Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (3627)	6/16/2008 11:01:11 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Thanks, CCL earnings could make it a bit dicey but the outlook... premarket I saw competing but much smaller RCL trading down and also making new lows at 25. It appears that the sector as a whole has troubles. With oil scratching 140 and diesel (or whatever oil the ships consume) this also adds to costs. Big difference to freighters: It is not that easy to roll over those costs to passengers. STNR Steiner Leisure also a candidate for a prompt fall.

To: Dale Baker who wrote (3627)	6/18/2008 7:46:52 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 6370

All aboard, now Analysts start cutting CCL, RCL estimates. Problem is that the guidance provided by RCL for the Quarter is too high (as fuel prices have risen 33% since) so it is hard for them to meet estimates. The stocks are down premarket. ABN cuts ratings on Carnival, Royal Caribbean, travel stocks By Steve Goldstein Last update: 4:34 a.m. EDT June 18, 2008 LONDON (MarketWatch) -- ABN Amro took a hatchet to its European travel and leisure sector ratings, cutting sector EPS for 2009/2010 by 16%, bringing it 15% below consensus estimates. "We find it hard to believe that demand (volume or price) from the business and/or leisure consumer will not reduce over the next 12 months; western GDP trends are slowing, business activity is softening, the credit cycle has turned, and consumer balance sheets are in many cases over-leveraged, particularly in the U.K. We, therefore, believe that a period of slower demand is likely," ............ ANALYST TAKE: Analysts generally expect Carnival to report net revenue yield in line with expectations, although higher fuel prices are expected to offset those gains. On Tuesday, Lehman Brothers analyst Felicia Hendrix noted that fuel prices have spiked 33 percent since the company provided its second-quarter guidance. Yields are a key profitability gauge that measure net income earned from passengers per day from cruise tickets and onboard sales.