Dave Portnoy says Carnival to go UP, UP, UP. De Silva Not So Sure.
With the entertainment value of Dave Portnoy’s daily trading antics continuing to gain traction with the GenY/X/Millenial crowd while irritating the ‘suits’ and professional investors in equal measure, the future of Carnival Cruise Lines (CCL) is still somewhat shaky at best. As the epic rebound continues, travel and leisure stocks have been on a tear. Carnival found itself at the centre of the COVID firestorm, as outbreaks on board their vessels compounded quickly to significantly increase infection rates, while putting the fear of God into investors who believed that flow-on effects would cripple the liners, and related travel stocks including airlines. Aside from garnering huge interest from the new army of ‘Robinhooders’ and freshly minted retail traders, the stock, and its peers, have begun to garner the attention of more seasoned investors.
As Dilantha De Silva outlines for Seeking Alpha, The future is uncertain and there’s no denying that. Evaluating whether Carnival can remain solvent has suddenly become a lot easier than projecting revenue growth rates for the coming years. Read more. Read more…………..
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As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots.
Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to the coronavirus, told CNBC’s Jim Cramer he’s leaving the stock trading game behind when sports make their return.