Thoughts on the recent announcements from Carnival plc and BT Group
By Chris Bailey | Friday 22 July 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tom was absolutely correct in yesterday’s Bearcast to observe that the news late Wednesday/early Thursday that Carnival plc (CCL) “has priced its previously announced underwritten public offering of 102,139,621 shares of common stock of the Company at a public offering price of $9.95 per share”, was not the greatest. Somehow the shares are still up in July…but we will not mention the year-to-date or last three-year performance.
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