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saints5021
USA Fan
Louisiana
Member since Jul 2010
8756 posts

Should we be buying Cruise Stock?
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


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3821 posts

re: Should we be buying Cruise Stock?
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.


TDsngumbo
LSU Fan
Member since Oct 2011
23177 posts

re: Should we be buying Cruise Stock?
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.


saints5021
USA Fan
Louisiana
Member since Jul 2010
8756 posts

re: Should we be buying Cruise Stock?
They aren't essential, but they have a shite ton of assets (ships) that aren't going anywhere.


AllDayEveryDay
Texas A&M Fan
Nawf Tejas
Member since Jun 2015
1409 posts

re: Should we be buying Cruise Stock?
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.


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41
cave canem
Mississippi St. Fan
pullarius dominus
Member since Oct 2012
11421 posts

re: Should we be buying Cruise Stock?
quote:

They aren't essential, but they have a shite ton of leveraged assets (ships) that aren't going anywhere with passengers.



FIFY


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gizmoflak
Georgetown Fan
Member since May 2007
11055 posts

re: Should we be buying Cruise Stock?
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


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60
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
69807 posts

re: Should we be buying Cruise Stock?
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.


Kvothe
Member since Sep 2016
1250 posts

re: Should we be buying Cruise Stock?
quote:

I think they're better candidates for shorting still.



Anyone buying puts on Caribbean? It’s looking tasty.


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tigersfan1989
LSU Fan
Louisiana
Member since Oct 2018
326 posts

re: Should we be buying Cruise Stock?
I would think some conglomerate company with loads of cash would be happy to acquire any sinking ship


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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
4970 posts

re: Should we be buying Cruise Stock?
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?


Volt
LSU Fan
In the woods near Kentwood
Member since Nov 2009
2599 posts

re: Should we be buying Cruise Stock?
I believe it’s 100 shares


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
69807 posts

re: Should we be buying Cruise Stock?
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.


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GWfool
George Washington Fan
Member since Aug 2010
2038 posts

re: Should we be buying Cruise Stock?
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.


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60
Overbrook
Tulane Fan
Member since May 2013
5541 posts

re: Should we be buying Cruise Stock?
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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