cruise stocks

cruise stocks are tanking in the last three weeks. does anyone know why?

I believe RCI had some poor comments at the last quarterly conference call. Dragged everyone with them

Cause there were more sellers than buyers.

Because the RCI results reminded people that the P/E on these stocks is ok for GROWTH companies, but continual growth is not assured. Good long term, not good speculative stocks. So the speculators start to back off...

Well for CCL, its the Zeka virus, has people running scared. Also we got a pending $10/barrel tax comming on the oil, and then the slumping chinese economy and most of the new ships being built is for that market. It is a perfect storm. If not for the CCL cruise discount, I would be out of this dog!

Global Market concerns.

Now the world health issue.

And the market has been down.

And the market is never very logical.

Keith

You have to consider why you are holding this stock. Many people here are holding it for the OBC when they travel. We get $500 to $1250 per year in the OBC. Add on the dividend, and we do quite well with it. We paid about $26 for it in 2009, so even at $40 it has been great for us.

The cost of oil is affecting the market.

Stocks around the world are bad.

We have been through this before and will get through it again.

Hang in there.

If you have extra resources, now is the time to buy some stocks.

i think the bad news from RCCL pulled down all cruise stocks.....wouldnt it be great if we knew where the bottom is?

Well for CCL, its the Zeka virus, has people running scared. Also we got a pending $10/barrel tax comming on the oil, and then the slumping chinese economy and most of the new ships being built is for that market. It is a perfect storm. If not for the CCL cruise discount, I would be out of this dog!

The oil tax is a proposal, it is not "coming". No sign it will pass.

While the Zika scare, and plunging oil prices are having an immediate impact, my thoughts are that the global economy is having a negative long-range effect on the cruise line stock prices. RCCL has invested very heavily in the Asian cruise market -- which is being impacted by the shaky Chinese stock market. And, in North America, lots of Canadians are re-thinking future cruise plans, until their dollar makes a come-back. Bottom line: cruise stocks fall purely within the realm of "travel & leisure". As such, they tend to tank first, and recover last, in a "bear" economy. Just my observations, over the years.

Global Market concerns.

 

Now the world health issue.

 

And the market has been down.

 

And the market is never very logical.

 

Keith

Bernie Sanders had it right when he said the stock market is rigged. No one really has any idea why things have been rising and falling so abruptly.

If the super rich would stop manipulating the market for their own selfish gain, normal people would have more confidence

but the cruise stocks have been battered worse than others in the ladt three weeks!

but the cruise stocks have been battered worse than others in the ladt three weeks!

If your 401K or IRA is tied to this uncertain stock market activity , are worried about this latest virus , or overseas terrorists you may be putting off cruise travel plans until hopefully things change .