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re: Non airline or cruise ship COVID recovery plays?
Posted on 2/21/21 at 8:28 pm to wiltznucs
Posted on 2/21/21 at 8:28 pm to wiltznucs
quote:
Norwegians financials are downright frightening. They are billions underwater and will likely pay down that debt before shareholders see a dime. In their best year they did $6.5B in gross revenue. Not profit, we’re talking about revenue. They are currently in at least $8B in debt.
Debt is actually in excess of $10 billion. The rates are lower than you would expect from a company that was on the brink of bankruptcy, though. They were over $6 billion in debt at the end of 2019, so debt has not been the only issue. It’s also uncertainty of when they will sail again coupled with dilution of the stock. They issued 60 million shares in 2020. Still, Royal Caribbean is $18 billion in debt, so amongst the cruise lines Norwegian is doing better than others as it relates to debt. They just have to sail again this year.
Posted on 2/21/21 at 9:15 pm to go ta hell ole miss
Agreed, if you want to gamble Norwegian seems like the safest option of the bunch.
Posted on 2/22/21 at 9:09 am to jimbeam
It would be the one I took profits on a couple weeks ago. LUV needs to follow suit.
Posted on 2/22/21 at 10:05 am to GREENHEAD22
AAL doing well also. I have some JETS etf which holds all the major airlines it seems to be doing well
Posted on 2/22/21 at 10:10 am to tigersfan1989
CCL and UAL have been great for me.
Posted on 2/22/21 at 10:39 am to Dawgfanman
quote:
AHT - Hotel REIT RYCEY - Rolls Royce/airplane engines
Both up nicely this AM, for my downvoter
Posted on 2/22/21 at 11:24 am to GeneralLee
My hotel stocks are crushing it.
Posted on 2/22/21 at 11:30 am to GeneralLee
The ARK Restaurant ETF might be a nice play as covid goes down.
Posted on 2/22/21 at 1:01 pm to jimbeam
Any thought on what the top is for DAL, LUV, BA? Bought last year when everything crashed, but also figured travel would be back by now.
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