Rare Ombud Posted October 4, 2022 #26 Share Posted October 4, 2022 23 minutes ago, Thrak said: First bought at $37.05. We've recovered that investment via OBC and dividends. Bought again when it was something like $22. Not anxious to take a bath on that even though it's only 100 shares. I did only buy for the OBC but I'll stick it out and see what happens. Hopefully things will improve one of these days. So I'm curious. Sounds like you have more than 100 shares. Why wouldn't you harvest 100 bought at 37.05 at 7.75 incurring at least a 2,930 loss to write off against other income? Link to comment Share on other sites More sharing options...
SiliconCruiser Posted October 5, 2022 #27 Share Posted October 5, 2022 I'd probably hang onto it until one of those years when I needed to find every tax deduction I could find or when the company goes Chap 7-BU. 1 Link to comment Share on other sites More sharing options...
Thrak Posted October 5, 2022 #28 Share Posted October 5, 2022 1 hour ago, Ombud said: So I'm curious. Sounds like you have more than 100 shares. Why wouldn't you harvest 100 bought at 37.05 at 7.75 incurring at least a 2,930 loss to write off against other income? My income is very simple. There is no actual benefit to itemizing on my return. Link to comment Share on other sites More sharing options...
Rare CineGraphic Posted October 5, 2022 Author #29 Share Posted October 5, 2022 1 hour ago, Bobbiegentry said: Pure fear mongering. The only thing a corporation cares about is profit. When hemorrhaging cash, they find ways to cut back. 400 stockholders on a single two week sailing will cost them $100,000.00. 4 Link to comment Share on other sites More sharing options...
2 cruises a year Posted October 5, 2022 #30 Share Posted October 5, 2022 3 minutes ago, CineGraphic said: The only thing a corporation cares about is profit. When hemorrhaging cash, they find ways to cut back. 400 stockholders on a single two week sailing will cost them $100,000.00. What would happen to the stock price at least in the short term, if all, or at least most of, the "I bought the stock for the OBC" group sold off en mass due to losing the OBC? 1 Link to comment Share on other sites More sharing options...
Rare CineGraphic Posted October 5, 2022 Author #31 Share Posted October 5, 2022 39 minutes ago, 2 cruises a year said: What would happen to the stock price at least in the short term, if all, or at least most of, the "I bought the stock for the OBC" group sold off en mass due to losing the OBC? Carnival 2020 shares outstanding were 0.775B, a 11.99% increase from 2019 Carnival 2021 shares outstanding were 1.123B, a 44.9% increase from 2020 It would take a ton of folks selling off 100 shares to make a dent in numbers this big. 1 1 Link to comment Share on other sites More sharing options...
suzyed Posted October 5, 2022 #32 Share Posted October 5, 2022 (edited) It depends on what it's trading at. I guess I would wait until it was feasible to do so. But yes, I would sell. Edited October 5, 2022 by suzyed Link to comment Share on other sites More sharing options...
teecee60 Posted October 5, 2022 #33 Share Posted October 5, 2022 (edited) 3 hours ago, CineGraphic said: The only thing a corporation cares about is profit. When hemorrhaging cash, they find ways to cut back. 400 stockholders on a single two week sailing will cost them $100,000.00. Martinis "cost" the cruiser $14.00. Martinis "cost" the cruise line less than a buck. $100,000 at "retail." Actual "cost" to the cruise line... I would wager at well under $5,000. The BENEFIT to the cruise line from happy cruisers... PRICELESS. Do you think cruise lines will "cut back" on their comped casino cruises? Not a CHANCE. Edited October 5, 2022 by teecee60 1 Link to comment Share on other sites More sharing options...
Rare Over from NZ Posted October 5, 2022 #34 Share Posted October 5, 2022 3 hours ago, teecee60 said: Martinis "cost" the cruiser $14.00. Martinis "cost" the cruise line less than a buck. $100,000 at "retail." Actual "cost" to the cruise line... I would wager at well under $5,000. The BENEFIT to the cruise line from happy cruisers... PRICELESS. Do you think cruise lines will "cut back" on their comped casino cruises? Not a CHANCE. The thing being however.. most cruisers using OBC would have purchased the martini, the upsell restaurant.. the spin on the roulette etc anyhow.. even if they didn't have the OBC. Yes, you're right.. the cost of the ingredients is a fraction of the cost. However.. the cost of the lost revenue (given they were likely to spend that money anyhow if they didn't have the OBC) is lots. Most of them would cruise the same number of times too.. regardless of receiving the OBC. So ditching the OBD to shareholders isn't probably a bad move. Comped casino cruises - they're aiming for the fools that spend money in the casino. The maths works out very well for the cruiseline. Link to comment Share on other sites More sharing options...
