Where CCL will be when the dust settles.
I've heard that CCL will hit a short term wall... Yes, it seems like it has hit that wall.
The question is will it bust through?
Most other stocks have recovered to pre-covid levels except the cruise lines.
There are some obvious reasons to be concerned, especially if we see another spike that prohibits travel and leisure this summer.
However the way things are looking, it seems that is not going to occur.
In my opinion looking at a longer term trajectory, CCL should be trading between 40 and 60 per share.
They have been able to use this time to make their industry more lean, and they will use that to their advantage as they recover.
The question is will it bust through?
Most other stocks have recovered to pre-covid levels except the cruise lines.
There are some obvious reasons to be concerned, especially if we see another spike that prohibits travel and leisure this summer.
However the way things are looking, it seems that is not going to occur.
In my opinion looking at a longer term trajectory, CCL should be trading between 40 and 60 per share.
They have been able to use this time to make their industry more lean, and they will use that to their advantage as they recover.
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