SS/RCCL Finances: Improving, Options, Questions??!!

[crusinbanjo]

46 minutes ago, RetiredandTravel said:

 

How would they take out the debt with 10-12% coupon?  How is diluting the stock a win for existing share holders?

 

https://www.reuters.com/markets/us/fed-economists-sound-alarm-hedge-funds-gaming-us-treasuries-2023-09-13/

 

Very interesting

[highplanesdrifters]

3 hours ago, RetiredandTravel said:

HPD that oil chart looks pretty similar to the 10 year note.  (except this AM)

 

One heck of a jump in the 10 year this a.m.  I guess they were hoping Powell would take out the "one more rate hike this year" statement.  Housing is now officially dead.

 

Repo trade- that takes me back.

[Whinenowine]

3 hours ago, RetiredandTravel said:

 

How would they take out the debt with 10-12% coupon?  How is diluting the stock a win for existing share holders?

 

It's a win to the extent that current stockholders would hold a smaller piece of a stronger company.  Currently they hold a larger piece of a struggling company which may or may not survive.  If RCL goes under they lose 100% of their money (more or less).  So rationally they could conclude that they're better off being diluted. Happens all the time.  The refi itself is easy...they'd issue the convert and immediately take the cash and pay back their pandemic high coupon bonds. 

[RetiredandTravel]

34 minutes ago, highplanesdrifters said:

  Housing is now officially dead.

 

 

 

 

One would think so not many people going to sell those houses with 3% mortgages.  Hope this isn't pushed too far.

 

35 minutes ago, Whinenowine said:

It's a win to the extent that current stockholders would hold a smaller piece of a stronger company.  Currently they hold a larger piece of a struggling company which may or may not survive.  If RCL goes under they lose 100% of their money (more or less).  So rationally they could conclude that they're better off being diluted. Happens all the time.  The refi itself is easy...they'd issue the convert and immediately take the cash and pay back their pandemic high coupon bonds. 

 

 

Got ya.  So its a win if the reduced interest expense's positive impact on the stock price offsets the dilution?  I'm not very familiar with RCLs bond structures.    If I'm a bond holder with a 12% coupon unless I'm obligated I'm only going to be interested in selling at the yield that RCL bonds are currently trading at (premium over 100).  If the bonds aren't callable or maturing can RCL just pay back the bonds at par or would they have to entice the bondholders to sell with paying a premium, any differential between the yield currently and the 12% coupon? RCL did issue a private convert a while back.  Hopefully they can soon just pay off some debt without refinancing.  Interesting conversation.

 

https://www.prnewswire.com/news-releases/royal-caribbean-group-announces-pricing-and-upsizing-of-1-billion-senior-convertible-notes-offering-to-refinance-existing-convertible-notes-301597445.html

 

 

 

[highplanesdrifters]

 

[jpalbny]

Definitely getting lower! Might have to rethink my retirement plans...

[Dolcevita Diva]

At least one RCL executive seems to be feeling confident.  Their EVP and Chief People Officer just purchased a $9 million home from a former member of the Miami Heat:
 https://www.miamiherald.com/news/business/real-estate-news/article279554189.html

[TLCOhio]

27 minutes ago, Dolcevita Diva said:

At least one RCL executive seems to be feeling confident.  Their EVP and Chief People Officer just purchased a $9 million home from a former member of the Miami Heat:
 https://www.miamiherald.com/news/business/real-estate-news/article279554189.html

 

Yes, to our South Florida friend, that Royal Caribbean executive buying a $9 million home is either very confident.  Or, not displaying good financial judgement?  Which is correct????  I did look at the Miami Herald story and the pictures of this home reflect super nice luxury.  Cool home!

 

But, based on the last two days, her RCL stock is feeling some serious "PAIN".  From the Wall Street Journal chart below, you can see that trading was seriously down, DOWN for this stock in the most recent two days.  Not a good sign?  Or, just a short-term slide?   

