidance.
My opinion is worthless concerning the price of Uranium. Last year I would have given it a 90% chance May16 U would be over $40 Today under $30. Worse yet Cameco is reducing production. . I can understand if the stock dropped to $8, in which case I'd add. Right now I don't like the reduced position I have, but I'm not selling.
Maybe because Goldman bought before their upgrade. There are better stocks to invest in imo. I'll regret not shorting, but there are better shorts out there. I'll keep it on my radar though.
Some have good opinions. Bmy still has buyers as exhibited by how the stock came back with the market. An 8 cent loss was a victory Friday. All I'm saying is the RSI is high. This is my only long I have a stop on.