ronl Posted June 6, 2006 #1 Share Posted June 6, 2006 what is happening to Princess stock?????????????? All it is doing is going down!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
F5Loar Posted June 6, 2006 #2 Share Posted June 6, 2006 When one fall they all fall. This is called a market "adjustment". Temporary to allow the big buyers to get in there and buy,buy,buy so it can go up,up,up again. I wouldn't worry about it. You still get you onboard credit when you book a new cruise. Link to comment Share on other sites More sharing options...
DrD Posted June 6, 2006 #3 Share Posted June 6, 2006 what is happening to Princess stock?????????????? All it is doing is going down!!!!!!!!!!!! Umm, stocks are volatile, you did know that, right? Despite the emails I get there is no such thing as high returns and low volatility. The market is down today generally due to Bernanke's statement that the economy is slowing, but that inflation remains a factor. slow economy and rising interest rates are terrible for the stock market. For cruiselines, the fear of course is that a slower economy means less people can afford to cruise. And higher rates means alot of people who got ARM's during the real estate boom will see their monthly payments go up, leaving less behind for a cruise. The good news for us is that we may see prices come down soon. Link to comment Share on other sites More sharing options...
docksider21 Posted June 6, 2006 #4 Share Posted June 6, 2006 There is also concern in the market that increased oil prices will mean either reduced profits because of increased expense or increased cruise fares to cover the costs, results in fewer booking, resulting also in reduced profits. Additionally, there is concern that consumers still have post Katrina hurricane phobia, and that will result in fewer bookings. I believe that none of these theories holds a lot of weight, but as you can see, the market price at the present has reacted. Link to comment Share on other sites More sharing options...
custompcsys Posted June 7, 2006 #5 Share Posted June 7, 2006 Unfortunately, if the talking heads on Wall St believe that the sky is green and believe that this is good or bad for the economy, the market will react. Whether or not it has one shred of truth to it is usually irrelevant. Link to comment Share on other sites More sharing options...
cactusrose Posted June 7, 2006 #6 Share Posted June 7, 2006 The stock started dropping about mid may when Carnival lowered it's 2006 guidance. The reasons sited are higher interest rates, higher fuel prices, lower Caribbean bookings due to hurricane fears and an accounting change for port charges. The market correction magnified the downward trend. The stock has lost about 20% of it's value in the last month. Link to comment Share on other sites More sharing options...
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