Taking Profits In Carnival Cruise Lines


  • Although financial results in 2022 were less bad than they were in 2021, “less bad” is still “bad.” This is no longer the same firm it was in 2019.
  • I want to buy when others are nervous about the challenging results, not when they’re upbeat.
  • The calls I bought have done very well. For 20% of the risk, call buyers received about 50% of the gains of the stockholders.
View on a rough sea, with waves of the open ocean from a boat

piola666/E+ via Getty Images

It’s been just under four months since I wrote my comparative piece where I determined that Carnival Corporation (NYSE:CCL) was a much superior investment to Norwegian Cruise Line Holdings Inc (NCLH). Since then, the S&P 500 is up

Disclosure: I/we have a beneficial long position in the shares of CCL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Although I’m technically long as I type this, I’ll be taking profits today.

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