NavyCruiser Posted April 2, 2020 #1 Share Posted April 2, 2020 Thinking of using our combined $2400 to buy 100 shares of RCL stock at around $22 & 100 shares of CCL stock at $8, around $3000 total. So that considered re-investing into the economy...? Link to comment Share on other sites More sharing options...
TNcruising02 Posted April 2, 2020 #2 Share Posted April 2, 2020 I've bought both within the past couple of weeks. 1 Link to comment Share on other sites More sharing options...
coevan Posted April 2, 2020 #3 Share Posted April 2, 2020 the checks might be delayed for 4-6 weeks, not shocked Link to comment Share on other sites More sharing options...
SeaScout Posted April 2, 2020 #4 Share Posted April 2, 2020 Are RCL and CCL American corporations? Not being obtuse. I really don't know. Link to comment Share on other sites More sharing options...
john91498 Posted April 2, 2020 #5 Share Posted April 2, 2020 9 minutes ago, SeaScout said: Are RCL and CCL American corporations? Not being obtuse. I really don't know. No, Carnival is in Panama and I believe Royal is in Bahamas. Link to comment Share on other sites More sharing options...
TexasBrit Posted April 2, 2020 #6 Share Posted April 2, 2020 1 hour ago, NavyCruiser said: Thinking of using our combined $2400 to buy 100 shares of RCL stock at around $22 & 100 shares of CCL stock at $8, around $3000 total. So that considered re-investing into the economy...? Buying stock just transfers the money to the individual who is selling the stock. Just like buying a used car. None of it goes back to the company. 2 Link to comment Share on other sites More sharing options...
Ihearttravel11 Posted April 2, 2020 #7 Share Posted April 2, 2020 We have thought about that also. Only purchasing 100 shares though. Most of our stimulus checks will go towards medical bills. I had major surgery at the end of February and I know those bills are going to be coming in soon. And I am on medical time off (would be an essential employee if not) until mid-May without pay. Link to comment Share on other sites More sharing options...
gkbiiii Posted April 2, 2020 #8 Share Posted April 2, 2020 Royal is a Liberian company. Link to comment Share on other sites More sharing options...
coevan Posted April 3, 2020 #9 Share Posted April 3, 2020 and all of a sudden everyone loves socialism 😇 3 1 Link to comment Share on other sites More sharing options...
coevan Posted April 3, 2020 #10 Share Posted April 3, 2020 1 hour ago, gkbiiii said: Royal is a Liberian company. Royal Caribbean is owned by RCCL since 1997 and based in Miami. Some ships are registered in Liberia as to skate U.S. taxes. You will see many U.S. yachts in Miami registered in the Cayman Islands for the same reason 1 Link to comment Share on other sites More sharing options...
Cruising_Addict Posted April 3, 2020 #11 Share Posted April 3, 2020 (edited) 3 hours ago, john91498 said: No, Carnival is in Panama and I believe Royal is in Bahamas. No, you are thinking about where their cruise ships are registered. That’s not what was asked. Carnival Corporation & plc (the organization that owns Carnival Corporation) is comprised of Carnival Corporation, which is a US company, and Carnival plc, which is a British company. It’s actually the only company in the world listed on both country’s stock exchanges. Edited April 3, 2020 by Cruising_Addict 2 Link to comment Share on other sites More sharing options...
gkbiiii Posted April 3, 2020 #12 Share Posted April 3, 2020 1 hour ago, coevan said: Royal Caribbean is owned by RCCL since 1997 and based in Miami. Some ships are registered in Liberia as to skate U.S. taxes. You will see many U.S. yachts in Miami registered in the Cayman Islands for the same reason The Corporate offices are in Miami, though they are a Liberian company, with ship registered in several countries. 1 Link to comment Share on other sites More sharing options...
Rare Essiesmom Posted April 3, 2020 #13 Share Posted April 3, 2020 1 hour ago, coevan said: Royal Caribbean is owned by RCCL since 1997 and based in Miami. Some ships are registered in Liberia as to skate U.S. taxes. You will see many U.S. yachts in Miami registered in the Cayman Islands for the same reason You are mistaken in why the ships are not registered in the US. Has nothing to do with taxes. They are not built in US shipyards, therefore they cannot be registered in the US. There are no shipyards in the US building large cruise ships. Very small ones, yes. EM Link to comment Share on other sites More sharing options...
jperry2011 Posted April 3, 2020 #14 Share Posted April 3, 2020 1 hour ago, coevan said: and all of a sudden everyone loves socialism 😇 Nobody with a brain loves socialism. People just need money since they aren't allowed to work. 4 1 Link to comment Share on other sites More sharing options...
travelhound Posted April 3, 2020 #15 Share Posted April 3, 2020 I don't think Carnival is going to need a bailout. They just raised 6.25 Billion from bond and equity sales yesterday. That said, at $8 a share, Carnival stock is very over sold. Their book value is at least at $30 a share, so this does look like a very good investment for a longterm investor. 2 Link to comment Share on other sites More sharing options...
