Life Buoy

14 minutes ago, C-Dragons said:

 

I really feel for those who are most affected, but in every tragedy there is opportunity. The stock market will recover and some will look back and be thankful they they seized opportunities to improve their portfolio Some cruisers might be able to take advantage of special offers that might come and be able to experience lines that they thought were out of their reach. We will be better prepared for the next health crisis that will most certainly arrive. New technology might be created and new business opportunities will be developed. Be safe and think with your head and not your heart.

1 minute ago, Fouremco said:

Huh? You are saying that Celebrity will continue because it doesn't make sense? I'm guessing that you meant to say: "Celebrity will most likely not continue to renovate."

No, I meant what I said. 

It would make no sense for Celebrity to take ships out of service when every cruise generates revenue. All cruse lines will need all the revenue they can generate. Because it makes no sense to continue renovations, Celebrity will most likely continue to renovate.

"Unless" it remains in their pocket, not "if it remains in their pocket". Didn't catch the typo in time.

Celebrity makes no money on YOUR money if it remains in their pocket. I've been highly critical of their Crisis Management team. They have violated the first rule to get ahead of the story. By not communicating with those who would be impacted they are constantly behind the curve. People understand that there is a problem and Celebrity is a victim not the cause, What they don't understand is why Celebrity has failed to reach out to them.  

2 minutes ago, Life Buoy said:

 

Michael Jackson lived "a long and happy life"? Quite the opposite.

8 minutes ago, zap99 said:

Risk is a facet of life. Every endeavour has an element of risk. Micheal Jackson wore a mask all the time and lived a long and happy life!!!. At some point the world will need to come out of hibernation. Not right now, but a some stage. Costa Concordia ???. Manageable risk is life.

Once they cancel a cruise it becomes very difficult to rebook it. I think that all the lines want to keep their options available and not use all the tools in their toolbox.

6 minutes ago, oceancrusin said:

Thanks for the info verizon.

 

I was looking for info in general on purchasing stocks. I realize the stock will go lower, but also just wanted to know how to best go about this if/when I do decide to purchase.

 

 

Appreciate the info Jim_lain. As I'm from Canada, I don't know that we have access to Charles Schwab. We actually have access to a lot fewer things than our southern neighbours. 🙁.

Many brokers have online capabilities and charge no commission. Do a search to find out what's available to you. Invest "with your head not your heart".I've substituted "invest" for "bet", but at these times in particular the two terms are interchangeable.

Lack of communication is a common complaint. Perhaps they should have had more social media savvy people to monitor threads on Cruise Critic and other social media and respond to inquiries.Their approach may have cost them "goodwill" that will slow their recovery. Not too late to reach out to passengers on social media.

Their chickens will come home to roost.

I worked in crisis management and that a corporation needs to have a plan in place long before they need it. Once the decision is made they should be able to implement the plan. They know what cruises will be cancelled once they have defined the time frame and should have discussed things like compensation in advance. As Orator said: Incomplete information leads to confusion.

Big Brother is alive and well, unless they carry coronavirus.

I really wonder if RCL and Celebrity really have a crisis management plan? There plan should have been developed a long time ago and implemented as soon as the current crisis was apparent. They should have been ahead of the story and not let the story become guesses and rumors. A really effective plan might provide a cushion for the stock price. Now there is uncertainty about itineraries, compensation and future plans. I feel that the note from your doctor will hurt bookings, since some will simply choose to cancel rather than see a doctor, if they have one. Or, really people who could jeopardize others will simple forge a signature. Higher cruise prices will simply drive potential passengers away. All this will negatively impact the stock price as price really reflects future confidence. I would urge the management to level with the public about their plans and keep those booked in the loop. 

A final thought: Respond on Cruise Critic. You could clarify mistatments, answer questions, or simply inform.

They need to recover at least some of their losses.

They must be really stressed. I appreciate your efforts!

28.94 and halted due to volatility.

6 minutes ago, Team Stag said:

Do you have a source for this?  Or just adding to the panic?

Just do a search for Coronavirus on Summit and you'll see the story. The source for Millennium was a crew member currently  on the ship. You could use several sites to verify the location of the ship.

A thread has been started giving the source of the Summit story.

2 minutes ago, gizmodog said:

Going on Sunday hoping for a great cruise, I really cannot take all of this panic and the market and crazy people buying all the sanitizer stuff and 🧻. 
I pray to be ok and I will do my very best to be vigilant.

I wish that you have a wonderful and healthy cruise. Enjoy!

Reality trumps optimism. Can anyone provide evidence why we should be optimistic? Oh, I can think of one: I'll save money if my DW can't spend money on cruises.

There was a just reported case that originated on Summit. The Millennium sailed with crew only and yesterday was in Ensenada, Mexico.I don't find much to be optimistic about. Even Pollyanna might be a pessimist. 

2 minutes ago, Fly and Sail said:

Buy at 5 bucks a share. Then claim shareholders discount.

I bet that discounts, shareholder credit and dividends will end or reduced at any minute. Then you'll be able to get RCL @ $5.00 or less. They may also need to suspend spending plans and still some ships at a discounted price. 

I've been following the pricing of some cruises and have discovered that despite cancellations the  prices have gone up. My suspicion is that prices are rising because Celebrity anticipates giving lots of Future Cruise Credits and they want us to spend them at the highest rates possible. That's one way to cushion the financial impact.

24 minutes ago, XuGator said:

Absolutely a buy at 33.

 

"Be greedy when others are fearful and be fearful when others are greedy"

 

 

I guess you got it since it's fell below 33.

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.