Costa Concordia impact

Costa Concordia impact

I’ve always been fond of the quotation “the law of flotation wasn’t discovered contemplating the sinking of things.”  This has certainly held true for the cruise industry – growing the annual number of passengers carried nearly 5 times over the past 20 years.  But...
Carnival delivers early Christmas present

Carnival delivers early Christmas present

Following yesterday's upgrade to Overweight and a $51 price target, Carnival (CCL) released 4th quarter and year end earnings this morning delivering investors an early Christmas present. Earnings were in line with analyst expectations, overcoming some of the expected...