 

More later today.  Predictions and guesses for RCL and the cruise stocks? 

 

THANKS!  Enjoy!  Terry in Ohio

 

Lisbon, NWSpain, Bordeaux/Brittany: Live/blog, June 2017 from Portugal to France along scenic Atlantic Coast on the Silver Spirit.  Now at 33,900 views.  Many pictures, details for history, food, culture, etc.:

www.boards.cruisecritic.com/showthread.php?t=2511358

[TLCOhio]

Have you heard the term "Black Friday"?  Not as in a holiday sale saving you money.  

 

From the Wall Street Journal, below are their charts from this past week's trading for the three major cruise lines.  Just from Royal Caribbean, they slide from a high Tuesday morning at $98.80 down, DOWN to late this afternoon to $91.05.  That's a negative nearly 8% in just four days.  At the end of today's trading, RCL bounced a little back up to $91.20.

 

Just today, Norwegian was down nearly 8%.  Clearly something is happening out there for stocks, especially in the cruise industry.  Is it about oil prices and/or a recession being viewed as getting closer?  Slower consumer demand?  All of above?  Any other smart guesses and/or future predictions?  Or, was this just one strange, unusual week?

 

THANKS!  Enjoy!  Terry in Ohio

 

Panama Canal? Early 2017, Fort Lauderdale to San Francisco adventure through Panama Canal.  Our first stops in Colombia, Central America and Mexico, plus added time in the great Golden Gate City. Now at 32,381 views.

http://boards.cruisecritic.com/showthread.php?t=2465580

 

From the Wall Street Journal during the past five trading days, below are their charts for the three major cruise lines.  Can things get more negative?:

(Open your screen/viewer wider to see these visuals larger/better!)

 

 

 

Also from the WSJ, here are their broader-market S&P 500 Index trends during this past week, plus over the most-recent one month period.  Is downward a good way to summarize the pattern for values?:

 

[Whinenowine]

16 hours ago, TLCOhio said:

Have you heard the term "Black Friday"?  Not as in a holiday sale saving you money.  

 

From the Wall Street Journal, below are their charts from this past week's trading for the three major cruise lines.  Just from Royal Caribbean, they slide from a high Tuesday morning at $98.80 down, DOWN to late this afternoon to $91.05.  That's a negative nearly 8% in just four days.  At the end of today's trading, RCL bounced a little back up to $91.20.

 

Just today, Norwegian was down nearly 8%.  Clearly something is happening out there for stocks, especially in the cruise industry.  Is it about oil prices and/or a recession being viewed as getting closer?  Slower consumer demand?  All of above?  Any other smart guesses and/or future predictions?  Or, was this just one strange, unusual week?

 

THANKS!  Enjoy!  Terry in Ohio

 

 

Not sure I can read too much into it, as the whole market got slapped down.   But I'm a bit of a pessimist these days and think there is more pain to come, especially in discretionary sectors (like the cruise lines).  I think the consumer is NOT in as good shape as people seem to think because economists look at 'averages'.  But I think the averages are skewed by the "haves" spending a lot (revenge consumption) and that's hiding the fact that the "have-nots" are really getting screwed by inflation.  My fear is that this persist and become more evident going into 2024.  And if we see anything other than a soft landing, I think the rush to spend lots of money on travel will screech to a halt. Good for those of us upset by the dramatic increase in the cost of travel these days....but bad for the stocks.

[TLCOhio]

5 hours ago, Whinenowine said:

Not sure I can read too much into it, as the whole market got slapped down.   But I'm a bit of a pessimist these days and think there is more pain to come, especially in discretionary sectors (like the cruise lines).  I think the consumer is NOT in as good shape as people seem to think because economists look at 'averages'.  But I think the averages are skewed by the "haves" spending a lot (revenge consumption) and that's hiding the fact that the "have-nots" are really getting screwed by inflation.  My fear is that this persist and become more evident going into 2024.  And if we see anything other than a soft landing, I think the rush to spend lots of money on travel will screech to a halt. Good for those of us upset by the dramatic increase in the cost of travel these days....but bad for the stocks.

