the major problem for coke, page-12

agreed ccl has always employed high debt levels.

BUT:
a) you don't want debt high debt when profit going backwards
b) you don't want to be buying/holding on an anticipated high historical dividend yield when (a) is in play.
c) like MTS CCL is going through a 'STRATEGIC' review. Unlike operational/management reviews, strategic reviews when they occur because of declines in profit are not good. Strategic reviews take several years on average to play out and they may not be successful.


So let the short term traders have their fun on a short run bounce, and let the 'value' players get sucked into the recent share price decline.

I am happy sitting on the sidelines and exercising on of those most important of investment characteristics, patience.