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🦧 cruising on a 9-month high

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🦧 cruising on a 9-month high

Ape of Omaha
Feb 9
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🦧 cruising on a 9-month high

www.wiseape.fyi

📝 a post-earnings +7% rush

RCL 0.00 (royal caribbean cruises) reported expectation-beating numbers by a huge margin for q4 2022

  • revenue jumped 165% to ~$2.6b from a year ago – this was partly because cruising activities were just that low in 2021 (the factset consensus was pretty much around the same at $2.6b)

  • but it's the net loss figure that came in at $500.2m – net loss per share (yes, despite the killer report, the company is still at a loss) went down from $5.33 to $1.96 a share

 
 

💪 cruise is finally coming back

  • ceo jason liberty said on tuesday that they are experiecing "a booked position approaching previous record highs and at higher prices"

  • sure, that’s just the company management saying it, so we may need to take it with a grain of salt, but cfo of AXP 0.00 (american express) gave a hint in january that spending on travel and entertainment (aka pandemic-deferred vacations" is "just off the charts"

  • imo: the cruise industry might be going through a long-term recovery rather than just a short term spike (not just RCL 0.00 but also CCL 0.00 and NCLH 0.00)

 
 

👀 so far this year

*as of writing
  • RCL 0.00: up 52%

  • CCL 0.00: up 49%

  • NCLH 0.00: up 43%

  • s&p 500: up 8%

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💡 something im thinking about

instagram co-founders are building artifact, "tiktok for text" (click image)

as always, i’m no financial advisor! (i’m no substitute for professional financial services)
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🦧 cruising on a 9-month high

www.wiseape.fyi
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