Become an Owner/VAC Shareholder

[Saintsfanfl]

The problem with buying travel stocks now is we haven’t even gotten to all the lawsuits yet. I would stay completely away from cruise companies. This is big enough to completely change the way cruises are managed permanently.

 

[Luvtoride]

The problem with buying travel stocks now is we haven’t even gotten to all the lawsuits yet. I would stay completely away from cruise companies. This is big enough to completely change the way cruises are managed permanently.

And if these companies take government assistance as many of them undoubtably will, the future of the companies ownership, equity and debt to the government is unknown.


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[DavidnRobin]

I heard that it is hard to sue a cruise line because they are registered in other countries, and also under maritime law while in international waters.


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[Saintsfanfl]

I heard that it is hard to sue a cruise line because they are registered in other countries, and also under maritime law while in international waters.


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The largest cruise company in the world has (did have) 92,000 employees, is based in Miami Florida, and is traded on the NYSE.

The second largest cruise company in the world had 80,000 employees, is based in Miami Florida, and is traded on the NYSE.

The third largest cruise company in the world had 33,000 employees, is based in Miami Florida, and is traded on the NYSE.

It is definitely true that it does get complicated based on the ship flag and where the “loss” occurred, but cruise lawsuits happen all the time. I was thinking though more on the lines of industry wide changes coming and not a specific individual lawsuit. Those are still coming though for those that ended up stuck on a boat that had an outbreak that could have been prevented. No matter who ends up winning it is going to be extremely costly for the cruise company.

If some level of this is the new normal, does the passenger density of discount cruises even make sense anymore? They were already regularly suffering from norovirus and other outbreaks before this even started.

 

[AlmostRetired]

A piece of our MF goes to the management of our timeshare or points. We all have a vested interest in the success of VAC. I have no opinion on what the value of the stock should be now or in the long term. In 2008, the timeshare industry took a significant hit. Quality resale timeshares and seasons were at record lows for a while. I think this time it will be the same. This will impact VAC sales by creating significantly lower priced values as competition. VAC might not have the capital for big time ROFR if this happens. Personally, if I invest into the travel industry, it is not going to be areas of discretionary or emotional spend with long term commitment like VAC. Cruises, airlines and hotels will be fine with me, based on my success with investing, this would suggests loading up on VAC.

 

[DavidnRobin]

The largest cruise company in the world has (did have) 92,000 employees, is based in Miami Florida, and is traded on the NYSE.

The second largest cruise company in the world had 80,000 employees, is based in Miami Florida, and is traded on the NYSE.

The third largest cruise company in the world had 33,000 employees, is based in Miami Florida, and is traded on the NYSE.

It is definitely true that it does get complicated based on the ship flag and where the “loss” occurred, but cruise lawsuits happen all the time. I was thinking though more on the lines of industry wide changes coming and not a specific individual lawsuit. Those are still coming though for those that ended up stuck on a boat that had an outbreak that could have been prevented. No matter who ends up winning it is going to be extremely costly for the cruise company.

If some level of this is the new normal, does the passenger density of discount cruises even make sense anymore? They were already regularly suffering from norovirus and other outbreaks before this even started.

A simple - ‘yes they can’ would have sufficed, but thanks for the detailed info. I mentioned it because I have read multiple reports of people that tried suing cruise lines that had a lot of barriers due to reasons stated in my post.


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[Saintsfanfl]

A simple - ‘yes they can’ would have sufficed, but thanks for the detailed info. I mentioned it because I have read multiple reports of people that tried suing cruise lines that had a lot of barriers due to reasons stated in my post.


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You are right. It has to be low hanging fruit for an attorney to want to do it and that is going to be a personal injury lawyer with lots of cruise litigation experience.

This new situation is just bizarre and totally unknown where it is headed. You still have cruises at sea trying to find a port and when they do nobody wants anyone off without taking several weeks to do it carefully. I did not predict what has occurred but I did tell my DW in early March, "Why are people still getting on cruises and sailing?". I didn't understand it.

 

[DavidnRobin]

Coast Guard Tells Cruise Ships With COVID-19 Cases To Stay Away From U.S. Ports

By registering ships in the Bahamas and other countries, many companies can avoid U.S. laws. The Coast Guard says they should seek medical aid from those countries rather than rely on the U.S.

www.npr.org

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