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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (10752)6/21/2000 2:01:00 PM
From: Paul Senior  Read Replies (2) of 78516
 
Wallace, I'm one who is also looking at stocks in the cruise industry. My favorite is CCL for the reasons you've mentioned. In the past couple of days I've bought just a very small amount as an exploratory position.

One very interesting company in the business is Sam Zell's hodgepodge (typical of him -g-) American Classic Voyages (AMCV). A key point here is that they have a monopoly position in the Hawaiian market (I've forgotten what that monopoly exactly entails - something about sole/exclusive rights for several years for their ships traveling among the islands or maybe between mainland US and Hawaii.) Stock, at lows, is still too risky for me though.

Paul
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