The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Does it need feel all too predictable. OPEC cuts oil production at their meeting tomorrow, fuel price goes up, CCL goes down… ok let’s see. Like many I’m playing the swings with good success and out this afternoon perhaps momentarily
I can’t see how Miami office would not be aware of the situation before press activity, and then why they would suddenly want to intervene.
As for why they are doing this, you’d suspect cruise ships are benchmarking crew pay to that of the wider industry including cargo ships etc. They must believe their benefits package is far too strong, so much so that staff would not massively benefit jumping ship elsewhere.
Right, so if things were logical an increase in price reduces demand... yet crude oils price was already dropping end of last week due to a drop in demand. Will we see a bigger drop?
I don’t see this being a problem, cruise ships will dock outside city centres or in nearby towns and there will still be plenty of tourism opportunities. The model works for other cities, Le Havre -> Paris, Greenock -> Glasgow
From what I see interest rates look to stay higher for longer than previous estimates, which hits someone like CCL, this doesn't correlate with yesterday's news in USA inflation is coming down quicker than forecast. Still believe the general direction is up for the share