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Archive for September 28th, 2008

Inside the Cruise Business

Deutsche Bank downgraded Carnival Corp. from a “Buy” to a “Sell”. That¬†is like¬†shifting a Porsche from “fourth” to “reverse” as you cruise the Autobahn. Cruising is considered a “leisure” business as far as Wall Street is concerned. And as far as that goes, it is impossible not to be aware of the credit and cash […]