That last paragraph in the article is not very encouraging to me.
Relying on our CDC could put you in bankruptcy.
IMHO Cruise lines are operating like our country does, borrowing money without the income to pay it back.
The big differences is when our creditors want their money payed back, our country has bigger guns and printing presses. A Cruise line doesn't have those two things.
So their fate in this country, is in the hands of our CDC, and the Biden Group , and Socialist politicians. -Tom
Just another example of why no one can predict the stock market and certainly not on a short term basis.
Analysts had just raised the price target for this stock a day ago, then it sunk 15% today on this news.
Best example of the risk in stocks: Covid.
But over the long term nothing has beaten investing in the American economy and markets.
The difference between our country and cruise lines: The cruise lines are sidelined right now but they actually provide a service and earn money when they are allowed to.
Biden will bail them out via Iran.
If/when the cruise lines go down, the banks might go with them, at least for the 11 Billion or so. It's like holding the mortgage on a gas station with a huge fuel leak remediation issue - who wants it?
Read later.
Best time to make money in stocks is when bad news knocks it down. Best time to sell a stock is when good news comes out.
Best trade I ever made was last March 2020, when I jumped in with all the spare cash I could muster. News was very bad about covid-19. Now people have realized covid-19 was not the monster the media was portraying it to be. After the vaccines came out stocks went up more. I will sell now after 1 year holding period to pay tax at lower rates and the good news is out. 50%+ profit in 1 year is the most I ever made in one year in the relative safety of index funds.
As for future of cruise industry, I am 99.99% certain it will come back with a vengeance. It is an amazing value for a carefree, crime free, stress free, 5***** holiday. Covid-19 will be around for many years but with the vaccine, it will not be a big impact on the economy.