Royal Caribbean International (RCL) Gets Massive Cash Infusion.
Friday, February 13th, 2009Royal 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 |


