Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Wanting the market to hammer down some more, so i can bargain shop.
Here are some of my picks so far.
XOM
AAL
GE
F
SNAP
Damn, I wish I got it at $4+, I would have doubled this morning already.
I’m watching to see how much Delta $DAL plummets. If it dips below $20, I may scoop a few shares for a long term hold.
Carnival Sells 8 Percent Stake to Saudis After Dire Financial Warning
Rosie Spinks, Skift
SkiftApril 6, 2020
Carnival Sells 8 Percent Stake to Saudis After Dire Financial Warning
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Carnival Corp. stealthily filed its first quarter earnings on Friday, giving insight into a company on its knees as it faces an unprecedented crisis, and disclosing a long list of risk factors to its business going forward.
The world’s largest cruise company — which has found itself at the epicenter of the Covid-19 crisis with incidents across its fleet — paused sailings on Mar. 13 after both the U.S. State Department and the Centers for Disease Control advised against cruising. It has approximately 6,000 passengers on vessels still at sea, which it is struggling to find ports for, creating a PR nightmare as well as a genuine risk of life to crew and passengers on board.
The company’s share price has been down 80 percent since the beginning of the year. On Monday, shares jumped 25 percent when Saudi Arabia’s public investment fund took a 8.2 percent stake in the company.
Get the Latest on Coronavirus and the Travel Industry on Skift’s Liveblog
“We have never previously experienced a complete cessation of our cruising operations, and as a consequence, our ability to be predictive regarding the impact of such a cessation on our brands and future prospects is uncertain,” Friday’s filing read. “In particular, we cannot predict the impact on our financial performance and our cash flows required for cash refunds of deposits as a result of the pause in our global fleet cruise operations, which may be prolonged, and the public’s concern regarding the health and safety of travel, especially by cruise ship, and related decreases in demand for travel and cruising.”
The Friday afternoon filing was not prefaced with any advance notice to investors or press, nor has a time for an earnings call been announced to discuss the results. Both depart from norms for public companies issuing Securities and Exchange filings. Carnival told Skift on Monday that an earnings call for its first quarter — which ended on Feb. 29 — has not yet been scheduled.
Profit fell from $336 million in the first quarter of 2019, to a loss of $781 million in the first quarter of 2020. Earnings per share were a negative $1.14, compared to $0.48 in the same period last year. The company said that not only were forward bookings for the remainder of 2020 “significantly behind the prior year,” but that even bookings for the first half of 2021 are down. It reported having $4.7 billion in customer deposits as of Feb. 29.
It’s worth noting that the period covered by the filing is before the cruise industry suspended all voyages in mid-March. The company still generated $916 million in cash from its operating activities during the first quarter, indicating that its losses in the second quarter — during which no cruises are likely to sail — could be much steeper.
The company is scheduled to take delivery of 16 new vessels through 2025 — with four of those due this year, now likely delayed, according to the report. The company — which was left out of the U.S. government’s bailout bill — is seeking to raise $6 billion cash, after already maxing out a $3 billion credit facility. It estimates that it needs $1 billion in cash per month to continue operations.
The risk factors listed on the report make for stunning reading, and range from being unable to accept government assistance “without adversely [impacting] our business and operations,” to the lawsuits from passengers onboard the Grand Princess, who are arguing the company did not notify them of prior cases on board the ship, as well as other potential coronavirus-related suits.
The filing also named the company’s ongoing probation obligations for environmental crimes, the result of a plea agreement with the U.S. Department of Justice. “We remain fully committed to satisfying those obligations. However, COVID-19 presents enormous challenges for the Company, which could result in material adverse impacts.”
Then there is mammoth price tag of bringing ongoing cruises to a safe conclusion, which it intends to complete by the end of April; repatriating guests to their homes all over the world; assisting crew who are unable to return home with finding food and housing; sanitizing ships; and enacting new hygiene measures onboard. New health and hygiene requirements imposed by regulators could “may be costly and take a significant amount of time to implement across our global fleet cruise operations.”
Lastly, there’s the optics, which cast genuine doubt on the idea that cruising will bounce back as a sector in the same way that, say, hotels and airlines might once the crisis has abated.
“Due to the outbreak of COVID-19 on some of our ships, and the resulting illness and loss of life in certain instances, we have been the subject of negative publicity which could have a long term impact on the appeal of our brands, which would diminish demand for vacations on our vessels. We cannot predict how long the negative impact of recent media attention on our brands will last, or the level of investment that will be required to address the concerns of potential travelers through marketing and pricing actions.”
