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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (12454)2/19/2003 4:37:48 PM
From: Paul Senior  Read Replies (1) of 78662
 
I'll start a position in cruise line RCL.

I haven't done well in this sector. When the players were down because of overcapacity fears, from the three I looked at, I picked only one, and that one went bk on me. The other two, RCL and CCL more than doubled.

The stock prices of RCL and CCL have been coming down again. People fearful of travel, the expense of cruising (maybe), on-board diseases, and still issues of overcapacity (new ships coming on-line)

I've started a little RCL today. It's cheaper on a p/sales and p/e basis than the far more dominant player, CCL. CCL being the premier stock - both larger and better capitalized than RCL. RCL has a significantly higher dividend yield than CCL. (I've not yet reviewed dividend growth rates though.)

finance.yahoo.com
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