Many interesting points on this thread - however guidance is guidance, and any suspicion of CCL being ex growth, will create a lower PE multiple - maybe 14x is reasonable. I'm not saying CCL is a dog.
After having closed my previous short last Thursday - I've shorted this again with an initial position. The low volume today, and loss of momentum might suggest that bidders are not as excited at this price. I think we will have a move to a new lower low in a week or so. Also the SP is currently in an area where many sellers missed out on selling on day 1 after the guidance, but are still probably wanting to get out.
If I am wrong I will close it very quickly. However I also think if you have longed this and it looks like a mistake you should think very carefully before digging in your heels IMO. there will possibly be better buying opportunities.
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- same earnings as last year in guidance
same earnings as last year in guidance, page-26
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