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Bullboard - Stock Discussion Forum Carnival Corp CCL

Carnival Corporation is a leisure travel company. The Company’s portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises and Seabourn. The Company's segment includes North America and Australia (NAA), Europe, Cruise Support and Tour and Other. The NAA Segment include Carnival... see more

NYSE:CCL - Post Discussion

Carnival Corp > $12.03 this Morning. Not Showing Any Signs of Life
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Post by DeanEdmonton on Oct 18, 2023 11:05am

$12.03 this Morning. Not Showing Any Signs of Life

The massive amount of debt the crusie lines took on over the pandemic is still a huge hangover for them. Add to that much higher interest rates, for longer, slowing ocnsumer spending, weak economies across the world and it isn't too hard to see why these cruise stocks are not doing very well. I keep watching them for an entry point but it is starting to look like that is a couple of years away rather than a couple of quarters.

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