dasherHampton
Platinum Member
- Jan 19, 2018
- 2,543
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Under the previous CEO, sure. But under this new guy the turnaround seemed to be taking hold until the virus hit.
so NCL announces it might go bankrupt.
then the next day, it announces $2B infusion.
why would a company announce that might go bankrupt if they are in talks for $2B?
wouldnt that hurt their chances in securing the $2B?
I mentioned Carnival, not Norwegian. But as far as NCL is concerned they issued the going concern statement as a standard precaution. When your company is impaired to the point it is no longer operating then you should warn shareholders that your ability to stay in business is in doubt unless you can start sailing ships again.
A lot of companies should be issuing going concern statements such as most oil and gas companies. If you believe cruise lines will all go out of business, then please DO NOT buy any shares. You are right to be skeptical.
Worse still, even when these restrictions are lifted, many people may choose to forego cruise ship travel due to fears of getting sick. Thus, despite their recent -- and potentially future -- capital raises, Norwegian, Royal Caribbean, and Carnival are likely to remain in a battle for survival. Unless a vaccine or effective treatment for COVID-19 is developed soon, bankruptcy could be an unfortunate possibility for one or more of the major cruise ship operators.
Back in March -- when there was still hope that the sailing disruption would last weeks instead of months -- only 45% of Carnival's passengers were going for the sweetened cruise credit. More than half of the displaced customers calling in were opting to get their money back
ncl has no ships sailing, unknown when ships will start sailing, a ton of debt, and stock dilution.Why in the hell are you guys messing around with stuff like cruise lines?
I get the feeling that you have very expansive view of what constitutes "a while." heheI am only buying cruise lines when cheap because it will take a while for any of them to be 5-baggers.
sqqq dropping after hours 1%.. sighand im in sqqq @ 11. rolling the dice...
lets see if tomorrow's monthly unemployment #s for April will start the retest of recent low.
Why in the hell are you guys messing around with stuff like cruise lines?
You are correct that the economy is one important aspect in the value of stocks. But it isn't the only aspect. The issue that is MORE important than unemployment and the GDP is: where else should the money go? Even though paper wealth did decline significantly, the world's governments are also rapidly ramping up paper wealth with stimulus after stimulus. This wealth has to go somewhere. So, if you had control of the world's $360 trillion of wealth where would you put it?With 33 million people unemployed in this country, why is stock market headed back to all time highs? We are at depression level unemployment.
Why buy even one stock in the stock market?
You are correct that the economy is one important aspect in the value of stocks. But it isn't the only aspect. The issue that is MORE important than unemployment and the GDP is: where else should the money go? Even though paper wealth did decline significantly, the world's governments are also rapidly ramping up paper wealth with stimulus after stimulus. This wealth has to go somewhere. So, if you had control of the world's $360 trillion of wealth where would you put it?
and you are right, much to the anguish of my sqqq.But you can bet stocks will go up tomorrow no matter what you think or want.
and you are right, much to the anguish of my sqqq.
but how did you know that the market will go up despite the huge April unemployment #s?
If you're a 1%er, you can always invest in rare automobiles. Something like a vintage Ferrari tends to hold it's value well, even during a recession.
I prefer to invest in pinball machines, thank you very much!
and you are right, much to the anguish of my sqqq.
but how did you know that the market will go up despite the huge April unemployment #s?
$1200 bet for shits and giggles?I bought 6 QQQ 221.50 puts for $2 just for shits and giggles for next week.
People sitting at home, why not waste $50 on booze and videogames?
$1200 bet for shits and giggles?
ATOT $ represent!
Lol you think not having a job means Americans don't spend money?....because 20% of them don't have jobs anymore?
Oh right, you don't know actual people.