Carnival Cruise Line extends suspension of operations through June 26 in response to coronavirus crisis. The cruise line industry is one of the most affected industries from the coronavirus and likely to take longer then expected to recover from this huge loss! Take time to learn why things might get worse before they get better!
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CARNIVAL IS HITTING ALL THE BRANCHES OF THE UGLY TREE
InvestorPlace Contributor May 26, 2020, 8:36 am EDT
Carnival is noteable for encouraging 1,500 confirmed COVID-19 passengers to go aboard ships between February and March and having tested postive thereafter for the virus with over 30 deaths
While that number comes from about 7 of the company’s ships, it is still a significant number that the CDC feels could have been avoided. According to CDC epidemiologist and cruise ship task force leader Cindy Friendman, Carnival had ample warning to cancel sailing and prevent this issue
s.
CCL stock looks like it’s on a discount. It’s the people who decide with their wallet what they want to do and it’s not likely they’ll return to the open waters for a non-essential function like going on a Carnival cruise ship hereinafter.
Reality Works Against CCL Stock
For those that think this industry offers untapped recovery potential, I would reconsider the thesis. Unlike other disasters that we’ve faced in this country, this is a crisis that has impacted in some significant way every American. Indeed, much of the world has suffered acutely from the pandemic.
Therefore, the quick recovery narrative that you would find associated with, for instance, tragic accidents isn't the same here. That airplanes crash or that boats sink is an accepted risk that consumers take, particularly because these incidents are rare.
It’s gong to take time but just like everything else that hits our world and passes through, people will forget about it and travel like normal well before the end of 2021.
Investing is a long game anyway. I’m willing to wait and have the time.
This is a bad idea, I know people who are still waiting for refunds. Enjoy feeding their bankruptcy. They also are going to have massive lawsuits for mishandling the situation. (Not informing passengers about known spreading and turning off live TV in the staterooms)
No one knows which airline or cruise line is gonna go belly up at this point…very risky to invest in any of these names right now…. remember GM in 2008 ? The stock ended up worthless
If one of these companies would brand themselves as Trump cruise lines it would be over sold in a week and full of people looking for liberty….you could have shooting ranges on them for fun and fundraising parties on board…..what you think….possible?
I've made 35k on CCL already. It is going to keep going up with everything else – just has further to go. I bought the dip….
Wise insight Ricky, really appreciate your view on this.
Royal Caribbean is at $30 where as a couple months ago it was $150. I’m taking a shot and I’m investing. The upside seems to good. I’m looking at it in terms of a long term investment.
People would be retiring. Now. And later. CCL and RCL are cheap now. Buy and hold.
Agree 100%
warren buffet just dumped his delta and southwest airlines shares. whats your take on it?
News already showing cruises are set to sail starting Mid May and June. Secondly, just because people don't have money, doesn't mean they wont travel. Millions of people live a life in debt all the time. I bet 75% of travelers put their trip on their credit cards. Bottom line, this is dirt cheap price even if it dips more, great long term investment. Not many stocks have this type reward opportunity in place. If your good long term, park some cash here!
I’ll buy now. I’m in it for the long run
It’s going to take longer. But overall CCL is a good investment as it’s so low at the moment, can’t wait till it goes back up
Going all in half on CCL, half on NCLH. If you want to ‘diversify’ some more throw RCL in there too. This is a once in a lifetime situation! Also some into JETS
For daytraders like you, it doesn't make sense. NOT everyone is a DAYTRADER! and a lot of these companies are at a major discount which is nice for parents to build up college funds, kids retirement accounts, etc., This as many other companies/industries will come back eventually and since we're not timing the market we can take advantage of these LOW STOCK PRICES and MAKES TOTAL sense to start nibbling shares. please stop giving advice based on the DAYTRADING mentality. not everyone is a DAYTRADER.
Keep an eye on leveraged oil ETF’s like $UCO
I would say no. which means that if I say no, like I did with TSLA & BA, it means you should load up on CCL.
I personally prefer airlines, but theres so much more potential money to be made in cruises. Even if folks stopped going on vacation, there will always have to be flights for business, school, and social events. It's very easy for folks to just stop taking cruises and life continuing on
Yet Ricky, it has bounced sinced 7$, higher. You mentioned vaccine so many times, but that reality is so far off anyway, by then it has mutated. You offer good feedback, limit your editing please.
Cruise lines are not going to be part of the bailout, because they are not registered in the U.S.
Pump is not good lot of people losing money lot of money
CCL will get their bailout money from the Saudis. This might go lower but bankruptcy is pretty much off the table.
Airlines
😍
Another factor one should look at how oil effects these industries such as airline and cruise (they drink oil like its water) oil couple of pointers 1.saudi/countries want airelines/cruise to get up and running because they are larger purchasers of oil 2. these industries are not starting till corona virus is under control (think from a point of view of the aireline or even a country do you want yor people getting infected or a headline saying "delta airline flight from austrlia to usa tested positive with corona virus" that looks terrible 3. 1 thing is for sure if these industries get back on there feet they going to rock it hard.
I have a few years to wait for my 4x return. No biggie.
I think that there could definitely be a bailout for the Cruiseline industry or at least some kind of federal legislation that helps to ease their financial burden and help recover some losses from the Coronavirus period. The recovery time of the airlines would be a good marker to help determine the recovery for the Cruiselines. If people feel safe to fly being that it requires such close quarters to complete strangers, I can't imagine the Cruiseline industry would be too far behind. Once the data begins to show that the cases of Coronavirus are down to very miniscule numbers, the anxiety will decrease substantially here in America, and people will begin to patronize these vacation industries once again.
It was a buy when it fell below $8 😎I’d wait for the second crash to come
Bought a couple hundred shares @ 9.50. Pretty small investment that I’ll sit on for awhile and see where it goes.
Invest in jc Penney stock
they got a bailout…from the Saudi fucking government
The Cruise Industry is DEAD ☠️📉😷🛳️☠️
SIMPLE! Buy and Hold These Stocks! We Will Bounce Back And Get Back To Regular Scheduled Programing. People Will Not Stop Traveling, Especially Cruising.
How long do you think the cruise line industry will take to fully recover?