Wed, 02 Jul 2008
1st Podcast – Paul
Carnival may take years to provide a strong return, but all the long term fundamentals are right. The only issue would be overcapacity of cruise ships undermining margins, presuming this is kept in check then the company should make solid progress regardless of the short term impact of oil prices. Also my tip takes into account increased oil spend and the shares still look a Buy. Cruise oil spend is far below airlines, and no airline has a similar monopoly like Carnival has in the cruise market.
During the filming I suggested Infrastructure was so last year, but it continues to be trendy. It isn’t one of my preferred investments, though opportunities like the 3i warrants can offer decent higher risk returns.
posted at: 08:30 | path: | permanent link to this entry