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Started By
Message
1
Posted on 3/27/20 at 10:36 am to saints5021
quote:
the Government essentially put them out of business.
It is not the government's fault that Cruise lines are floating petri dishes that can't attract passengers in a pandemic.
Posted on 3/27/20 at 10:51 am to ColoradoAg03
I wondered how this would play out. I mean, are they less essential to the vacation community than airlines? All travel will be different going forward anyway, you will see less overall business travel, and you will see airlines catering to vacationers in the future.
Now, if they are flagged in the Bahamas and other places simply to avoid taxes, that's troubling, but they all have large offices that employ a lot of people on US soil. They are also responsible for other employment in the country with ports, food distribution, etc.
Now, if they are flagged in the Bahamas and other places simply to avoid taxes, that's troubling, but they all have large offices that employ a lot of people on US soil. They are also responsible for other employment in the country with ports, food distribution, etc.
Posted on 3/27/20 at 10:54 am to kywildcatfanone
the individual ships are internationally flagged not the corporation.
this is SOP for every mercantile vessel ever
this is SOP for every mercantile vessel ever
Posted on 3/27/20 at 10:55 am to GenesChin
quote:
It is not the government's fault that Cruise lines are floating petri dishes that can't attract passengers in a pandemic.
Trump met with the cruise line CEOs. Trump asked them to close down for a while, and in exchange, he would help them out.
This is going to make Trump look bad.
Posted on 3/27/20 at 11:05 am to GenesChin
quote:
t is not the government's fault that Cruise lines are floating petri dishes
What do you consider airplanes?
Posted on 3/27/20 at 11:18 am to kywildcatfanone
The cruise industry has saved the economy of many Caribbean Islands.
Posted on 3/27/20 at 11:42 am to kywildcatfanone
quote:
What do you consider airplanes?
Flying petri dishes
quote:
Trump met with the cruise line CEOs. Trump asked them to close down for a while
Cruise lines were going to get crushed by this with/without government involvement.
This post was edited on 3/27/20 at 11:44 am
Posted on 3/27/20 at 12:12 pm to GenesChin
I'm not necessarily against bailing out cruiselines but I can't for the life of me figure out why they specifically are being discussed so much
IMO they are so far down the totem pole of companies/industries that need (deserve) to be bailed out. Retail as an example covers 1 in 4 US jobs and yet no one is talking about that entire sector really.
IMO they are so far down the totem pole of companies/industries that need (deserve) to be bailed out. Retail as an example covers 1 in 4 US jobs and yet no one is talking about that entire sector really.
Posted on 3/27/20 at 12:53 pm to 632627
quote:
Cruising is a huge industry, is there any way one of the big names goes under? Or do they just reorganize and the stock holders get screwed?
RCL and CCL have relatively low liability to asset ratios and the demand isn't going anywhere.
Not saying go all in but they're decent stocks to have in your portfolio. NCLH should be ok too - didn't get into that particular one but they're not in a bad place financially.
Posted on 3/27/20 at 12:59 pm to kywildcatfanone
quote:
I mean, are they less essential to the vacation community than airlines?
Seriously? I do a lot of necessary business travel via airlines. Never have I taken a cruise to a worksite.
Posted on 3/27/20 at 1:21 pm to ColoradoAg03
One small good thing that shouldn't have been in the bill. So many other bad things that will wreck our economy for years to come.
Posted on 3/27/20 at 2:32 pm to seawolf06
I wanted to buy RCL at $22 and didn't, watched it run to $44 and now at $35. I want to get some but wondering if I should wait till Monday as the weekend has been a bloodbath the last few weeks. Thoughts?
Posted on 3/27/20 at 2:50 pm to Bestbank Tiger
quote:
RCL and CCL have relatively low liability to asset ratios and the demand isn't going anywhere.
Not saying go all in but they're decent stocks to have in your portfolio. NCLH should be ok too - didn't get into that particular one but they're not in a bad place financially.
This is comforting considering I bought all 3 recently.
Posted on 3/27/20 at 4:36 pm to 632627
I shorted SYY to pick up RCL and NCLH.... fingers crossed because its been a long day
Posted on 3/28/20 at 12:04 am to LSUFanHouston
quote:
The vast majority of a cruise ship's time is spent outside of the US. They aren't registered outside of the US to avoid US income taxation. They are registered outside of the US to avoid US regulation on their ships,
lol, nope
They are not US flagged as each vessel is set up as an ind. corp and registered outside the US to avoid paying US taxes, they must still meet all ABS regulations.
Flag and classification are 100% different issues
Posted on 3/28/20 at 4:02 pm to 632627
I bought Norweigan last week. Considering selling and taking a small loss then picking it back up once it has gone down more... I was around 7-8 dollars last week. Any thoughts?
Posted on 3/28/20 at 4:11 pm to whackinandstackin
quote:
I bought Norweigan last week. Considering selling and taking a small loss then picking it back up once it has gone down more... I was around 7-8 dollars last week. Any thoughts?
If you're going to buy more just hang on to what you have.
Don't sell at a loss unless you don't think the stock will ever get back to where it was when you bought. (Or if you NEED CASH NOW.)
Posted on 3/28/20 at 4:15 pm to whackinandstackin
quote:
Any thoughts?
there are far easier ways to make money than gambling on an industry that is currently shut down and may continue to be for some time
cruise ships are notorious for incubating viral infections and the only reason it hasn’t shut them down before is that nobody dies from norovirus
this current bug isn’t going to go away quietly it seems.
packing 3000 people on a floating buffet line is unlikely to happen any time soon
Posted on 3/28/20 at 4:19 pm to Bestbank Tiger
I believe it will come back up, but I'm unsure if I would be better off to sell and not have to ride it back down however far it may go.. The money I would lose is profit from trading the last few weeks. I'm currently still in the green.
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