NCLH Stock

[mrlevin]

Just filled at $27.00, hope I didn't overpay.

 

Marc

Edited March 6, 2020 by mrlevin

[Anchorbuoy]

1 hour ago, mrlevin said:

Just filled at $27.00, hope I didn't overpay.

 

Marc

 

Sell it right now at $30 and call it a day.

[jeb_bud]

On 3/6/2020 at 6:35 AM, mrlevin said:

Just filled at $27.00, hope I didn't overpay.

 

Marc

I bought at $23 this morning. A half hour later it dropped below $21. Grrr. 
 

I plan on holding until we stop cruising so plenty of time for the price to recover. 

[mrlevin]

I think it will be a while before I see any appreciation over $27; still hope to get enough shipboard credit before the company goes bankrupt.

 

Learned that Captain of Mariner found out from his Indian crew members, not corporate, that Indian ports are closed.

 

Still scheduled to send four ships to Europe this summer even after spike in cases in Italy, France, and Spain.

 

And, I can't get out of my mind that although he was fired by Renaissance prior to the Renaissance bankruptcy, Frank del Rio had been in charge and he was the one that piled on the debt; the same problem that NCLH is facing.

 

I sure would like to hear some real plans out of corporate; this 48 hour cancellation policy is much appreciated but it is only putting a thumb into the dike, i.e., doesn't solve any long term problems.

 

Marc

 

PS I really trust Jason; Oceania would not have gotten off the ground if it weren't for Jason.

Edited March 9, 2020 by mrlevin

[slidebite]

Yikes. It was a bloodbath today. $19.81

-26.7%

 

 

[pingpong1]

On 3/6/2020 at 7:35 AM, mrlevin said:

Just filled at $27.00, hope I didn't overpay.

 

Marc

 

1 hour ago, jeb_bud said:

I bought at $23 this morning. A half hour later it dropped below $21. Grrr. 
 

 

I'm sure you've both heard the stock market expression, "Never try to catch a falling knife"!  I'm sitting here (and waiting, just like both of you) patiently holding onto many hundreds of shares of Boeing!  Ouch!  At least there's still plenty of bottles of Glenlivet to be enjoyed (assuming that I'll still be able to afford them!)  😵

[mrlevin]

25 minutes ago, pingpong1 said:

 

 At least there's still plenty of bottles of Glenlivet to be enjoyed (assuming that I'll still be able to afford them!)  😵

 

In addition to 30-45 days of food and water, we have 60 bottles of wine and 20+ bottles of whisky in the house; I think we are good for the long haul.  I just wish I had taken Achorboy's recommendation to sell at $30 and buy again today.

 

Marc

[petlover]

We bought at $28. per share, today it's at $19.50...ugh.  Hope they survive and don't go bankrupt. 

[mrlevin]

There might be a silver lining for Regent in this easy cancellation policy.  Looking at Voyager availability, looks like a number of people have cancelled Abu Dhabi to Athens and the following cruises that include Israel.  Regent is providing FCC for these cancellations.  If (and that is a big if) Regent decides to park Voyager for the summer and early fall (until Lisbon to Cape Town cruise), they will have to refund only to those that haven't cancelled on their own.

 

Voyager is going through pirate area right now so speeding to the Gulf; will be interesting to see what they do.  Will probably have to decide at least a week before the Abu Dhabi cruise.

 

Marc

[JMARINER]

Who owns what NCLH insiders;

 

https://finance.yahoo.com/quote/NCLH/insider-roster?p=NCLH

 

J

[Anchorbuoy]

On 3/6/2020 at 9:35 AM, mrlevin said:

Just filled at $27.00, hope I didn't overpay.

Marc

 

Just filled at $15.00, hope I didn't overpay.

[rickatie]

waiting for $3.00/sh

[mrlevin]

This is looking a lot like Renaissance.  Of more concern than $2700 I paid for stock, I have paid $36,000 and have $10,000 FCC against a 2021 cruise.  I am pretty sure my insurance covers bankruptcy by cruise line.

 

Marc

[Dolebludger]

I guess I’m not brave enough to invest in NCLH stock now, nor that of any cruise line. This is a time of unprecedented negative possibilities for these stocks. Consider this. At 76 years old I would gladly take a Regent cruise tomorrow, except for one additional factor. To get to a Regent cruise I (like most people) would have to do considerable flying, on overcrowded planes, and through several overcrowded airports.  Most people my age (and others) don’t want to expose themselves to that, even though there are no crowded situations on Regent ships. But if the travelers are going on a ship of Regent’s parent company (NCL) they will continue to be in large crowds on the cruise. So, if Regent could provide its guests with air travel to and from their cruises that was as uncrowded as it was 40 years ago, Regent alone would be a reasonable “moderate risk” investment. But Regent can’t do this.  And, as to the viability of NCL itself, I have serious doubts, as it is exactly the level of cruise that National and international health agencies are warning us all against. Even if the current health problems were to blow over tomorrow, the current matter won’t be forgotten. We realize it could happen again, and over crowded conditions of most travel (except on ships of Regent and a few other lines) contribute to this possibility.

