Saturday, March 7, 2020

Carnival Corporation & plc - CCL.n

Carnival Corporation & plc is a British-American cruise operator, the world's largest travel leisure company, with a fleet of over 100 vessels across 10 cruise line brands. Revenue was 18.8b in 2018 with net income of $3.1b.
This example of implosion demonstrates this space's approach to market 'beta'. Is the crisis acute or chronic? In other words can one expect the flow of bad news to stop relatively quickly or is it going to continue for an extended period? If it's the later (likely) one doesn't go anywhere near CCL.n right now at any level.