same earnings as last year in guidance

Doesn't sound very encouraging - the last year with no growth was 2006 I think - and the market sold CCL down from about $8.80 to about $6 at the extremes - about 30%. Obviously there were probably dividends to soften the blow.

If it was to do the same sort of thing this year to next 30% off 15.40 the SP would be $11 approx.

There is not much love this morning. Trading at about 18 times earnings does not seem right alongside zero growth.

GLTA

Short term sell, but long term buy if it dips a lot ;-)