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Why Cruise Line Stocks Plunged Again Today

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Host Mike:
"On Wednesday, Morgan Stanley analyst Jamie Rollo said in a report that he was worried that cruise line companies could ultimately face insolvency if their business conditions don't improve soon. And on Thursday, Citi leisure and travel sector analyst James Hardiman said during an interview on Yahoo! Finance Live that cruise companies are facing "some pushback on pricing," especially as ships get closer to operating at full capacity.

At the same time, operators are facing higher expenses due to rising labor costs, high fuel prices, and rising interest rates. So it's understandable that the market is skeptical about their futures."

https://www.nasdaq.com/articles/why-cruise-line-stocks-plunged-again-today

RichC:
Oh well, at this point I'll only be out less than $900 if it drops to zero.
Considering I'm getting $250 on my next cruise it's worth holding on to it.
But I doubt I'd buy any more as an investment.

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