Well, it may or may not drop further with upcoming news, but it's still a very good value bet in the long run. Likely to be 5% yield, Indonesian growth over the coming two decades will probably end up dwarfing the Australian market, and the core brands are always a giant moat to competitors.
Not something I'm buying for a quick win, but definitely something I'm happy to hold in my SMSF, as by the time I retire in 30 years or more, the wealth generated (via dividend reinvestment) should easily see capital appreciation of 10%+.
Hard to know where it'll stop falling, but presents excellent long term value right now.
CCL Price at posting:
$11.39 Sentiment: LT Buy Disclosure: Held