[jeb_bud]

16 hours ago, rickatie said:

waiting for $3.00/sh

Maybe next week.🥵 

[Wendy The Wanderer]

17 hours ago, mrlevin said:

This is looking a lot like Renaissance.  Of more concern than $2700 I paid for stock, I have paid $36,000 and have $10,000 FCC against a 2021 cruise.  I am pretty sure my insurance covers bankruptcy by cruise line.

 

Marc

 

I have about $40K invested in a deposit for next year's world cruise, and it's not insured, only our penalty which is about $1K right now.  Come July it's going to take some serious good news to make me invest more.

[slidebite]

It keeps getting better, shareholders:

 

https://finance.yahoo.com/news/equity-alert-rosen-law-firm-153900196.html

 

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) resulting from allegations that Norwegian may have issued materially misleading business information to the investing public.

On March 11, 2020, the Miami New Times published an article entitled "Leaked Emails: Norwegian Pressures Sales Team to Lie About Coronavirus." The article described several leaked internal emails showing that some Norwegian managers asked sales staff to lie to customers about COVID-2019 to protect the Company’s bookings. One such email directed the sales team to tell customers that the "Coronavirus can only survive in cold temperatures, so the Caribbean is a fantastic choice for your next cruise."

On this news, Norwegian’s stock price fell sharply during intraday trading on March 11, 2020, damaging investors.

And as of now:

[howiefrommd]

Looks like 11 and change now

[Dolebludger]

Now it is showing $9 and change.

[mrlevin]

A class action lawsuit has been initiated against NCLH for those that purchased stock between 20 Feb and 11 March. Here is the notice:

 

Quote

 

Investors who purchased or otherwise acquired Norwegian securities during the Class Period may, no later than May 11, 2020, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click https://www.ktmc.com/norwegian-cruise-line-holdings-securities-class-action?utm_source=PR&utm_medium=link&utm_campaign=norwegian cruise. 

According to the complaint, Norwegian is a global cruise company which operates the Norwegian Cruise Line ( NCLH ), Oceania Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. On August 1, 2017, Norwegian updated its Code of Ethical Business Conduct, which is posted on its website. The Code of Ethical Business Conduct, available throughout the Class Period, discussed health and safety standards, stating in relevant part that its environmental, health and safety "programs are designed to ensure the preservation of the environment, and safety and security of [Norwegian]'s guests, team members and vendors."  In December of 2019, a novel coronavirus strain, COVID-19, was detected in the city of Wuhan in Hubei province, China. Since then, the virus has spread to numerous countries.  The spread of COVID-19 has had a significant impact on the cruise industry, with reports of canceled trips and half-empty ships. 

The Class Period commences on February 20, 2020, when Norwegian filed a Form 8-K with the SEC. Attached to the Form 8-K was a press release reporting on Norwegian's financial results for the quarter and full year ended December 31, 2019. In that press release, the defendants discussed positive outlooks for Norwegian in spite of the COVID-19. 

On March 11, 2020, the Miami New Times reported in an article "Leaked Emails: Norwegian Pressures Sales Team to Mislead Potential Customers About Coronavirus" that leaked emails from a Norwegian employee showed that Norwegian directed its sales staff to lie to customers regarding COVID-19. Further, the Miami New Times article revealed the financial impact the COVID-19 outbreak was causing on Norwegian and its employees.  Following this news, Norwegian's share price fell $5.47 per share, or approximately 26.7%, to close at $15.03 per share on March 11, 2020. 

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Norwegian was employing sales tactics of providing customers with unproven and/or blatantly false statements about COVID-19 to entice customers to purchase cruises, thus endangering the lives of both their customers and crew members; and (2) as a result, the defendants' statements regarding Norwegian's business and operations were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Norwegian investors who wish to discuss this securities fraud class action lawsuit and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (James Maro, Jr., Esq.or Adrienne Bell, Esq.) at (844) 877-9500 (toll free) or at info@ktmc.com.

Norwegian investors may, no later than May 11, 2020, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 877-9500 (toll free)
(610) 667-7706
info@ktmc.com

 

 

 View original content to download multimedia:http://www.prnewswire.com/news-releases/kessler-topaz-meltzer--check-llp--securities-fraud-class-action-filed-against-norwegian-cruise-line-holdings-ltd--nclh-301026512.html

SOURCE Kessler Topaz Meltzer & Check, LLP

This might explain why NCLH has been so quiet.  Since I purchased on  March I am part of the class.

 

Marc

Edited March 19, 2020 by mrlevin

[Pcardad]

The only people who will make any money are the lawyers...

[mrlevin]

2 minutes ago, Pcardad said:

The only people who will make any money are the lawyers...

 

That is true; my point wasn't that I hope to get money out of the lawsuit, my point was that NCLH has an important reason to keep quiet and not say anything that they don't have to at this time.

 

Marc

[Pcardad]

I don't think they are too worried...it would have to be proven this was corporate policy rather than the greed of a commission driven manager for there to be much meaningful impact. This news came out a few days ago and is already factored into the stock price. 

[JanR]

So right now, NCLH has a market cap of $1.755 Billion.

 

As of the last quarterly report, it had $6 Billion more in assets than liabilities.  At just over $8 a share, someone tell me why this isn't a steal...even if NCLH has to sell off all of its assets?

[Pcardad]

Exactly...bought at $10, at $9 and at $8.