PelicanLvr Posted March 11, 2020 #1 Share Posted March 11, 2020 The stock of Royal Caribbean International (parent company of Celebrity) is down about 65% from it's recent high of 135, and is now under 45. That's a loss of about 65%. Obviously, times are very hard for the cruise industry now, and not much relief in sight. But,... Would you buy here? Tempting. Link to comment Share on other sites More sharing options...
HS2BS Posted March 11, 2020 #2 Share Posted March 11, 2020 I have a buy in @24 1/2 not done with its slide! Hal 1 Link to comment Share on other sites More sharing options...
Rare Georgia_Peaches Posted March 11, 2020 #3 Share Posted March 11, 2020 Agree. It has not yet hit the bottom. 1 Link to comment Share on other sites More sharing options...
az_tchr Posted March 11, 2020 #4 Share Posted March 11, 2020 Catch a falling knife? No thank you. Think about the worst case scenario. What is it worth then? $20-25 - maybe. With zero dividend because of loan covenants on EBITDA debt coverage. Link to comment Share on other sites More sharing options...
jalves Posted March 11, 2020 #5 Share Posted March 11, 2020 47 minutes ago, PelicanLvr said: Would you buy here? I did Link to comment Share on other sites More sharing options...
Orator Posted March 11, 2020 #6 Share Posted March 11, 2020 Not yet! Avoid falling into a dividend trap. Link to comment Share on other sites More sharing options...
Rare Jim_Iain Posted March 11, 2020 #7 Share Posted March 11, 2020 I think the stock is nearing a bottom but am not buying yet until it tests it bottoms a couple times. I think there is more downside risk at the moment. A couple events could crater the cruise stocks further - e.g. passing the requirement posted today that all guests over 70 will require a doctors note, Vancouver shutting down to cruise ships (proposed earlier this week), further European Ports being close. Just my idea. 1 Link to comment Share on other sites More sharing options...
George C Posted March 11, 2020 #8 Share Posted March 11, 2020 I will think about it if it gets under 30, there are some bargains out there, but doubt market has hit bottom yet, glad most of our money is safe. Link to comment Share on other sites More sharing options...
sandc4e Posted March 11, 2020 #9 Share Posted March 11, 2020 If you buy in, be in for the long haul could take a couple years to come back. 1 Link to comment Share on other sites More sharing options...
Oville Posted March 12, 2020 #10 Share Posted March 12, 2020 3 hours ago, Jim_Iain said: I think the stock is nearing a bottom but am not buying yet until it tests it bottoms a couple times. I think there is more downside risk at the moment. A couple events could crater the cruise stocks further - e.g. passing the requirement posted today that all guests over 70 will require a doctors note, Vancouver shutting down to cruise ships (proposed earlier this week), further European Ports being close. Just my idea. And now no travel between Europe and US except the UK. Link to comment Share on other sites More sharing options...
Lilactime Posted March 12, 2020 #11 Share Posted March 12, 2020 Not yet. Way too much uncertainty. Link to comment Share on other sites More sharing options...
Rare cruisetonowhere10 Posted March 12, 2020 #12 Share Posted March 12, 2020 (edited) Not buying anything yet but watching with curiousity. Edited March 12, 2020 by cruisetonowhere10 Link to comment Share on other sites More sharing options...
Rare NutsAboutGolf Posted March 12, 2020 #13 Share Posted March 12, 2020 6 hours ago, PelicanLvr said: The stock of Royal Caribbean International (parent company of Celebrity) is down about 65% from it's recent high of 135, and is now under 45. That's a loss of about 65%. Obviously, times are very hard for the cruise industry now, and not much relief in sight. But,... Would you buy here? Tempting. You should probably research investment forums, not a cruise forum when it comes to your money. 😄 1 Link to comment Share on other sites More sharing options...
tallyho8 Posted March 12, 2020 #14 Share Posted March 12, 2020 I would not buy RCCL stock now. It has the possibility of falling much further now. I am considering buying CCL or NCLH because it is almost impossible for them to fall much further before they start coming up. Link to comment Share on other sites More sharing options...
