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"Norwegian's debt load ballooned to over $11.6 billion, though it also has over $3.3 billion in cash. That should keep it operational until it finally gets the green light from health authorities to begin sailing again."

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

1 posted on 03/05/2021 10:00:08 AM PST by Capt. Tom
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To: Capt. 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.


2 posted on 03/05/2021 10:21:08 AM PST by Williams (Stop Tolerating The Intolerant)
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To: Capt. Tom

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.


3 posted on 03/05/2021 10:22:55 AM PST by Williams (Stop Tolerating The Intolerant)
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To: Capt. Tom

Biden will bail them out via Iran.


5 posted on 03/05/2021 10:30:03 AM PST by eyedigress (Trump is my President!)
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To: Capt. Tom

7 posted on 03/05/2021 1:12:18 PM PST by plain talk
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To: Capt. Tom
One thing the cruise lines have in their favor is that the debt held by the lenders is probably mostly secured by the ships themselves. If the big cruise lines go under, those large cruise ships drop in value to what? It's not like there is a large market for large ships with all of the infrastructure in place that they have.

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?

8 posted on 03/05/2021 1:19:25 PM PST by Bernard (“When once the guardian angel has taken flight, everything is lost”. – William H. Seward, 1/12/1861)
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To: Capt. Tom

Read later.


13 posted on 03/05/2021 11:11:13 PM PST by NetAddicted (Just looking)
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To: Capt. Tom; Williams; Bernard

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.


14 posted on 03/06/2021 8:18:31 AM PST by entropy12 (It is NOT WHO VOTES, it is who COUNTS THE VOTES wins elections...paraphrasing Stalin)
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