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I just checked my "fantasy stock" purchase of seaworld. I purchase the stock online 2014 right after the stock had fallen due to blackfish and was about 17 dollars. I anticipated minimal fall out from the killer whale controversy. The stock was actually flat and had losses through 2017. It wasn't until just the last few years that the stock has begun to pick up again. It's hard to predict what people will get upset about. I don't see how keeping a killer whale in a large pool is much different then keeping a lion or gorilla in some small cage in a zoo.👍 3Comment
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...SIX and FUN are solid and profitable dividend companies that have lost over half their value yet have very minimal upkeep if they stay closed (no pilots, medical, captains, etc to pay... no expensive insurance suits on the horizon for corona spread, etc). The coaster parks only have a few key admins and biz ppl, mechanics and engineers (very minimal losses in quarters they are closed), they will be able to borrow at low rates if they needed to (doubt it), and they won't miss a beat even if their whole 2020 summer is cancelled. Most of their customers are the under 50 who won't be affected much by corona, their employees are largely seasonal and students anyways, and they aren't going to have to lose or pay heavy for skilled workers like other industries will. The coaster parks are actually affordable and attractive driving vaca options for hundreds of millions of Americans... air and ship travel, esp international, will likely have a black eye for years to come with all the bad pub. The parks have flourished in past recessions.... cheaper to drive the fam a couple hours to Wisc Dells or Cedar Point than to fly them to NYC or Paris👍 3Comment
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Something I have been looking at is ARKK ETF--technology ETF run by ARK investments. Largest holding is Tesla--started buying some shares a few days ago. This is of course a small position but suspect may be profitable in a few years. Just an idea.
BTW-good luck, and lots of thoughts and prayers to those directly taking care of the COVID patients. I have, and it's been somewhat stressful the past few days.👍 1Comment
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Something I have been looking at is ARKK ETF--technology ETF run by ARK investments. Largest holding is Tesla--started buying some shares a few days ago. This is of course a small position but suspect may be profitable in a few years. Just an idea.
BTW-good luck, and lots of thoughts and prayers to those directly taking care of the COVID patients. I have, and it's been somewhat stressful the past few days.
...I agree TSLA will survive and come out on the other side, though... even if they flounder, govt will cont to prop them up. As for other tech, we shall see. Most have minimal upkeep in terms of physical stuff, but they have many high paid programmers and designers who they can only pay to work from home for so long if they aren't selling much of their goods. GOOG and FB will be fine from selling ads, but some of the physical tech places selling home gadgets or vehicles or fancy phones or hardware or other luxury stuffs will hit snags if shutdowns and bad economy are prolonged.Comment
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I’m accumulating shares in CCL (carnival) and JETS. Five years from now you have to imagine these would have rebounded but who knows.👍 2Comment
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TDOC - telemedicine has a lot of promise and good outlook.
AMD - good product with a lot of market share it can capture.
BA -Boeing down 70% is a bit much for one of two airline makers in the world with 4 years of back log orders...
REITs right now are being hammered as well. Good to buy a few of those if your looking to get high dividends.
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Also I imagine CCL might slash dividends if this keeps up. I would guess that would hurt it's value quite a bit.Comment
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Curious to your thoughts for a single cruise line but a airline ETF? I agree cruising and air travel are going to bounce back but I do not know which companies.
Also I imagine CCL might slash dividends if this keeps up. I would guess that would hurt it's value quite a bit.Comment
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I wouldn't risk boeing right now. The news articles that I am reading are saying the company may fold unless they get government assistance. Since 2008, I don't think that the public or the Republicans who railed against it are going to allow some corporate assistance package pass under their name. If they go bankrupt, the creditors and employees may get something but the shareholders are usually wiped out. I also question the companies fundamentals given their mismanagement of that 737 max business. The US may not like it, but there are other non-US companies out there that can build planes.Comment
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I wouldn't risk boeing right now. The news articles that I am reading are saying the company may fold unless they get government assistance. Since 2008, I don't think that the public or the Republicans who railed against it are going to allow some corporate assistance package pass under their name. If they go bankrupt, the creditors and employees may get something but the shareholders are usually wiped out. I also question the companies fundamentals given their mismanagement of that 737 max business. The US may not like it, but there are other non-US companies out there that can build planes.👍 1Comment
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I wouldn't risk boeing right now. The news articles that I am reading are saying the company may fold unless they get government assistance. Since 2008, I don't think that the public or the Republicans who railed against it are going to allow some corporate assistance package pass under their name. If they go bankrupt, the creditors and employees may get something but the shareholders are usually wiped out. I also question the companies fundamentals given their mismanagement of that 737 max business. The US may not like it, but there are other non-US companies out there that can build planes.👍 2Comment
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Id make a strong argument BOEING is one of if not America's most important company. Its one of our top exports. (and we own most of the supply chain as well). Huge manufacturing located in a lot of both BLUE and RED states. 1 of only 2 plane makers in the world. Once you get past food and water, airplanes seems fairly high on that priority lists. Its to big to fail. They will bail it out everytime IMO.👍 1Comment
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