Below is a note written by CEO Keith McCullough on why we're adding Carnival (CCL) to the short side of Investing Ideas today:
Another company (that we're bearish on) that's bounced from its recent lows on #decelerating volume, is Carnival Corp (CCL).
Our veteran Gaming, Lodging & Keisure (GLL) analyst Todd Jordan recently hosted an Institutional Research conference call outlining both cyclical and secular head-winds to CCL's business.
CCL "brands are struggling for a variety of reasons that we’ve discussed. But soft pricing is not the only headwind that could suppress valuation."
Short the bounce,