wesport Posted October 5, 2022 #35 Share Posted October 5, 2022 I think they should keep the benefit, but just increase the number of shares you need. Maybe minimum is 250 shares. At this price thats not a big investment. Also would prop up the price. Link to comment Share on other sites More sharing options...
wowzz Posted October 5, 2022 #36 Share Posted October 5, 2022 49 minutes ago, wesport said: Also would prop up the price. In the scale of things (given the number of shares in circulation) it would have zero impact on the share price. 3 Link to comment Share on other sites More sharing options...
cruising.mark.uk Posted October 5, 2022 #37 Share Posted October 5, 2022 9 hours ago, teecee60 said: Martinis "cost" the cruiser $14.00. Martinis "cost" the cruise line less than a buck. $100,000 at "retail." Actual "cost" to the cruise line... I would wager at well under $5,000. The BENEFIT to the cruise line from happy cruisers... PRICELESS. Do you think cruise lines will "cut back" on their comped casino cruises? Not a CHANCE. Exactly. And, certainly in the UK at the moment, Princess if offering all passengers up to $300 per cabin OBC. I sense that, if financial constraints mean cutting OBC, this type of offer will disappear before they even think about cutting shareholder OBC. Link to comment Share on other sites More sharing options...
voljeep Posted October 5, 2022 #38 Share Posted October 5, 2022 13 hours ago, Thrak said: My income is very simple. There is no actual benefit to itemizing on my return. capital gain/loss is not an "itemizing" on your return - if you are thinking about the 'standard deduction' Link to comment Share on other sites More sharing options...
wowzz Posted October 5, 2022 #39 Share Posted October 5, 2022 50 minutes ago, cruising.mark.uk said: And, certainly in the UK at the moment, Princess if offering all passengers up to $300 per cabin OBC. Not on any of the cruises I looked at today. That promotion finished some time ago. Link to comment Share on other sites More sharing options...
fishin' musician Posted October 5, 2022 #40 Share Posted October 5, 2022 I also own OBC qualifying NCL and RCL stock. If CCL OBC went away the competition would become a stronger option for my vacation $$$$. 2 Link to comment Share on other sites More sharing options...
Level six Posted October 5, 2022 #41 Share Posted October 5, 2022 56 minutes ago, fishin' musician said: I also own OBC qualifying NCL and RCL stock. If CCL OBC went away the competition would become a stronger option for my vacation $$$$. Me too! 1 Link to comment Share on other sites More sharing options...
teecee60 Posted October 5, 2022 #42 Share Posted October 5, 2022 (edited) 2 hours ago, fishin' musician said: I also own OBC qualifying NCL and RCL stock. If CCL OBC went away the competition would become a stronger option for my vacation $$$$. 1 hour ago, Level six said: Me too! Agree completely. I cruised exclusively with Celebrity for five years... never less than 14 nights at a time. Their penny wise and utterly pound foolish idea to not allow shareholder OBC to be combined with other benefits 😠 is what caused me to seek greener pastures. Princess gives me an absolute MINIMUM of $500 OBC every time I set foot on one of their ships. (I don't book cruises that are less than 14 nights) I know that $500 OBC "costs" them less than $50 but makes me a very, VERY happy Crooners' Camper. 😄 3 hours ago, cruising.mark.uk said: Exactly. And, certainly in the UK at the moment, Princess if offering all passengers up to $300 per cabin OBC. I sense that, if financial constraints mean cutting OBC, this type of offer will disappear before they even think about cutting shareholder OBC. If that $300 of OBC, (which "costs" them less than 50 bucks) gets them even FIVE bookings, they are MANY thousands of dollars ahead... with opportunities for thousands more spent on board. Edited October 5, 2022 by teecee60 1 Link to comment Share on other sites More sharing options...
Bobbiegentry Posted October 5, 2022 #43 Share Posted October 5, 2022 16 hours ago, teecee60 said: Martinis "cost" the cruiser $14.00. Martinis "cost" the cruise line less than a buck. $100,000 at "retail." Actual "cost" to the cruise line... I would wager at well under $5,000. The BENEFIT to the cruise line from happy cruisers... PRICELESS. Do you think cruise lines will "cut back" on their comped casino cruises? Not a CHANCE. This ☝️ 1 Link to comment Share on other sites More sharing options...
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