We would love to hear your thoughts about our site and services, please take our survey here.
This is the same way AFREN went the people who thought they knew just watched it disappear up it’s own back side - best hope is for a take over - soon the avalanche will occur and selling to save a few pounds . It’s getting desperate
All you experts - if Crude oil price goes down this share will rise - it’s that simple the Fuel is the biggest overhead - if they get it cheaper then the profits increase - no massive complex BS it’s that simple in the near term and to prove my point trend both graphs
I said it weeks ago on here range will be 650 to 800 day traders scooping up - could do an AFREN over the next few months as support will erode with impatience- this company has Junk status with the banks - but don’t let it put you off - buy and forget come back next year and it will be ok all my own opinion - sell at 500 as it won’t come back good luck
C?arnival stock was tumbling in premarket trading Wednesday after Morgan Stanley cut its price target to a Wall Street-low, saying it sees the case for a stock wipeout.
Morgan Stanley analysts slashed their base case price target to $7, according to Bloomberg, and maintained an Underweight rating on the stock. In a worst, or “bear case” scenario, Carnival’s (ticker: CCL) price could reach zero, they added.
The cruise line’s stock could lose all its value if a recession triggers another demand shock, the analysts said in a research note reviewed by Bloomberg. The group’s liquidity could “quickly shrink” if bookings slow or customers withdraw deposits amid a bout of cancellations, the analysts wrote.
The Bottom Line
The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Carnival Corporation &. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Carnival Corporation & going out to 2024, and you can see them free on our platform here.
It is also worth noting that we have found 2 warning signs for Carnival Corporation & that you need to take into consideration.
It can’t go any lower - the price reflects the reduced appetite for cruising v pre covid - non cruisers who may have gone may not go as from a physiological point of view lots of people together on a ship - the younger folk are after open spaces - green fields and wide beaches - 700 around a pool is not on the agenda - all of the cruise firms are suffering - the solution is to reduce capacity or make smaller ships
I offloaded as soon as Russia got involved in its Ukraine - the fuel cost will be seriously hurting CCL inversely when fuel slumped this was a big part in it reaching the 50 pound mark as they had less overhead spend and pumped it into product