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Is Carnival Turning Into a Nightmare?

Carnival Cruise Lines' (NYSE: CCL  ) Triumph disaster, when an engine caught fire and stranded many passengers at sea for days, may have happened early in 2013, but the memory is still fresh in the minds of would-be shareholders.

Now, fresh on the heels of its latest quarterly earnings call, Carnival has announced that its CEO is stepping down, and while several of its financial stats aren't exactly ideal, this ship is far from sunk. In the video below, Motley Fool contributor Caroline Bennett looks closer at Carnival's financials, and at whether this stock merits jumping ship or staying on board.

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  • Report this Comment On July 17, 2013, at 7:51 AM, SeaHag57 wrote:

    I would like to see Carnival go back to Mobile, AL - they had built a multi million facility for the company and then they go to New Orleans - in the past few months Carnival has had to use the port at Mobile twice for bigger boats than they had there before - I believe they would make more money if they went back to Mobile - people don't like to drive several hundred miles to reach their ship and with airline prices it only adds to the trip when people can't afford expensive trips - my vote is they go back to Mobile and have their stocks go up.

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9/23/2016 4:00 PM
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Carnival CAPS Rating: ***