 

Great summary and points made by our neighbor in New Jersey.  I also have a feeling of cautious "realism" that there are challenges ahead for our economy.  Agree that certain numbers of people have had pent-up demand and cash.  For how much longer, however, is the key billion-dollar question.

 

Your wise point on "averages" is also very important.  This "catch-up" cannot last for too much longer.  I think that is what the Wall Street experts are considering as they down-shift with this previous optimism for the cruise lines' future.  It will be interesting to watch and follow.  

 

THANKS!  Enjoy!  Terry in Ohio

[TLCOhio]

From a Wall Street Journal financial news website this morning, they had this headline: “These Are The 12 Stocks Driving The S&P 500 Higher In 2023I” with these highlights: “The S&P 500 is up 12.5% so far in 2023, even with the stock market in a correction.”

 

As shown below both Carnival and Royal Caribbean have done well, so far, for 2023. What direction for the rest of 2023??

 

For Royal Caribbean, they detailed: "RCL stock has cruised 84.6% higher this year, but has retreated 7.8% in September. Royal Caribbean stock suffered with sharp losses in the week ended Sept. 22.  After three years of pandemic-related losses, Royal Caribbean turned a profit in Q2 2023, with strong earnings seen for the year and solid growth in 2024."

 

Full story at:

https://www.investors.com/news/sp-500-the-12-stocks-driving-the-index-higher-in-2023/?src=A00619&refcode=aflMarketWatch

THANKS!  Enjoy!  Terry in Ohio

 

From late 2018, see “Holy Lands, Egypt, Jordan, Oman, Dubai, Greece, etc.”, with many visuals, details and ideas for the historic and scenic Middle East. Now at 22,064 views.  Connect at:
www.boards.cruisecritic.com/topic/2607054-livenautica-greece-holy-lands-egypt-dubai-terrypix’s/

[TLCOhio]

27 minutes ago, Mr Luxury said:

Terry,I predict smooth seas ahead for RCCL and Carnival.  I'm not quit so optimistic about Crystal or Azamara 😉 

 

Good, interesting perspective from Mr. Lux.  But, here is the challenge.  Azamara is now a part of Sycamore Partners, a private equity firm based in New York specializing in consumer, distribution and retail-related investments.  This group owns retailers such as Staples, Talbots, Belk department stores, etc., etc.  However, being private equity, we are not able to see their quarterly and various public reports on sales, profits, etc.  Right?  Crystal is also privately held, too.  Correct?

 

Hard to make comparisons!!!  Both RCCL and Carnival are very "public" with their reports and operating details being shared.  

 

Your predictions could be 100% correct.  Recent reports of Crystal sailing with small numbers could reflect, except for a certain number of early "die-hard fans", that many consumers still do not trust them, yet.  

 

This morning, all three of the cruise stocks were down significantly.  September is turning out, no surprise, to being a less than positive month for many stocks.  

 

THANKS!  Enjoy!  Terry in Ohio

 

Summer 2019 Calgary, Jasper/Banff National Parks, Western Canada Rocky Mountaineer rail adventure, Vancouver, sailing up to Alaska on Silver Muse, post-cruise excursion to Denali, etc.  Many visuals, Our firsts in these scenic areas!  Now at 19,832 views. Live/blog: 

https://boards.cruisecritic.com/topic/2682584-live-terryohio-silver-muse-alaska-canadarockies-pix’s/

[TLCOhio]

On 9/25/2023 at 10:45 AM, Mr Luxury said:

Indeed Terry.  Manfredi still has to get the finance to put new build orders in place and then how long after that could a new ship materialise.  Crystal can't rely on their old guard cruisers to fill the ships.  Many are now getting on in years and looking at pictures of the two ships the decor is dated and accommodation is small.  Azamara ships are old too but would still be a viable option in the lesser line group like Tui,Thomson,and some of the Mediterranean lines.  As you say we can't see the good or bad books of a private company easily.