I saw this morning where $CCL dipped down to 9 something.
Lol. They’re gonna start a Doo Doo Dubai Instagram special
Lol. They’re gonna start a Doo Doo Dubai Instagram special
$PVH went on a nice little run since Thursday. From $32/share to 42. The SMA 50 is $60 and based onUBS, the price target is $107
Had to look that up - https://tradingsim.com/blog/50-day-moving-average/
I’m liking Skechers $SKX. Currently trading at $24.90. They are announcing Q1 earnings next week.
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A few Bio stocks are having a pretty good day.
$BIOL was up. They are going to help manufacture ventilators.
$TTOO still ain’t doing shit after the announced that $95m common stock offering last week.
I hope the fuck they got a plan in place to capitalize on COVID.
My $BMRA ship finally came in.
$BIOL was up. They are going to help manufacture ventilators.
$TTOO still ain’t doing shit after the announced that $95m common stock offering last week.
I hope the fuck they got a plan in place to capitalize on COVID.
My $BMRA ship finally came in.
Im cautious right now.
This bounce back is too fast for me. Gotta be another dip coming
This bounce back is too fast for me. Gotta be another dip coming
I feel you. I’m satisfied with my little 15-20% gains and then I set a stop loss.
My only long term hold will be $TAP. Mufuckas gone buy beer until the world stop spinning.
its an interesting time... it could go either way.. but Im predicting another nice lil surge by the time the checks roll out..
if you made a nice lil gain.. ten percent or more... most would sell and look for the next quick bull run.
Im gonna wait for these checks to roll out.. personally I would suggest folks take their profits, sit and wait...
but Im a sucker for risk....
if you made a nice lil gain.. ten percent or more... most would sell and look for the next quick bull run.
Im gonna wait for these checks to roll out.. personally I would suggest folks take their profits, sit and wait...
but Im a sucker for risk....
Still climbing.
Lesson learned. Always keep a couple dollars laying around in the holdings account.
That shit at $73 now.
Lesson learned. Always keep a couple dollars laying around in the holdings account.
That shit at $73 now.
This screen shot is the sad but harsh truth about America. This is why I am so passionate about teaching us about investing.
Ltrpb is still going. It’s at $105/share.
if you would have spent $1000 and bought 200 shares this morning when it was at $5, you’d now be sitting on 21K.
if you would have spent $1000 and bought 200 shares this morning when it was at $5, you’d now be sitting on 21K.
Damn. Which I knew. That’s crazy.
LTRPB went through the roof.
Were you able to get in on it?
Nope. I saw it at $7 this morning, thought nothing of it - I mean Trip Advisor? Why would is jump?
Last I saw it was $113, but halted since 1:13pm.
LTRPB was $113 at 2:15pm ten minutes later at 2:25 it dropped 70% to $34. There were some BIG winners and losers today. Even a stop limit wouldn't have protected an investor from that steep of a drop.
BTW, JC Penny is trading at 26 cents. Damn how the mighty has fallen.
I saw they were exploring bankruptcy.
Crazy
So, I just bought 1000 shares of Athersys Inc. at $2.28. I did some research and I am confident that it will bounce back sooner than later. This is one of those times I wish I understood option trading better.
Also, what do y'all think about Delta? We know that at some point, airline travel will return. It may look different, but it will return. Delta is the largest and most stable airline in the world. But it is hurting like all other airlines right now. It's down 61% since February. Basically: 58.72 -->22.75. When the new normal begins and this stock rebounds, a person could easily double their investment.
Thoughts?
Also, what do y'all think about Delta? We know that at some point, airline travel will return. It may look different, but it will return. Delta is the largest and most stable airline in the world. But it is hurting like all other airlines right now. It's down 61% since February. Basically: 58.72 -->22.75. When the new normal begins and this stock rebounds, a person could easily double their investment.
Thoughts?
Tying up cash in long term hoping is not on my radar now. I am strictly day trading until things settle.
Delta is a sure banker. I’m glad you reminded me and I’ll put $3k in it right now.
Catch it In the low 20s if you can. It will get back in the high 30s soon.
I do think Delta gonna be around for another 20-40 years.
If they go out of business it is gonna be something bigger than COVID-19.
If they go out of business it is gonna be something bigger than COVID-19.
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