Cruising for Bargains

Greenburg, Zack O'Malley
December 2008
Forbes Asia;12/8/2008, Vol. 4 Issue 21, p102
The article focuses on the value of stocks of several companies in the leisure industry in the U.S. It reports that Carnival Corp. has indefinitely suspended its dividend and recorded a 12% decrease in its stock value. It notes that the Royal Caribbean has accounted an 80% decrease and trades at 3 times forward earnings. It adds that Brunswick Corp. has recorded a 90% decrease due to a 45% decrease in retail sales of recreational boats and a loss of $6.70 per share.


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