The7raveler

Thanks guys, I appreciate the responses! I've been watching them collateralize their ships and it's a cause for concern, definitely! I haven't booked anything yet, my investments are down so I'm waiting to make a positive return and use some of that to book.

How does one make out well, once they declare bankruptcy? I thought it was a certainty to lose your money.

I'm in Toronto, Canada. Whatever is going on isn't visible in society. The malls were more packed on Boxing Day than I've seen them in over 10 years of living next door to one. Every seat, every restaurant, every bathroom, just hordes and hordes of people. So if there is an uptick, it doesn't seem to matter to anyone. No masks anywhere, no one gives a damn. I think there's enough herd immunity that at this point it's just a cold, at least in the big population centres.

Thank you guys, I really appreciate the detailed responses you've given me. A lot of food for thought! 🙂 Cheers.

I am down %50 on 6 figure Carnival investment and my thesis is that 2023 will be a record year, even higher than 2019. The obvious reasons to not own cruise stocks is that they have diluted us shareholders a lot and taken on massive debts that would take over a decade of optimal conditions to pay back. Besides the fact that they're domiciled on little island off-shore (for tax purposes) I believe that the reason the big three haven't filed for bankruptcy is that many of their customers are shareholders, because of on board credits. They would all go to $0.00 during Chapter 11, even though the cruise line would survive. Am I wrong? How many of you guys own cruise shares? How long do you hold them for, on average? Thank you guys! (I'm new here. Looking to book my first cruise this fall.)