Stockholder OBC benefit extended

[caribill]

The OBC benefit for owning at least 100 shares of CCL stock has been extended to include cruises through July 31, 2021.

 

https://www.carnivalcorp.com/static-files/50351a91-4dc0-4f6b-bfec-684647e6129f

[palolake]

Thanks, good to know.  I was a little worried about them extending it with all that's going on!

[satxdiver]

It is fairly automatic these days.  If they were to drop it or even decrease it the complaining would not stop and would cause a large (massive?) stock selloff including lost business.  We have all come to expect it as we also do expect them paying dividends.  

[railman]

Bought 100 shares yesterday at $31.49.

[hockeymum]

Planning to buy Monday. Will I be able to get the credit for our cruise on March 11th.

[Colo Cruiser]

8 minutes ago, hockeymum said:

Planning to buy Monday. Will I be able to get the credit for our cruise on March 11th.

Yes.

I have had a couple applied to cruises I booked within 72 hours of the cruise.

[ontheweb]

23 hours ago, palolake said:

Thanks, good to know.  I was a little worried about them extending it with all that's going on!

They renew it every year. And this would be the absolute worst time to not renew it. There are already multiple customers cancelling cruises and other potential customers holding off on booking cruises; to do something now to take away an incentive to book a cruise would be crazy.

[DrivesLikeMario]

If they didn't renew it, I'd dump the stock in a heartbeat.  It's the only stock I have that I've lost money on so keeping it for an investment is not a good thing.  More money to be made on other stocks.

[bemis12]

On 2/28/2020 at 9:19 AM, satxdiver said:

It is fairly automatic these days.  If they were to drop it or even decrease it the complaining would not stop and would cause a large (massive?) stock selloff including lost business.  We have all come to expect it as we also do expect them paying dividends.  

 

The amount of stock sellout they would see is "essentially none"  You badly overestimate how 100 shares adds up the the scheme of things.  They wouldn't even notice if everyone who held 100 shares sold them

 

 

[satxdiver]

9 minutes ago, bemis12 said:

 

The amount of stock sellout they would see is "essentially none"  You badly overestimate how 100 shares adds up the the scheme of things.  They wouldn't even notice if everyone who held 100 shares sold them

 

 

One of the advantages to having a large number of small stock holders is that it makes it more difficult to take over the company in a hostile takeover.  The other advantage is customer loyalty which is the biggest plus since there are a lot of other cruise lines out there.  If shareholders start to sell off shares it would translate to a loss of a large base of loyal customers.  That they would notice if it were large enough.

[bemis12]

97% of this company is owned by institutional investors and insiders. They might miss some customers, but their stock is pretty much meaningless. It certainly wouldn’t prevent a hostile takeover

[RMMariner]

Figured they would do this, but it is an interesting time. 

 

Taken a bit of a loss on this, but will probably cost average sometime in the next bit. Personally, I think we will probably see a dead cat bounce next week.