“Mad Money” host Jim Cramer is a fan of Carnival Corporation (CCL).
He used to associate the word “disaster” with Carnival Cruise Lines. Between the Costa Concordia sinking, engine room fires, the Triumph “poop cruise,” passengers sick with norovirus, the Arab Spring – it “seemed the company was doomed,” says CNBC.
But Carnival has enjoyed a turnaround with its stock hitting new highs.
I think its a tad late to get in on the CCL run, plus it takes only one Carnival cruise ship hijacked or attacked to send all cruise stock falling dramatically. But its always fun to watch Cramer ramble on in his unique way.