mauraoel Posted May 1, 2019 #1876 Share Posted May 1, 2019 (edited) 1 hour ago, Pratique said: The $0.25 estimate from Royal Caribbean is significantly more than the analysis were forecasting a month ago. I don't think USB forecast considered all the damage that was hidden by the crane. Edited May 1, 2019 by mauraoel 1 Link to comment Share on other sites More sharing options...
Rare orville99 Posted May 1, 2019 #1877 Share Posted May 1, 2019 1 hour ago, Pratique said: The $0.25 estimate from Royal Caribbean is significantly more than the analysis were forecasting a month ago. IMO, pure gamesmanship on RCL's part. Overestimate the loss on the next quarter's earnings, with a damage and revenue loss assessment that indicates a less significant loss, and you beat your forecast in the next quarter. Link to comment Share on other sites More sharing options...
Pratique Posted May 1, 2019 #1878 Share Posted May 1, 2019 6 minutes ago, orville99 said: IMO, pure gamesmanship on RCL's part. Overestimate the loss on the next quarter's earnings, with a damage and revenue loss assessment that indicates a less significant loss, and you beat your forecast in the next quarter. If you double the UBS estimate from two weeks of downtime to four weeks, the company's estimate is in the "worst case" ballpark. Link to comment Share on other sites More sharing options...
Rare orville99 Posted May 1, 2019 #1879 Share Posted May 1, 2019 38 minutes ago, Pratique said: If you double the UBS estimate from two weeks of downtime to four weeks, the company's estimate is in the "worst case" ballpark. When given the opportunity, public companies will always err in a "worst case" direction. One of the fundamental flaws in the quarterly reporting mentality. Link to comment Share on other sites More sharing options...
Pratique Posted May 1, 2019 #1880 Share Posted May 1, 2019 2 minutes ago, orville99 said: When given the opportunity, public companies will always err in a "worst case" direction. One of the fundamental flaws in the quarterly reporting mentality. I'm curious why you think this is a fundamental flaw. If investors know about this practice (and I presume they do, it's no secret), then won't they account for it in their risk assessment? The analysts at UBS erred toward worst case too (for two weeks), and made a point of it in their report, so investors should be aware of it and able to make an informed decision. Link to comment Share on other sites More sharing options...
Rare orville99 Posted May 1, 2019 #1881 Share Posted May 1, 2019 29 minutes ago, Pratique said: I'm curious why you think this is a fundamental flaw. If investors know about this practice (and I presume they do, it's no secret), then won't they account for it in their risk assessment? The analysts at UBS erred toward worst case too (for two weeks), and made a point of it in their report, so investors should be aware of it and able to make an informed decision. Quarterly reporting breeds a short-term mentality in the corporate suite. IMO, companies that focus too much on short term tactical results often lose sight of long term strategic impacts of their decisions. The fundamental flaw is that tactics should never trump strategy, and being a slave to a market that is by definition fed by short term results will ultimately lead to long term under performance and sub optimization of stakeholder value. Link to comment Share on other sites More sharing options...
Pratique Posted May 1, 2019 #1882 Share Posted May 1, 2019 9 minutes ago, orville99 said: Quarterly reporting breeds a short-term mentality in the corporate suite. IMO, companies that focus too much on short term tactical results often lose sight of long term strategic impacts of their decisions. The fundamental flaw is that tactics should never trump strategy, and being a slave to a market that is by definition fed by short term results will ultimately lead to long term under performance and sub optimization of stakeholder value. I see what you’re saying now. In this case, it’s a one time effect caused by an unusual situation that is probably immaterial on the long term performance, so I didn’t see where you were coming from. Link to comment Share on other sites More sharing options...
above sea level cruiser Posted May 1, 2019 #1883 Share Posted May 1, 2019 8 hours ago, fsjosh said: Kinda surprised that they are still working on the screws. Me too. Any idea when this picture was taken? Link to comment Share on other sites More sharing options...
grapau27 Posted May 1, 2019 #1884 Share Posted May 1, 2019 5 hours ago, orville99 said: When given the opportunity, public companies will always err in a "worst case" direction. One of the fundamental flaws in the quarterly reporting mentality. Just read this Link to comment Share on other sites More sharing options...
fsjosh Posted May 1, 2019 #1885 Share Posted May 1, 2019 1 hour ago, above sea level cruiser said: Me too. Any idea when this picture was taken? There were multiple crew photos posted today from inside the dry dock, so I see no reason to think they weren't all taken today. Link to comment Share on other sites More sharing options...
scottish67 Posted May 1, 2019 #1886 Share Posted May 1, 2019 10 minutes ago, fsjosh said: There were multiple crew photos posted today from inside the dry dock, so I see no reason to think they weren't all taken today. Probably good to add that those same crew have also been sharing that this is their last night in Cádiz, meaning that they’ll probably leave the dry dock tomorrow. This would be in alignment with the last “official”/not speculative (😱) statement from RC. 1 Link to comment Share on other sites More sharing options...
grapau27 Posted May 2, 2019 #1887 Share Posted May 2, 2019 10 hours ago, grapau27 said: Just read this It was reported on 1-5-19 Link to comment Share on other sites More sharing options...
scottish67 Posted May 2, 2019 #1888 Share Posted May 2, 2019 This was posted this morning about 4hrs ago. Looks like Oasis will be leaving the dry dock very soon. 2 Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1889 Share Posted May 2, 2019 2 Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1890 Share Posted May 2, 2019 2 minutes ago, scottish67 said: This was posted this morning about 4hrs ago. Looks like Oasis will be leaving the dry dock very soon. Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1891 Share Posted May 2, 2019 According to the port movement bulletin, she is not leaving today. https://www.puertocadiz.com/opencms/PuertoCadiz/es/galerias/descargas/puerto/boletines/mov_buques.pdf Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1892 Share Posted May 2, 2019 The tugs are lining up. 1 Link to comment Share on other sites More sharing options...
arasg Posted May 2, 2019 #1893 Share Posted May 2, 2019 Looks like all the Azipods had work done... 1 Link to comment Share on other sites More sharing options...
BrooklynMarc2018 Posted May 2, 2019 #1894 Share Posted May 2, 2019 We’re done with this s***. Back to cruising, gurls. 💅🏻 1 Link to comment Share on other sites More sharing options...
FLACRUISER99 Posted May 2, 2019 #1895 Share Posted May 2, 2019 Any news of the damaged floating drydock in Freeport? Repair time? 1 Link to comment Share on other sites More sharing options...
BrooklynMarc2018 Posted May 2, 2019 #1896 Share Posted May 2, 2019 That’s all you got? We’re stronger than one crane. 1 Link to comment Share on other sites More sharing options...
biffco Posted May 2, 2019 #1897 Share Posted May 2, 2019 She is out of the drydock... 6 Link to comment Share on other sites More sharing options...
john_galt Posted May 2, 2019 #1898 Share Posted May 2, 2019 Good to see her on the move! Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1899 Share Posted May 2, 2019 Link to comment Share on other sites More sharing options...
Pratique Posted May 2, 2019 #1900 Share Posted May 2, 2019 Whatcha know Joe, she's as good as new. 1 Link to comment Share on other sites More sharing options...
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