Carnival cruise line stock has been hammered lately. With the 2nd Princess ship, The Grand Princess, just having docked in the Port of Oakland in the US and reports of the corona-virus infecting passengers has made these shares drop significantly. Just a couple months ago this stock was trading around 50 and it hit a low of 20.20 today. Carnival owns many brands such as Princess, Holland America, Seabourn, Cunard, Costa Cruises, Aida, and a couple of others.
I've put a limit buy order for 20, and I'm hopeful that it'll hit. Not only is it really cheap, with the potential to get cheaper, but you can also get a slight benefit from being a shareholder. If you hold a minimum of 100 shares, you can get on-board credit per stateroom that varies on the length of the cruise. 6 days or less- on-board credit of $50 7-13 days- on-board credit of $100 14 days or longer- on-board credit of $250 Basically, if you think you'll go on X amount of Carnival Cruises in your lifetime, it could be worth it to pick up some stock at this distressed price at the moment due to the corona-virus and possible recession. Let's say you go on ten, six day cruises before the end of your life. That's a potential $500 savings which is 25% of your investment. With this also being a dividend stock, there's some money given so long as the company doesn't cut the dividend after this disastrous 2020. Thus, buying Carnival or other cruise stocks at this steep discount, could be worthwhile along its shareholder perks.
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