Cruise Line Stocks Royal Caribbean International (RCL) and Carnival (CCL) have been very volital the past couple of weeks. Royal Caribbean's stock was at a yealy low of $19.16 back about July 14, and went as high as $28.75 on July 23. Today, August 1, 2008 RCL closed at $25.24. Royal Caribbean's earnings call was on July 22. It was then that they announced that the Company had laid off about 400 shoreside workers.
Carnival Cruise Line's stock was $31.23 on July 14, but soared to $41.15 on July 23!
If only I would had the forsight to invest in some of those shares on July 14th! I could take a cruise with the profits!!! :)
Smooth sailing!!!
Lisa
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1 comment:
Hmmm, aren't you glad you did not buy any stock?
Now might be a good entry point and hold long?
RCL is trading at 5 times earnins, which is absurdly inexpensive.
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