Should Investors Climb Aboard Carnival’s Damaged Stock?

Intrepid investors can cash in on catastrophes like the Costa Concordia shipwreck, but Carnival's prospects remain unclear.

What would Warren do? It’s a question worth asking in light of the Costa cruise ship disaster and Warren Buffett’s oft-quoted advice to be fearful when others are greedy and to be greedy when others are fearful. Might the master be buying shares of Carnival Corp. (symbol CCL) at its newly discounted price? Did he snap up any of them on January 18, when they jumped 3.2%, to $30.55, a day after they plunged 13.7%?

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Jennifer Schonberger
Staff Writer, Kiplinger's Personal Finance