The wreck of Carnival's
The most perplexing of these -- not to mention comedic, if the accident weren't so tragic -- is what in the world its captain was thinking as he hastened to abandon ship while thousands of passengers remained on board. According to his account, the whole thing happened rather by accident: "I tripped and ended up in one of the lifeboats. That's why I was in there."
Talk about epic fail.
For savvy investors, however, the question is whether the headline risk from the accident has created a buying opportunity akin to BP
To cut to the chase, I don't think it has.
The decline in its stock price isn't anywhere near the declines suffered by the companies associated with either of these other events. In the months after the oil spill, the stock prices of BP; Transocean
Pre-Headline Risk Stock Price
Post-Headline Risk Stock Price
Source: Yahoo! Finance.
On the other hand, as you can see in the table above, Carnival's stock price fell by only 14%, and it's now trading at a mere 8% below the pre-wreck price of $34.28.
For the enterprising investor, in turn, these numbers suggest that the meager opportunity to profit from this event has largely evaporated -- much like the ship captain's hopes for finding gainful employment in the future.
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Fool contributor John Maxfield does not have a financial position in any of the companies list above. The Motley Fool owns shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.