Im A Happy Cruiser Posted March 12, 2020 #15 Share Posted March 12, 2020 What are the perks (rewards) for owning RCI stock if you sail Celebrity exclusively as I do? Do you get a certain % off cruise fare? Do you need to own a certain amount of stock for it to be beneficial? I'm not much of an investor but would seriously consider buying this stock when it gets a little lower if I understood the benefits of such an investment. Any comments regarding this would be appreciated. Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 12, 2020 #16 Share Posted March 12, 2020 7 hours ago, tallyho8 said: I would not buy RCCL stock now. It has the possibility of falling much further now. I am considering buying CCL or NCLH because it is almost impossible for them to fall much further before they start coming up. I would maybe avoid NCL, they are staring down the barrel of bankruptcy right now and that’s why it’s dropped so much the last day or so. 25 percent drop yesterday. Of the three lines I think CCL is the most liquid and the safest. RCL is starting to get a little risky but I don’t think it’s as bad off as NCL. 1 Link to comment Share on other sites More sharing options...
Stateroom_Sailor Posted March 12, 2020 #17 Share Posted March 12, 2020 37 minutes ago, rimmit said: I would maybe avoid NCL, they are staring down the barrel of bankruptcy right now and that’s why it’s dropped so much the last day or so. 25 percent drop yesterday. Of the three lines I think CCL is the most liquid and the safest. RCL is starting to get a little risky but I don’t think it’s as bad off as NCL. 100% agree. We sold our CCL stock at $44 a few weeks ago after Diamond Princess, currently at $18.50. I will definitely scoop my 100 shares back and then some before the end, RCL too if they hang in there. Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 12, 2020 #18 Share Posted March 12, 2020 (edited) Sold off everything 2/24. Been dabling in day trading since. Up about 10 percent with all the swings. Probably gonna ride the short as low as I think it goes at this point and get out and buy a couple 100 shares of each, except NCL. May just do 100 NCL or maybe more based on how awful not awful they loo at that time. Figure at the rate they are going they may get delisted. If that happens will probably buy the minimum to at least get the OBC as the OBC benefit will likely pay for itself after 1 cruise (if we even get to that one cruise before they go bankrupt). Edited March 12, 2020 by rimmit Link to comment Share on other sites More sharing options...
sandc4e Posted March 12, 2020 #19 Share Posted March 12, 2020 Pre-Market opening down to $33 WOW! Link to comment Share on other sites More sharing options...
PelicanLvr Posted March 12, 2020 Author #20 Share Posted March 12, 2020 3 minutes ago, sandc4e said: Pre-Market opening down to $33 WOW! Wow Indeed! Link to comment Share on other sites More sharing options...
sanger727 Posted March 12, 2020 #21 Share Posted March 12, 2020 eh, not yet. The cases are just starting to kick off in the US. Viking has shut down operations all together until May. The president is just starting with travel bans and increased cruise ship rules (apparently it may soon be that anyone over 70 needs a doctors note to travel). I don't think we have any idea of where the bottom is yet. Link to comment Share on other sites More sharing options...
sandc4e Posted March 12, 2020 #22 Share Posted March 12, 2020 Princess has also shut down cruises for 60 days. Link to comment Share on other sites More sharing options...
Rare vickykay Posted March 12, 2020 #23 Share Posted March 12, 2020 Waiting also. Several years back it was down to around $5. Kicked ourselves for not buying a few hundred shares! Link to comment Share on other sites More sharing options...
Life Buoy Posted March 12, 2020 #24 Share Posted March 12, 2020 Wouldn't touch a cruise line at this point! This is a serious threat and I just don't believe that some of the lines will survive as we currently know them. There may be some mergers and new build and renovation plans will be put on hold. Issuing Future Cruise Credit will not create new passengers, but simply transfer existing passengers to other cruises. They will gain only if some would allow their FCC to expire unused. We can only see the tip of the iceberg and I'm not willing to place a bet at this time. Link to comment Share on other sites More sharing options...
XuGator Posted March 12, 2020 #25 Share Posted March 12, 2020 Absolutely a buy at 33. "Be greedy when others are fearful and be fearful when others are greedy" Link to comment Share on other sites More sharing options...
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