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Message
Should we be buying Cruise Stock?
Posted on 3/13/20 at 9:41 am
Posted on 3/13/20 at 9:41 am
Came across this link and was wondering what the board's take is on this. I am particularly interested in the Norwegian stock.
Norwegian Cruise Line Holdings Ltd - Current price is $10.74 (was $54.43 a month ago).
Carnival Corp - Current price is $16.37 (was $43.20 a month ago).
Royal Caribbean Cruises Ltd - Current price is $30.95 (was $113.62 a month ago).
Coronavirus Scare Wipes Out Half of Cruise Stocks' Market CapLINK
Norwegian Cruise Line Holdings Ltd - Current price is $10.74 (was $54.43 a month ago).
Carnival Corp - Current price is $16.37 (was $43.20 a month ago).
Royal Caribbean Cruises Ltd - Current price is $30.95 (was $113.62 a month ago).
Coronavirus Scare Wipes Out Half of Cruise Stocks' Market CapLINK
5
Posted on 3/13/20 at 9:43 am to saints5021
I don't know cruises aren't considered essential to the economy and probably won't get a bailout I think bankruptcy could be coming for some of these.
At the least they're facing serious scrutiny/regulation over their sanitizing procedures. I think they're better candidates for shorting still.
At the least they're facing serious scrutiny/regulation over their sanitizing procedures. I think they're better candidates for shorting still.
Posted on 3/13/20 at 9:46 am to arkiebrian
quote:
I don't know cruises aren't considered essential to the economy and probably won't get a bailout I think bankruptcy could be coming for some of these.
That's EXACTLY what I told my brother a few days ago when he was all in on cruise stocks. I can see a couple of them going under.
Posted on 3/13/20 at 9:49 am to TDsngumbo
They aren't essential, but they have a shite ton of assets (ships) that aren't going anywhere.
Posted on 3/13/20 at 9:58 am to saints5021
I bought a few shares of royal carribean. They seem to be better positioned to recover. If they go tits up I'm not out much. If they don't I make money. No biggie.
Posted on 3/13/20 at 10:05 am to saints5021
quote:
They aren't essential, but they have a shite ton of leveraged assets (ships) that aren't going anywhere with passengers.
FIFY
Posted on 3/13/20 at 10:09 am to arkiebrian
quote:
I don't know cruises aren't considered essential to the economy and probably won't get a bailout I think bankruptcy could be coming for some of these.
At the least they're facing serious scrutiny/regulation over their sanitizing procedures. I think they're better candidates for shorting still.
Ok, millenial.
When this panic is over (and it will be over soon), I'm cruising like a madman.
Sincerely,
Boomers
Posted on 3/13/20 at 10:15 am to saints5021
I bought CCL in 2010 for $29 a share for the OBC per cruise. Have more than gotten my investment back. Watched it jump to over $70 a couple of years ago, now it's crashed.
I just had a cruise cancelled by Princess, but I'm getting 150% of the cost of my cruise, so I'm still overall ahead.
I didn't buy the stock for the gains, just for the shareholder OBC, but man, what a ride down it's been on. I need to see if RCL or Norwegian give shareholder OBC, might be a buying opportunity.
I just had a cruise cancelled by Princess, but I'm getting 150% of the cost of my cruise, so I'm still overall ahead.
I didn't buy the stock for the gains, just for the shareholder OBC, but man, what a ride down it's been on. I need to see if RCL or Norwegian give shareholder OBC, might be a buying opportunity.
Posted on 3/13/20 at 7:07 pm to arkiebrian
quote:
I think they're better candidates for shorting still.
Anyone buying puts on Caribbean? It’s looking tasty.
Posted on 3/13/20 at 7:15 pm to saints5021
I would think some conglomerate company with loads of cash would be happy to acquire any sinking ship
Posted on 3/13/20 at 8:49 pm to kywildcatfanone
quote:
I bought CCL in 2010 for $29 a share for the OBC per cruise. Have more than gotten my investment back.
Are they still offering the OBC? How many shares must you own?
Posted on 3/14/20 at 1:50 am to djmicrobe
I believe it’s 100 shares
Posted on 3/14/20 at 8:08 am to djmicrobe
quote:
Are they still offering the OBC? How many shares must you own?
100 shares. Cheap right now to get that benefit, assuming they continue to offer it after all this.
Posted on 3/14/20 at 9:13 am to arkiebrian
They wont and should not get bail outs because generally most, if not all of them, are not based in the US and most of the workers are not US citizens.
Posted on 3/14/20 at 10:27 am to saints5021
I wouldn't buy an ETF on them, that's for sure. There will be a lot of losers and a couple of big winners. Of course if we bail them out, which would be insane, then who knows.
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