Royal Caribbean International (RCL) Gets Massive Cash Infusion.
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NWLB
Feb 13, 2009, 4:37:02 PM2/13/09
to Royal Caribbean Fan
Royal Caribbean International filed required papers with the SEC to
report that Private Capital Management, L.P. ("PCM") had bought over
8.4 million shares of common stock. At present prices, that amounts
to something akin to $50,000,000 in cash for Royal Caribbean. This
seems to be a major vote of confidence in Royal Caribbean during tough
economic times!
RCL (Common Stock)
Last Trade: $6.92
Change: +0.07
% Change: +1.02%
Volume: 3,887,892
Day's High: 7.06
Day's Low: 6.60
Previous Close: 6.85
Exchange: NYS
report that Private Capital Management, L.P. ("PCM") had bought over
8.4 million shares of common stock. At present prices, that amounts
to something akin to $50,000,000 in cash for Royal Caribbean. This
seems to be a major vote of confidence in Royal Caribbean during tough
economic times!
RCL (Common Stock)
Last Trade: $6.92
Change: +0.07
% Change: +1.02%
Volume: 3,887,892
Day's High: 7.06
Day's Low: 6.60
Previous Close: 6.85
Exchange: NYS
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