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Started By
Message
Cruise Industry, especially CCL worth taking the risk
Posted on 10/13/20 at 2:00 pm
Posted on 10/13/20 at 2:00 pm
I've been weekly trading CCL and doing very well. However, I haven't seen a dip like this in a while. With the latest postponement of sailings do yall think we have another day of selloffs?
4
Posted on 10/13/20 at 2:39 pm to EveryoneGetsATrophy
They’ve been in this range for 6+ months. They were lower just 3 weeks ago. If you’re trading on up and down swings you’re always going to get caught at some point as long term it’s unlikely to remain at 13-18$. It’s either going much higher or going much lower over the coming years.
Posted on 10/13/20 at 4:22 pm to C
There was some mention of a bankruptcy option. That could be what spooked it.
Posted on 10/13/20 at 5:35 pm to Auburn1968
i own some NCLH, as long as testing turnaround times continue to improve, i can't see why the cruise lines can't start to operate and create a safe process.
If cruisers are willing to provide pretesting and then testing again before boarding, im sure things will pickup in the spring.
maybe just my wishful thinking but ok with holding like the banks.
If cruisers are willing to provide pretesting and then testing again before boarding, im sure things will pickup in the spring.
maybe just my wishful thinking but ok with holding like the banks.
Posted on 10/14/20 at 10:34 am to EveryoneGetsATrophy
They look to have about a year’s worth of cash on hand, maybe a little less. Any chance they get some stimulus money?
Posted on 10/14/20 at 11:04 am to Captain Crackysack
A large portion of many cruisers are older, will they shy from cruising post covid?
Posted on 10/14/20 at 12:51 pm to Captain Crackysack
quote:
Any chance they get some stimulus money?
Most cruise companies are not US based, so I doubt it.
Posted on 10/14/20 at 9:47 pm to EveryoneGetsATrophy
Just picked up 200 shares to hold for a while.
Posted on 10/15/20 at 7:03 am to UltimaParadox
quote:
Most cruise companies are not US based, so I doubt it.
CCL is a US company.
Posted on 10/15/20 at 8:20 am to wickowick
quote:
A large portion of many cruisers are older, will they shy from cruising post covid?
Cruise line passengers have been called "the newly weds and the nearly dead" for a long time.
The covid vaccines for early release next month or so will be going to the elderly first.
Posted on 10/15/20 at 8:53 am to EveryoneGetsATrophy
The demand is still there. It will be slow to rebound but I bought some at $8 and got out at $16. They are getting lean and will not be the same when they begin to sail. I don't see any stimulus money for them maybe some favorable loans sine they employ a lot of stevedores, porters, food service delivery stuff, etc.
Posted on 10/15/20 at 10:45 am to EveryoneGetsATrophy
quote:
CCL is a US company.
They are, but they are basically exempt from US taxes so no stimulus for them.
Posted on 10/15/20 at 7:20 pm to igoringa
I bought when the market tanked. They're not drowning in debt and as long as they aren't sailing their operating expenses are low. They can borrow money at a reasonable rate and survive. So I'm holding for now.
Posted on 10/15/20 at 8:17 pm to EveryoneGetsATrophy
quote:
CCL is a US company.
I believe they are incorporated in Panama, so they get a huge break On taxes. It’s an equivalent exemption country where they are not required to pay the 21 percent corporate income tax that U.S. companies are obligated to pay. I may be wrong about that, but I do not think so. They just have headquarters here.
They saved about $600 million in taxes in 2019 as a result of this, so they get a bailout every year. I own some Norwegian, so I would personally like to see them get money, but they should not get the benefit of a double whammy.
This post was edited on 10/15/20 at 8:20 pm
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