spartancruisers Posted May 5, 2020 #101 Share Posted May 5, 2020 2 hours ago, Shawnino said: This is NCL's own filing/release. Nothing to do with the media. Educate yourself. Yea, remember all those crazy fake articles that came out about the deadly virus a couple months ago? 5 Link to comment Share on other sites More sharing options...
GA Dave Posted May 5, 2020 #102 Share Posted May 5, 2020 Anyone want to buy a couple of Cruise Next certain for face value? 😂 2 1 Link to comment Share on other sites More sharing options...
Rare LMaxwell Posted May 5, 2020 #103 Share Posted May 5, 2020 26 minutes ago, Drummer72 said: Frank Del Rio & Genting will not let this happen. Most likely outcome is a PEF (private equity firm) will make a bid for a controlling preferred stock takeover. Then it’s business as usual. Well, it's not really up to them; they will TRY, for sure, but ultimately it's not under their control whether or not they CAN secure loans. But I agree with your likely outcome. Link to comment Share on other sites More sharing options...
Corliss Posted May 5, 2020 #104 Share Posted May 5, 2020 11 minutes ago, tallnthensome said: https://www.google.com/amp/s/www.news4jax.com/news/florida/2020/04/03/is-florida-americas-next-coronavirus-hotspot/%3FoutputType%3Damp way more cases than reported Are you aware that your article is a month old? And that it projects that by May 3 (which was 2 days ago) deaths would be around 174 per day. Yesterday, May 4 Florida had 20 deaths. It has been a huge success....not a hot spot. 8 Link to comment Share on other sites More sharing options...
Rare mking8288 Posted May 5, 2020 #105 Share Posted May 5, 2020 (edited) A side question/comment, has FDR and the senior executive leadership across the NCLH brand taken a pay cut or freeze/suspend their own cash compensation to alleviate the cash, while trimming 20% of the land-based staff. Lead by example - other brand's CEO has taken their messages directly to their customers/supporters & most likely, privately to their employees & crews. This isn't going to business as usual, even if NCL managed to survive and recover, my opinions. There are bigger worries on Wall Street and on Main Streets of America, unemployment rates hitting 20%. Cruising for the millenials might be out of the question for a while, even for ships with reduced capacity. This is worst than waking up from a nightmare ... the threats are for real, in this case for NCL, in stating their own financials. Feel free to disagree, for your convenience. Twenty one years of cruising on NCL. Edited May 5, 2020 by mking8288 3 Link to comment Share on other sites More sharing options...
Rare LMaxwell Posted May 5, 2020 #106 Share Posted May 5, 2020 1 minute ago, Corliss said: Are you aware that your article is a month old? And that it projects that by May 3 (which was 2 days ago) deaths would be around 174 per day. Yesterday, May 4 Florida had 20 deaths. It has been a huge success....not a hot spot. As a Palm Beach County resident I can tell you Florida is not a success story... 3 Link to comment Share on other sites More sharing options...
Rare steveknj Posted May 5, 2020 #107 Share Posted May 5, 2020 So we have two camps here. We have the Debbie Downers who see gloom and doom and we see the Optimistic Ollvias who think things will ultimately be fine. Welcome to the internet people!! To be honest, nobody knows what's going to happen tomorrow, let alone 2 weeks from now. I would not be surprised if someone rescues NCL or the other Cruise Lines. I'm sure there might be investors looking to buy this at pennies on the dollar, but I think there's just as good a chance they wait for bankruptcy and buy the assets rather than the company. Again, we just don't know!!! I'm more on the optimistic side of things, but maybe just hopeful since I have a cruise booked. But, it is what it is. 10 Link to comment Share on other sites More sharing options...
jaja Posted May 5, 2020 #108 Share Posted May 5, 2020 18 minutes ago, billyu said: ' Is that not after final payment? Booked 2019...not sailing till Nov 2020 Link to comment Share on other sites More sharing options...
