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Wolf 8

Members
  • Content Count

    70
  • Joined

About Wolf 8

  • Rank
    Cool Cruiser

About Me

  • Location
    Flyover country
  • Interests
    Fitness, wealth & self-guided wilderness travel.
  • Favorite Cruise Line(s)
    None yet but we're hoping Celebrity dazzles us in December 2019
  • Favorite Cruise Destination Or Port of Call
    A beach with uncrowded white sand & warm, blue water

Recent Profile Visitors

102 profile views
  1. Hi, the CDC website will give you clarity as to what personal steps to take for protecting yourself and especially the vulnerable. Due to vastly differing conditions from state to state, your governor and their officials are your source for local guidance.
  2. Tomorrow, before U.S. markets open "The Lancet" is due to publish full Phase 1 trial results of AstraZeneca's vaccine. As many of you probably know, its Phase 3 trial is already underway. I hope this bit of information proves useful.
  3. I don't envy corporate executives who have stock options as part of their compensation package any more than Apple or Walmart employees who do and retire as millionaires.
  4. And that is why, on the 8th day, God created trailing stops.
  5. I hope you and your dad stay OK and that Canada continues uniformly enforcing social-distancing rules. You may have heard that down here some U.S. cities have held certain large, unprotected gatherings. My family has been holed-up now for nearly 4 months following all the CDC guidelines and after recent events we're resigned to suffering until there is a vaccine.
  6. I completely agree that the risks facing RCL and it's stock are enormous. This morning after it popped I put in a stop limit sell order at $57 so at least now I'll come out a little ahead if it tanks again. If it gets down to the $30's and isn't teetering on bankruptcy I'll be right there with you ready to buy back in.
  7. Bought 100 shares today on a $54.50 per share limit order that transacted at the closing bell. Short term I may enjoy a dead cat bounce and see some pocket change. Long term I win if big pharma announces that clinical trials show a viable vaccine is on the way that can be plunged into the eager arms of Celebrity cruisers within 8 to 12 months. My wife and I enjoyed out time on the Silhouette last December and that may have clouded my judgement in buying these few shares of RCL stock. Maybe it was just the hope that soon we'll all be able to resume cruising and the other good thi
  8. I agree, NO sane nation would accept U.S. cruise ship passengers now. They've watched New York "protect" their nursing home patients.
  9. Here's my take on what will be different when pleasure cruising resumes. When it exists, my wife and I will both have had the vaccine that confers us immunity and we'll board with the required proof. Then we'll eat, drink and be merry just like before without restriction. Others may decide to step onto a ship with thousands of other people who may have or acquire (during visits to ports of call, etc.) a deadly virus. We will not.
  10. Actually, those covenants specify the point when the borrower's deterioration triggers bankruptcy. Those same lending terms also prioritize the lenders for being made whole during bankruptcy proceedings. You are correct in the sense that lenders always hope to enjoy being fully repaid with the agreed upon interest. But loans to desperate companies like RCL include protections to assure, one way or another that the lender's will recover their investment.
  11. If anyone is interested, financial resources such as Seeking Alpha have recently made dispassionate evaluations of RCL stock. The hard numbers show that today the assets of RCL are worth far, far less than it's liabilities. More ominously, RCL's recent, high-cost loans surely have covenants that can force bankruptcy (if they don't, you must think those cold-blooded lenders have suddenly become Little Bo Peep's). I more than doubled my money several weeks ago buying then selling RCL when there was the potential for a bailout in the air. That does not exist today. I ma
  12. Most everybody has heard the story of the website with a big red button and a warning that says, "Pressing this button will infect your computer with a virus". It was actually just a stupidity test and thousands of people pressed that button. Tonight while the deadly Corona-19 virus rages cruise operators have websites that coax you to, "Press this button" and sail away in carefree bliss". I see only a distinction without a difference between the two.
  13. Every generation has it's moments of artistic grace, I guess.
  14. Missing the joys of cruising reminds me of Joni Mitchell's classic, "Big Yellow Taxi" where she say's, "You don't know what you've got 'till it's gone". I'll raise my glass in a toast to cruises lost and the hope that we, Celebrity and it's crew members all live to sail worry free once again.
  15. I also hope RCL does not go bankrupt but the investor in me can't ignore their situation. RCL has now put ships up as collateral for massive transfusions of cash just to survive. Those loans include "covenants" designed to protect (and potentially enrich) the lender. Typically they state that when the borrower's financial condition deteriorates to a specified point the borrower is compelled to file for bankruptcy.
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