Carnival Corporation
CCL
position
long
Ray Kennedy, Hotchkis & Wiley
Thesis
Ray Kennedy believes that travel, particularly cruises, will eventually return to normal levels, similar to past recoveries after events like 9/11. He suggests that buying secured bonds from cruise companies could be a good investment opportunity as the industry rebounds.
Did it work?
inconclusive
confidence: low
The thesis suggests a long-term recovery in the cruise industry, similar to past events, but without specific timeframes or price performance data, it's unclear if the anticipated recovery has begun or if the bonds have performed as expected. Since the time elapsed is unknown and no price data is available, we cannot definitively assess the outcome of the investment thesis.
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