kwokpot Posted May 5, 2020 Author #109 Share Posted May 5, 2020 8 minutes ago, steveknj said: So we have two camps here. We have the Debbie Downers who see gloom and doom and we see the Optimistic Ollvias who think things will ultimately be fine. Welcome to the internet people!! To be honest, nobody knows what's going to happen tomorrow, let alone 2 weeks from now. I would not be surprised if someone rescues NCL or the other Cruise Lines. I'm sure there might be investors looking to buy this at pennies on the dollar, but I think there's just as good a chance they wait for bankruptcy and buy the assets rather than the company. Again, we just don't know!!! I'm more on the optimistic side of things, but maybe just hopeful since I have a cruise booked. But, it is what it is. You left out the third choice; Factual Franks. By looking at ALL the facts you can make informed decisions. 12 1 Link to comment Share on other sites More sharing options...
ryanc78 Posted May 5, 2020 #110 Share Posted May 5, 2020 NCL isn't going away. They'll restructure and the share holders will take a bath here but the cruises will continue. As others have pointed out they are gathering more investors and there will be plenty of interest from those with deep pockets. This is simply the "next wave" in this COVID storm. Expect to see the same from others in the travel sector as well as those in retail and restaurants. 2 Link to comment Share on other sites More sharing options...
littlelulu01 Posted May 5, 2020 #111 Share Posted May 5, 2020 48 minutes ago, Drummer72 said: PEOPLE this was a SEC filing. Not a press release. Frank Del Rio & Genting will not let this happen. They will secure the loans they need to carry them into 2021. The SEC filing is just a way to try and stay off paying debt. You guys read the headline and drink the “Kool Aid” every time. NCL will survive this. If they do not. No cruise line can survive. another word it too big to fail. Most likely outcome is a PEF (private equity firm) will make a bid for a controlling preferred stock takeover. Then it’s business as usual. Does Genting HK and Apollo even have stake in NCLH anymore? Regardless I can see another big player coming into the picture. I ended up buying some stock when it first went into the $7’s. It’s been fun playing with it. A person could have tripled the investment with the wild swings. More fun than just reading the news. I know it’s risky and no different than gambling and but it has actually made me $. Link to comment Share on other sites More sharing options...
Rare LMaxwell Posted May 5, 2020 #112 Share Posted May 5, 2020 10 minutes ago, PATRLR said: The relationship between NCL and the banks is not relevant to the consumer. Worst case, the banks will need to eat the chargeback. The credit card companies and banks do not need to eat the chargeback; the consumer might though 1 Link to comment Share on other sites More sharing options...
EscapeFromConnecticut Posted May 5, 2020 #113 Share Posted May 5, 2020 32 minutes ago, spartancruisers said: Yea, remember all those crazy fake articles that came out about the deadly virus a couple months ago? Yes, so glad we trusted Hannity and Limbaugh instead ... they assured us deep into March that this was just the sniffles, and man weren't they right?! Exactly as they predicted: we've all forgotten the coronavirus now. So we can laugh at all the sheeple who keep falling for lamestream driveby media hype; much better to stick with the reliable info from Breitbart/Ingraham and the animal network. 3 2 Link to comment Share on other sites More sharing options...
Corliss Posted May 5, 2020 #114 Share Posted May 5, 2020 6 minutes ago, LMaxwell said: Interesting. Can you tell me how I can get a COVID-19 test in Florida? Oh, you're funny...:-) You do know their testing rate is 3rd highest in the nation. 2 Link to comment Share on other sites More sharing options...
Rare PATRLR Posted May 5, 2020 #115 Share Posted May 5, 2020 3 minutes ago, LMaxwell said: The credit card companies and banks do not need to eat the chargeback; the consumer might though If your point is that the consumer will eventually pay in the form of higher bank fees, sure. The consumer always pays in the end. But if your point is that your chargeback may not be honored and you the consumer might never get a refund for that cruise, you would be wrong. If NCL vanishes today, takes off and runs away with the money, whatever - the consumer is not the one left holding the bag, the bank is. Link to comment Share on other sites More sharing options...
susanf31 Posted May 5, 2020 #116 Share Posted May 5, 2020 Sigh. Looks like that's $5000 I won't be getting back. 😞 Link to comment Share on other sites More sharing options...
