mrobstad Posted February 6, 2016 #1 Share Posted February 6, 2016 cruise stocks are tanking in the last three weeks. does anyone know why? Link to comment Share on other sites More sharing options...
paul929207 Posted February 6, 2016 #2 Share Posted February 6, 2016 I believe RCI had some poor comments at the last quarterly conference call. Dragged everyone with them Link to comment Share on other sites More sharing options...
KirkNC Posted February 6, 2016 #3 Share Posted February 6, 2016 Cause there were more sellers than buyers. Link to comment Share on other sites More sharing options...
GottaKnowWhen Posted February 6, 2016 #4 Share Posted February 6, 2016 Because the RCI results reminded people that the P/E on these stocks is ok for GROWTH companies, but continual growth is not assured. Good long term, not good speculative stocks. So the speculators start to back off... Link to comment Share on other sites More sharing options...
spookyfudge Posted February 6, 2016 #5 Share Posted February 6, 2016 Well for CCL, its the Zeka virus, has people running scared. Also we got a pending $10/barrel tax comming on the oil, and then the slumping chinese economy and most of the new ships being built is for that market. It is a perfect storm. If not for the CCL cruise discount, I would be out of this dog! Link to comment Share on other sites More sharing options...
Rare Keith1010 Posted February 6, 2016 #6 Share Posted February 6, 2016 Global Market concerns. Now the world health issue. And the market has been down. And the market is never very logical. Keith Link to comment Share on other sites More sharing options...
paul929207 Posted February 6, 2016 #7 Share Posted February 6, 2016 You have to consider why you are holding this stock. Many people here are holding it for the OBC when they travel. We get $500 to $1250 per year in the OBC. Add on the dividend, and we do quite well with it. We paid about $26 for it in 2009, so even at $40 it has been great for us. Link to comment Share on other sites More sharing options...
Krazy Kruizers Posted February 6, 2016 #8 Share Posted February 6, 2016 The cost of oil is affecting the market. Stocks around the world are bad. We have been through this before and will get through it again. Hang in there. If you have extra resources, now is the time to buy some stocks. Link to comment Share on other sites More sharing options...
mrobstad Posted February 6, 2016 Author #9 Share Posted February 6, 2016 i think the bad news from RCCL pulled down all cruise stocks.....wouldnt it be great if we knew where the bottom is? Link to comment Share on other sites More sharing options...
CruiserBruce Posted February 6, 2016 #10 Share Posted February 6, 2016 Well for CCL, its the Zeka virus, has people running scared. Also we got a pending $10/barrel tax comming on the oil, and then the slumping chinese economy and most of the new ships being built is for that market. It is a perfect storm. If not for the CCL cruise discount, I would be out of this dog! The oil tax is a proposal, it is not "coming". No sign it will pass. Link to comment Share on other sites More sharing options...
wwcruisers Posted February 6, 2016 #11 Share Posted February 6, 2016 While the Zika scare, and plunging oil prices are having an immediate impact, my thoughts are that the global economy is having a negative long-range effect on the cruise line stock prices. RCCL has invested very heavily in the Asian cruise market -- which is being impacted by the shaky Chinese stock market. And, in North America, lots of Canadians are re-thinking future cruise plans, until their dollar makes a come-back. Bottom line: cruise stocks fall purely within the realm of "travel & leisure". As such, they tend to tank first, and recover last, in a "bear" economy. Just my observations, over the years. Link to comment Share on other sites More sharing options...
LuckyZ Posted February 6, 2016 #12 Share Posted February 6, 2016 Global Market concerns. Now the world health issue. And the market has been down. And the market is never very logical. Keith Bernie Sanders had it right when he said the stock market is rigged. No one really has any idea why things have been rising and falling so abruptly. If the super rich would stop manipulating the market for their own selfish gain, normal people would have more confidence Link to comment Share on other sites More sharing options...
mrobstad Posted February 6, 2016 Author #13 Share Posted February 6, 2016 but the cruise stocks have been battered worse than others in the ladt three weeks! Link to comment Share on other sites More sharing options...
MCC retired Posted February 6, 2016 #14 Share Posted February 6, 2016 but the cruise stocks have been battered worse than others in the ladt three weeks! If your 401K or IRA is tied to this uncertain stock market activity , are worried about this latest virus , or overseas terrorists you may be putting off cruise travel plans until hopefully things change . Link to comment Share on other sites More sharing options...
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