Carnival Cruise Lines (NYSE: CCL) is a Florida based company that provides cruises to various destinations around the world. It has a portfolio of cruise brands comprising Carnival Cruise Lines, Holland America, Princess Cruises and Seabourn in North America; and AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises and P&O Cruises in Europe, Australia, and Asia. The company offers a 3.2% yield and trades at about 15.5 times its last years earnings. Due to the sinking of the European ship, Costa Concordia, in January 2012, shares have fallen below their $35 highs. Now trading in the range of $30-$33 the shares have shown a rebound. I would buy these shares on a break above $33.
Wednesday, 23 May 2012
A stock for uncertain times
Carnival Cruise Lines (NYSE: CCL) is a Florida based company that provides cruises to various destinations around the world. It has a portfolio of cruise brands comprising Carnival Cruise Lines, Holland America, Princess Cruises and Seabourn in North America; and AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises and P&O Cruises in Europe, Australia, and Asia. The company offers a 3.2% yield and trades at about 15.5 times its last years earnings. Due to the sinking of the European ship, Costa Concordia, in January 2012, shares have fallen below their $35 highs. Now trading in the range of $30-$33 the shares have shown a rebound. I would buy these shares on a break above $33.
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