Rare steveknj Posted May 5, 2020 #117 Share Posted May 5, 2020 17 minutes ago, kwokpot said: You left out the third choice; Factual Franks. By looking at ALL the facts you can make informed decisions. Well, that's true, but do we have ALL the facts? Do we know what maneuvering NCL is doing behind the scenes? Do we know if there's a plan for the Federal government to come to their rescue? We only know what we know. It doesn't look good but a lot of companies emerge from bankruptcy and a lot don't. Again, these are the facts today. Tomorrow there are new facts. The fact was in early March, there are few to no cases of COVID in the states, and the facts today is there is over 1M. 1 Link to comment Share on other sites More sharing options...
npcl Posted May 5, 2020 #118 Share Posted May 5, 2020 To put this into perspective, while it is clearly not good, the filing and the language used is required anytime a company does not have sufficient liquidity for the next year. Not exactly unexpected. Nor does it mean doom is imminent. Only that they will need to raise funds soon. 2 Link to comment Share on other sites More sharing options...
CruisingAlong4Now Posted May 5, 2020 #119 Share Posted May 5, 2020 (edited) Genting and Apollo sold out of NCL in 2018 at $51 share. Current price $11.50 https://www.seatrade-cruise.com/news-headlines/end-era-apollo-genting-hk-cash-out-norwegian-cruise-line-holdings Edited May 5, 2020 by CruisingAlong4Now Link to comment Share on other sites More sharing options...
npcl Posted May 5, 2020 #120 Share Posted May 5, 2020 10 minutes ago, Corliss said: Oh, you're funny...:-) You do know their testing rate is 3rd highest in the nation. Actually Florida is 23rd in testing below the national average. 3 Link to comment Share on other sites More sharing options...
Fido Chuckwagon Posted May 5, 2020 #121 Share Posted May 5, 2020 3 hours ago, Nclcruise1415 said: I'm not about to believe every single article that comes from the media. NCL has been able to put off some loans for up to a year on some of their ships and they're currently working different avenues (like many other lines) to protect and increase capital. As much as you like to read the fear mongering articles you can also find articles that are telling what the lines are doing to protect themselves. This doesn't "come from the media" whatever that means. These are quotes from Del Rio. Link to comment Share on other sites More sharing options...
Rare LMaxwell Posted May 5, 2020 #122 Share Posted May 5, 2020 14 minutes ago, Corliss said: Oh, you're funny...:-) You do know their testing rate is 3rd highest in the nation. We absolutely are not #3 and I was not being facetious. I am glad this is "cute" to you. 5 Link to comment Share on other sites More sharing options...
SeaWatcher65 Posted May 5, 2020 #123 Share Posted May 5, 2020 FUTURE CRUISE CERTIFICATES -- A STRATEGY? Bought 4 so spent $500 for $1000 in certificates. If there is a bankruptcy reorganization, I hope we still get to use it. Two cruises booked using all four certificates - neither one near final payment date. Chase credit card has trip insurance that covers "financial insolvency" of NCL. To have the trip insurance, some portion must have been paid for with the credit card. Maybe I should pay $5 toward each cruise so I have the trip insurance? I'd prefer to actually go on the cruise but might be worth a try. Link to comment Share on other sites More sharing options...
Corliss Posted May 5, 2020 #124 Share Posted May 5, 2020 6 minutes ago, npcl said: Actually Florida is 23rd in testing below the national average. https://www.worldometers.info/coronavirus/country/us/ 3 Link to comment Share on other sites More sharing options...
Roger88 Posted May 5, 2020 #125 Share Posted May 5, 2020 3 hours ago, kwokpot said: Headline just reported on CNBC business news channel. Sounds like the company may be exploring Bankruptcy filing( My assumption bases on reported headline) Many of them will go bankrupt but it wont mean that the company itself will dissapear. As far as I know, they have to go through this procedure in order to avoid paying taxes. They will register under a new name and start operations again like a new company. I might be wrong but filing bankruptcy does not always mean going out of business 1 Link to comment Share on other sites More sharing options...
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