xDisconnections Posted April 3, 2020 #16 Share Posted April 3, 2020 (edited) 5 hours ago, john91498 said: No, Carnival is in Panama and I believe Royal is in Bahamas. Royal Caribbean Cruises Ltd. is incorporated in Liberia. 1 hour ago, Cruising_Addict said: No, you are thinking about where their cruise ships are registered. That’s not what was asked. Carnival Corporation & plc (the organization that owns Carnival Corporation) is comprised of Carnival Corporation, which is a US company, and Carnival plc, which is a British company. It’s actually the only company in the world listed on both country’s stock exchanges. Carnival Corporation is incorporated in Panama and headquartered in Miami. They are not an American company. 1 hour ago, coevan said: Royal Caribbean is owned by RCCL since 1997 and based in Miami. Some ships are registered in Liberia as to skate U.S. taxes. You will see many U.S. yachts in Miami registered in the Cayman Islands for the same reason Royal Caribbean International’s ships are registered in the Bahamas. They do not register their ships in Liberia. Edited April 3, 2020 by xDisconnections Link to comment Share on other sites More sharing options...
amatuercruiser Posted April 3, 2020 #17 Share Posted April 3, 2020 11 hours ago, NavyCruiser said: Thinking of using our combined $2400 to buy 100 shares of RCL stock at around $22 & 100 shares of CCL stock at $8, around $3000 total. So that considered re-investing into the economy...? Do you think the CCL, RCL share price has Bottomed? I think the approx 80% price drop in Carnival and RCL share price, prices-in a lot of future pain..but, it does not necessarily mean you are buying at the best time! I think Carnivals Bond refinancing is good and timely but. Right now Carnival's last Cruises are having enormous trouble disembarking crew. (Sydney Australia issues etc.) The world-wide lock-down has 6 weeks minimum to go. After lockdown ends ships will have to get approval from Health authorities that they are safe! Possibly another 6 weeks delay. So what will happen to the share price in the next 12 weeks? Will any one have any paid holiday leave, to go on a holiday let alone a cruise ship. Will any one have any disposable income left after 6 to 12 Week of lock-down. If you buy now and the cruise line goes into bankruptcy you have kissed your money goodbye. Carnival is no longer a $50 stock but it might in the future be a $20-$30 Stock. I am going to wait out a few weeks and bump out the bottom, passed bankruptcy and then look at cruise lines or Berkshire (I figure BRK can't go Bankrupt). Link to comment Share on other sites More sharing options...
jperry2011 Posted April 3, 2020 #18 Share Posted April 3, 2020 14 hours ago, coevan said: the checks might be delayed for 4-6 weeks, not shocked Actually yesterday they said the "checks" which are direct deposited should be showing up in 2 weeks Link to comment Share on other sites More sharing options...
MCC retired Posted April 3, 2020 #19 Share Posted April 3, 2020 3 hours ago, jperry2011 said: Actually yesterday they said the "checks" which are direct deposited should be showing up in 2 weeks Last week they said it would be 3 weeks for Direct Deposit . This week they now say that they improved on it to 2 weeks . I predict that next week they will improve on it once again and make it 1 week . Link to comment Share on other sites More sharing options...
naxer Posted April 3, 2020 #20 Share Posted April 3, 2020 17 hours ago, SeaScout said: Are RCL and CCL American corporations? Not being obtuse. I really don't know. Here we go...it will depend on how you define your terms. They are different things for different purposes. I think, "multinational" might be a good, but unsatisfactory, answer. Link to comment Share on other sites More sharing options...
jperry2011 Posted April 3, 2020 #21 Share Posted April 3, 2020 1 hour ago, MCC retired said: Last week they said it would be 3 weeks for Direct Deposit . This week they now say that they improved on it to 2 weeks . I predict that next week they will improve on it once again and make it 1 week . April 17th Link to comment Share on other sites More sharing options...
mpdog42 Posted April 3, 2020 #22 Share Posted April 3, 2020 20 hours ago, john91498 said: No, Carnival is in Panama and I believe Royal is in Bahamas. Buy American to help the Economy!! Link to comment Share on other sites More sharing options...
gatour Posted April 3, 2020 #23 Share Posted April 3, 2020 22 hours ago, NavyCruiser said: Thinking of using our combined $2400 to buy 100 shares of RCL stock at around $22 & 100 shares of CCL stock at $8, around $3000 total. So that considered re-investing into the economy...? No. The intent is for people to buy hard goods or services. For example we are using our money plus some savings to have the exterior of the house repainted. The painting company owner gets money, the actual painters are paid, the store that the painting company buys its paint from gets money, their employees get paid. They then can go out buy grocery/dinners etc. It is called a multiplier. If you buy stock, you are buying from an individual or trading company who will use the funds to buy other stock, which doesn't provide the intended stimulus. 2 Link to comment Share on other sites More sharing options...
ray98 Posted April 3, 2020 #24 Share Posted April 3, 2020 17 hours ago, Essiesmom said: You are mistaken in why the ships are not registered in the US. Has nothing to do with taxes. They are not built in US shipyards, therefore they cannot be registered in the US. There are no shipyards in the US building large cruise ships. Very small ones, yes. EM Incorrect. They can certainly be registered in the US. That is independent from being Jones Act or PVSA compliant. 1 Link to comment Share on other sites More sharing options...
Rare ibarrio Posted April 3, 2020 #25 Share Posted April 3, 2020 Bought 101 shares today at $8.14. I can wait it out Link to comment Share on other sites More sharing options...
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