10 March 2012

Buy Low, Sell High .... Carnival Cruise Lines

If you are so inclined to play the market, perhaps it is time to buy Carnival Cruise Lines (CCL). After the Costa Concordia disaster off the coast of Italy in January, the company has now cut the profit forecast in half.

Apparently cruise lines had cut prices over the past few years during the recession, and the accident happened right in the time of the year when folks begin booking cruises for the year.

Will this company survive?

I mean, a five day (four night) Western Caribbean cruise starts at $279 a person. Dirt cheap, eh?

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