Cruise stocks... Yes or no?
I missed the boat on these stocks early in 2020 but they are still trading lower than they used to. Cruising will rebound in late 2021 or early 2022 so is now the time to climb aboard?
I missed the boat on these stocks early in 2020 but they are still trading lower than they used to. Cruising will rebound in late 2021 or early 2022 so is now the time to climb aboard?
Steve
Favorite Answer
No. I caution you not to invest in anything simply because its wounded. There are thousands of other stocks out there to choose from. Many are healthy and thriving. These wounded ducks are millions to billions in debt, so just because they may be profitable again one day, they still have that hanging over their head.
Anonymous
There are plenty of other virus affected businesses that have managed to hemorrhage less money. Even two aviation related businesses I have been looking at have been able to break even through the pandemic.
Anonymous
I seriously doubt they will be rebounding in late 2021. I'm betting very few people will go on a cruise even if social distancing becomes more relaxed. People will spend more conservatively.
Then again, I hear carnival put a brand new buffet. All you can eat of your own schit.
Anonymous
How do you value them?