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Shares of Carnival (CCL, CUK) fall 6.8% following the company's guidance cut and a dispiriting...

Shares of Carnival (CCL, CUK) fall 6.8% following the company's guidance cut and a dispiriting wave of analyst downgrades. Though execs with the cruise line operator gave a spirited pitch for a turnaround during the Q1 earnings call (transcript), increased promotional activity continues to take a heavy toll on the company's sales and profits.
Comments (1)
  • pattom
    , contributor
    Comments (20) | Send Message
     
    Carnival seems to be a ship without a captain. Maybe the captain is at the Miami Heat games instead of concentrating on the cruise business. (The CEO owns the Miami Heat)

     

    Come on Mickey, one job or the other. You can't do both !
    21 May 2013, 04:27 PM Reply Like
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