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Non-Tech : Carnival Cruise Lines CCL
CCL 26.13-9.0%3:59 PM EST
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To: Sr K who wrote (147)3/19/2013 1:44:22 PM
From: Al Greenleaf   of 177
 
With two additional ships experiencing major failures, CCL is all but dead. The biggest damage is yet to come. As their ships sail nearly empty (who would TRUST them now???) there is no way they can make money. IMO the only way for them to survive is to be bought our by another cruise line. But who would do that? Who would take on all that negative goodwill, not to mention the training, repairs, and reorganizations costs for a cruise line with so many ships. I am making a killing right now on PUT spreads, beginning with buying the April 34 put and selling the April 31 put. I'd use leaps, but in that amount of time, some fool COULD buy them. My target price is the 2012 low of about 30, and if that support is breached, then the 2009 low of 20. FWIW....
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