Agreed. I like CCL, but I think it's above fair value now. I was happy to make the 20% in short period, which is not my usual approach. If there was greater long term growth potential, then I think I would be inclined to hold and look for opportunities to accumulate. Just not convinced with most markets being mature. I do however believe if you are willing to hold for the medium term, better valuations may be found. I wouldn't be surprised to see 50%+ from bottom to top in this rebound, but may take a while.
CCL Price at posting:
$10.34 Sentiment: Hold Disclosure: Not Held
