RE: Cruise stocks3 Jun 2020 19:42
Interesting. Fundamentally for me, this is a play on whether you think that the variety of potential vaccines, antibody tests, and support treatments will be enough to take back control of the virus. If you think yes, and yes in the short term (with confidence for cruises by Q4), then it’s probably good value. We know they are currently burning $1bn a month so have enough to see out a max of circa 12 months, but a strong recovery in Q4 and for 2021 will make a huge difference with their loyal following Everyday I read stories that cover a second wave, through to vaccines struggling with their trials because the virus is dying out - which story you believe probably dictates your investment decision. MS have clearly stated their opinion....but how sure can they really be? Anyway, I continue to use newsflow to dictate my investment in CCL so I am not in a place of saying I hold irrespective of newsflow, - but I hope it comes good, because it will likely mean we are back in control which would be a great thing for so many reasons. GLA whatever your views. I am certainly not smart enough to get it right all the time....and frankly this is unchartered waters we find ourselves in.