CCL: Adding Carnival to Investing Ideas (Short Side)

01/28/19 10:26AM EST

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,

KM

© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.