 

Appreciate the great above summary and follow-up by Mr. Lux.  Lots of excellent points and questions.  

 

From the Wall Street Journal today, they had this headline: “Cruise Stocks Fall After Carnival Warns on Rising Fuel Costs” with these highlights: “Shares of cruise operators fell after Carnival warned that rising fuel prices are weighing on the company's earnings.  Shares of Carnival fell almost 7%, to $13.46, in afternoon trading. Royal Caribbean stock fell nearly 3% while Norwegian Cruise Line shares fell about 4%.”  See the early afternoon chart for Carnival as an example.  

 

More later today for all three stocks.  

 

Here is more from this afternoon WSJ reporting:  "The company is working on reducing fuel use by making its fleet more efficient and the routes of its voyages less fuel intensive.  Higher sales offset the spike in fuel prices, which Carnival is forecasting will rise another 20% in the current quarter. For the fourth quarter, Carnival is forecasting an adjusted loss of 10 cents a share to 18 cents a share, compared with the loss of 11 cents a share that analysts were expecting."

 

Good news for the cruise lines??

 

Full story at:

https://www.wsj.com/articles/cruise-stocks-fall-after-carnival-warns-on-rising-fuel-costs-ddf60461

 

THANKS!  Enjoy!  Terry in Ohio

 

Early 2020, many visuals and details from New Zealand/South Pacific in going from Auckland to French Polynesia.  This includes Bora Bora, Fiji, NZ experiences, etc:  Live/blog:

https://boards.cruisecritic.com/topic/2735732-live-terryohio-“new”-regatta-south-pacificnz-pix’s/

[TLCOhio]

From the Wall Street Journal late this afternoon, below are the charts for the three major cruise ship companies.  

 

Rocky?  Yes!  Violent swings at times?  Looks that way.  And today was a "Black Friday", especially for Carnival.  There was some mild recovery and rebound later in the afternoon today.  But, overall, it was week going through rough seas. Correct or not??

 

As noted earlier, the concerns for future fuel prices are a serious question and issue.  Any predictions?

 

THANKS!  Enjoy!  Terry in Ohio

 

Canada 2022/2023: Scenic visuals, details from Canada Maritimes (Nova Scotia, New Brunswick, Prince Edward Island, Cape Breton Island).  Plus, new from Aug. 2023, exploring historic/charming Quebec City.    Visual/Info Summaries:

www.flickr.com/photos/196555480@N08/albums

 

From the Wall Street Journal for this past week, here are the charts for the three major cruise line corporations.  Reactions?:

(Open your screen/viewer wider to see these visuals larger/better!)

 

 

 

For the past month, here has been the downward trend for the overall S&P 500.  As often happens in September, things tend to slide negative during this month.  Right or wrong?:

 

For comparison purposes during the past month, here has been the Royal Caribbean trend during this longer period.:

 

[TLCOhio]

After yesterday's negative stock slide, where is the economy and stock market headed and moving for the final quarter of 2023?  

 

From the New York Times yesterday, they had this headline: “Wall Street on Edge After Worst Month of the Year" with this sub-headline:  "A series of potential problems, including rising oil prices and labor strikes, have prompted a much warier mood among investors.”

 

Here are some of the analysis highlights: “The stock market staggered to the end of its worst month of the year so far, dragged down by fears of a looming government shutdown, striking autoworkers, surging oil prices and the prospect of interest rates remaining high for longer than previously thought. Combined, they are darkening the outlook for the economy.  The S&P 500 declined almost 5 percent in September, its steepest monthly drop in 2023, and extending a more modest loss recorded in August. After fading on Friday afternoon, the index also notched its fourth straight week of losses, its longest losing streak of the year.”

