SpringBokVol
I'm the master of my fate
- Joined
- Nov 7, 2008
- Messages
- 24,933
- Likes
- 64,167
Cruise lines about to go back down. Stimulus bill doesn’t include them.
Any "stimulus" would probably include loans (requiring payback ?).
I'm not saying it won't go back down, but for example, this particular Line has already secured a certainly amount of near-term security ($2.2b).
Any thoughts?
https://www.bizjournals.com/southfl...s-secures-2-2b-loan.html?ana=yahoo&yptr=yahoo
THIS CHANGES EVERYTHING!!!
They dropped below $10 per share in 08-09. It is a popular way to travel, and they quickly rebounded. That is likely to happen again unless this virus just does not end. IT DID NOT tAKE LONG FOR THE STOCK TO GET UP TO $50-80 per share last time.
I would stick to the big three RCL, CCL NCHL.
If you cruise and own 100 shares you typically receive on board credit, cabin upgrade. Etc.