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Will Viking Go The Way of Carnival and Offer a Junk Bond?


_alan_
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8 hours ago, flashfearless said:

 

Not sure I have the faith in Viking to risk it.  Although perhaps on a VO ship might be the safest place to be right now unless you're on the space station


Fair comment!  As for Viking being the safest place, I don’t think they’re any safer than any other ship given the lack of passengers.   Add to the fact they’re no more immune than any other company and that will surely be proven if they try to start UK cruises given the fact there’s no sign of the virus disappearing anytime soon.  

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There's a tremendous demand in the financial markets for anything with yield. 

 

Unfortunately, the bailouts have created a climate where risk is often overlooked.  Or just bought out with cheap taxpayer money.

 

(I'm old enough to remember when stock holders would be wiped out in a bankruptcy reorganization, and bond holders would get 25 or 50 cents on their dollar.  That made the art of risk analysis worth real money to an investor.)

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