 

How do these factors affect "consumer confidence" and future bookings for the cruise lines?  Much was summarized by Steven Wieting, chief investment strategist at Citi Global Wealth, with this comment: “There is just a lot of uncertainty.”

 

Full story at:

https://www.nytimes.com/2023/09/29/business/wall-street-stocks-bonds.html

 

THANKS!  Enjoy!  Terry in Ohio   

 

Barcelona/Med: June 2011, with stops in Villefranche, ports near Pisa and Rome, Naples, Kotor, Venice and Dubrovnik. Great visuals with key highlights, tips, etc. Live/blog now at 257,044 views.

https://boards.cruisecritic.com/topic/1362155-solstice-livefirst-timer-reportspix’s-italycroatian-june-7-19/

[TLCOhio]

From a financial news website this morning, they had this headline: “Carnival books first post-COVID profit but stock dives after outlook disappoints” with these highlights: “The company swung to fiscal third-quarter net income for the quarter to Aug. 31 of $1.07 billion, or 79 cents a share, from a loss of $770 million, or 65 cents a share, in the same period a year ago.  Excluding nonrecurring items, adjusted earnings per share for the quarter to Aug. 31 of 86 cents, which compared with a per-share loss of 58 cents last year, beat the FactSet consensus of 75 cents.”

 

Below is the Carnival chart early afternoon today.  Hanging in there for these rocky waters?

 

Full story at:

https://www.marketwatch.com/story/carnival-books-first-profit-since-before-covid-as-revenue-reached-a-record-high-6ffd6939

 

THANKS!  Enjoy!  Terry in Ohio 

 

Norway Coast/Fjords/Arctic Circle cruise from Copenhagen, July 2010, to the top of Europe. Scenic visuals with key tips. Live/blog at 249,011 views.

https://boards.cruisecritic.com/topic/1172051-livesilver-cloud-norway-coastfjords-july-1-16-reports/

[TLCOhio]

From the Wall Street Journal late this morning, below is their chart showing how sharply Royal Caribbean has slid downtown today.  Similar negative moves for the other two cruise lines.  The overall market is negative now, but not dropping this sharply.  What is happening and why?

 

Predictions for the rest of this week and the balance of October?

 

THANKS!  Enjoy!  Terry in Ohio

[TLCOhio]

Was this past week "wild" for the stock market??  From the Wall Street Journal late this afternoon, below are their charts for the three major cruise lines during the most recent five trading days.  

 

Can you remember a recent time when things were this "rocky" and confusing?  What about for next week and later in October? Where is it all headed?  And, into November and December?  For early 2024?

 

THANKS!  Enjoy!  Terry in Ohio

 

Sydney to NZ/Auckland Adventure, live/blog 2014 sampling/details with many exciting visuals and key highlights.  On page 23, post #571, see a complete index for all of the pictures, postings.  Now at 245,589 views.

https://boards.cruisecritic.com/topic/1896175-solstice-live-australianzhawaii-many-pix’s-jan-20-feb-3/

 

From the Wall Street Journal for this past week, here are the charts for the three major cruise line corporations.  Reactions and predictions for the future weeks?:

(Open your screen/viewer wider to see these visuals larger/better!)

 

 

[TLCOhio]

From the Wall Street Journal earlier this past week, they had this headline: “Carnival Is Feeling Pinch of Higher Fuel Costs, May Raise Prices" with this sub-headline:  "The cruise giant aims to grow and pay down debt. As fuel costs soar, the company is looking to raise prices over hedging or a surcharge.”

 

Here are some of their reporting highlights: “Carnival has regained some of its footing after the pandemic brought the cruise industry to its knees, and is looking to further increase growth as it pays down debt. But the cruise giant is feeling the pinch from soaring fuel prices. The Miami-based company last week posted its first profit since before the Covid-19 pandemic. Carnival, however, forecast a larger than anticipated loss for its fourth quarter as fuel costs, which surged nearly 30% in the third quarter, weigh on the company’s earnings. Higher fuel costs, along with unfavorable currency exchange rates, for Carnival translate to an expected net impact of $130 million in the last three months of the company’s current fiscal year.”

