Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...
Posted by OFX AUD - Australian Dollar The Australian dollar plunged through trade on Thursday as investors' appetite for risk soured, prompting a flight to haven assets. Having touched early morning highs just shy of 0.70 US cents the AUD came under sustained selling pressure throughout the day as investor optimism surrounding … Continue reading "Australian dollar plunges lower as uncertainty floods markets"The post Australian dollar plunges lower as uncertainty floods markets appeared first on ....
Whoever invested in Royal Caribbean (RCL) a month ago has seen returns in the shape of 45%. As liquidity boosting measures have been put in place, and cruise lines are aiming to resume operations later in the year, optimism has sent these stocks soaring. Zoom out though, and on a year-to-date basis, RCL is still sinking 59% into the red.This fact indicates how far the industry has fallen since the pandemic’s onset. As further evidence of the struggles faced by cruise lines in these COVID-driven times, barely a month after Royal Caribbean sold over $3 billion in senior secured notes at high interest rates to raise cash, the cruise ship operator is raising additional funds to keep it afloat.The embattled cruise line is tapping the hole in the wall by pricing $2 billion in bonds and convertible notes. Looking more closely at the offerings, they are split in two: $1 billion...
