Do you recommend shorting CCL and RCL?
“Do you recommend shorting CCL and RCL?”
Neither this nor any post by me is is a recommendation to buy or sell securities. You should consult with your financial adviser on any transactions you may consider.
I do not have any opinion on the above issues - my observation was more from a non-market related view, that carnival as a franchise is going to be hopelessly tarnished by this, and it will impact the longer-term future of the company. I would think the best way to fix this is get the name carnival out of sight, forever. I have no related opinion on how the stock will eventually behave, though it isn’t hard to imagine that this event isn’t going to produce a windfall for the price.
Is Carnival the former Cunard Line, which also had been combined with White Star Line after WWII?