 

Ouch!!!   Both rising fuel cost and unfavorable exchange rates.  It is challenging being either a CEO or CFO with a major cruise lines.  Rising costs?  Rising prices?  What can go wrong?  Plus, waiting for when and how deep the economy goes south?

 

Full story at:

https://www.wsj.com/articles/carnival-is-feeling-pinch-of-higher-fuel-costs-may-raise-prices-672f9653?mod=hp_minor_pos7

 

THANKS!  Enjoy!  Terry in Ohio

 

Venice: Loving It & Why??!!  Is one of your future desires or past favorites? See these many visual samples for its great history and architecture.  This posting is now at 107,189 views.

http://boards.cruisecritic.com/showthread.php?t=1278226

[TLCOhio]

From MSN News and a financial news website this morning, they had this headline: “Royal Caribbean, Carnival can (and could) add fuel surcharge” with these highlights: “Both Royal Caribbean and Carnival Cruise Line have often faced accusations that they 'nickel and dime' passengers. That's essentially a criticism that the two cruise lines keep finding new ways to charge for things onboard that were once included.  Carnival Cruise Line added a fee for every MDR entree after the second one when the previous policy had been unlimited food.  Royal Caribbean not only cut a number of 'classic' items from its daily MDR menus it also charges for a second lobster tail (and any after that) on formal night, when unlimited lobster used to be included.  Now, with oil prices rising, Carnival CEO Josh Weinstein floated the idea of a fuel surcharge in response to a question during the cruise line's third-quarter earnings call.  While you would think that the price you agree to when you book a cruise would be the price you pay, that's not always the case. Carnival and Royal Caribbean reserve the right to pass on changes in taxes and certain fees to their customers.”

 

Hopefully, even with Royal Caribbean being the owner in charge, Silversea does NOT slap on added fuel and/or any other "creative" charges.  Then, also, today things got less stable and more challenged in Middle East with the Hamas attacks on Israel.  If escalated, that could affect oil prices in the world.  Right or wrong?

 

Full story at:

https://www.msn.com/en-us/travel/news/royal-caribbean-carnival-can-and-could-add-fuel-surcharge/ar-AA1hQ7ta

 

THANKS!  Enjoy!  Terry in Ohio

 

Amazon River-Caribbean 2015 adventure live/blog starting in Barbados. Many visuals from this amazing river and Caribbean Islands (Dutch ABC's, St. Barts, Dominica, Grenada, San Juan, etc.).  Now at 72,945 views:

https://boards.cruisecritic.com/topic/2076101-live-amazon-river-caribbean-many-pix’s-terryohio/

[highplanesdrifters]

On 10/6/2023 at 2:25 PM, TLCOhio said:

Can you remember a recent time when things were this "rocky" and confusing?

Yes, the last 15 years.

 

On 10/6/2023 at 2:25 PM, TLCOhio said:

What about for next week and later in October? Where is it all headed?  And, into November and December?  For early 2024?

After Friday I got the dartboard out. Beats the hedgies every time. 😅 

[TLCOhio]

15 hours ago, highplanesdrifters said:

Yes, the last 15 years.  After Friday I got the dartboard out. Beats the hedgies every time. 😅 

 

Appreciate these great comments and follow-up from highplanesdrifters.  YES, sad, but true, reactions as to the challenges for investing these days.  Dartboard versus your smart brain??  Not easy choices!! 

 

If you are a cruise company executive, they will love reading this story from the Wall Street Journal this morning.  It has this headline: “The U.S. Economy’s Secret Weapon: Seniors With Money to Spend" with this sub-headline:  "Americans 65 and older account for record share of spending and are less susceptible to interest rates.”

 

Here are some of their reporting details and highlights: “Why has consumer spending proven so resilient as the Federal Reserve has raised interest rates? An important and little-appreciated reason: Consumers are getting older.  In August, 17.7% of the population was 65 or older, the highest on record going back to 1920 and up sharply from 13% in 2010. The elderly aren’t just more numerous: Their finances are relatively healthy and they have less need to borrow, such as to buy a house, and are less at risk of layoffs than other consumers.  This has made the elderly a spending force. Americans age 65 and up accounted for 22% of spending last year, the highest share since records began in 1972 and up from 15% in 2010.”

 

According to Susan Sterne, chief economist at Economic Analysis Associates, she noted:  "Our large share of older consumers provides a consumption base in times like today when job growth slows, interest rates rise and student-debt loan repayments begin again.”   This WSJ report concludes: "Seniors’ high spending propensities reflect health, wealth and perhaps lingering psychological effects of the pandemic."

 

WOW!!  We are a big demographic factor and are important spending/economic players!!  Yes, the cruise lines understand these factors at play for their and our economic future.  Reactions?  Right or wrong?

 

Full story at:

https://www.wsj.com/economy/consumers/us-economy-seniors-spending-money-d9f529c5?mod=hp_lead_pos2

 

THANKS!  Enjoy!  Terry in Ohio

 

Athens & Greece: Visuals, details from two visits in a city and nearby with great history, culture and architecture.  Now at 58,929 views.

http://boards.cruisecritic.com/showthread.php?t=1101008

[TLCOhio]

From a Wall Street Journal-connected financial news website this afternoon, they had this headline: “Carnival’s stock drops toward four-month low as Israel-Hamas exposure fears weigh: with this sub-headline:  "Carnival’s stock has the least exposure to Israel of the big three cruise operators, but is getting hit the hardest.”

 

Here are some of their reporting highlights: “Of the big three cruise operators, Carnival Corp. has the least cruise exposure to Israel, but its stock is getting hit the hardest — enough to put it on track for a four-month closing low.  Wells Fargo analyst Daniel Politzer estimates that the biggest cruise-related impact of Hamas’s surprise attack on Israel over the weekend is to Royal Caribbean Group, which had 14 planned sailings scheduled from Israel through the end of the year. Next is Norwegian Cruise Line with 10 scheduled sailings, followed by Carnival CCL, -4.64% with six.   For the first half of 2024, Royal Caribbean has 15 sailings from Israel scheduled, Norwegian has six and Carnival has 10."

 

Below shows today's Royal Caribbean stock movement compared to the previous four trading days.  Big drop!!

 

We feel fortunate to have been able to visit Jerusalem and Palestine in late 2018.  Fascinating history, culture, architecture, etc., there.  Glad to have been able to "check that box" for visiting there.  Now, it would be challenging!  Sadly!!

 

Full story at:

https://www.marketwatch.com/story/carnivals-stock-drops-toward-four-month-low-as-israel-exposure-fears-weigh-e0a52f18

 

THANKS!  Enjoy!  Terry in Ohio

 

AFRICA?!!?: Fun, interesting visuals, plus travel details from this early 2016 live/blog. At 55,026 views. Featuring Cape Town, South Africa’s coast, Mozambique, Victoria Falls/Zambia and Botswana's famed Okavango Delta.

www.boards.cruisecritic.com/showthread.php?t=2310337

[TLCOhio]

Royal Caribbean and the other two cruise lines have seen their stocks bounce back nicely this morning after the shock of the Israel invasion, etc.  Good news??  Hopefully!!  See below this for RCL: 

 

THANKS!  Enjoy!  Terry in Ohio

 

Kotor/Montenegro:  Various visual samples, tips, details, etc., for this scenic, historic location. Over 52,941 views.

http://boards.cruisecritic.com/showthread.php?t=1439193