Saudi Arabia bought a huge stake in Carnival Cruise Lines

[JambaKrantu]

Saudi Arabia Bought a Huge Stake in Carnival

The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in the embattled cruise line Carnival.

Public Investment disclosed that it owns 43.5 million Carnival shares (ticker: CCL) as of Monday in a form filed with the Securities and Exchange Commission. The fund’s investment amounts to an 8.2% stake in the cruise line. It is now Carnival’s third-largest shareholder, according to S&P Capital IQ.

[JambaKrantu]

Carnival up 15% today

[bhaigan]

Good Saudi Arabia came to rescue US in this dire situation

2008 financial crisis appudu kuda middle east billionaires helped US

 

[JambaKrantu]

19 minutes ago, bhaigan said:

Good Saudi Arabia came to rescue US in this dire situation

2008 financial crisis appudu kuda middle east billionaires helped US

 

Yes bro but more than rescue they want to take advantage of the situation. They know that Carnival's stock will from 8 to 32 in 1 to 2 years there by quadrupling their investment.

[psycopk]

1 minute ago, JambaKrantu said:

Yes bro but more than rescue they want to take advantage of the situation. They know that Carnival's stock will from 8 to 32 in 1 to 2 years there by quadrupling their investment.

They brought money for high rate 12% anuduke didnt consider investing.. rcl is better bet

[JambaKrantu]

2 minutes ago, psycopk said:

They brought money for high rate 12% anuduke didnt consider investing.. rcl is better bet

I invested 5k in both RCL and CCL. Once a vaccine is out next year, cruising will resume and there is a lot of potential for these stocks to quadruple in 2 years.With Saudi's propping up CCL, I don't see them going bankrupt. Saudi's will not let their investment become 0. Remember the more the risk the more the reward. Don't invest all your money in these 2 stocks but may be 5% and be prepared to lose this 5% worst case scenario but I don't think it will happen. 

[psycopk]

Just now, JambaKrantu said:

I invested 5k in both RCL and CCL. Once a vaccine is out next year, cruising will resume and there is a lot of potential for these stocks to quadruple in 2 years.With Saudi's propping up CCL, I don't see them going bankrupt. Saudi's will not let their investment become 0. Remember the more the risk the more the reward. Don't invest all your money in these 2 stocks but may be 5% and be prepared to lose this 5% worst case scenario but I don't think it will happen. 

The current job loss will have lasting impact on tourism sector.. backing off from these for now.. may be after 6months will consider

[JambaKrantu]

3 minutes ago, psycopk said:

The current job loss will have lasting impact on tourism sector.. backing off from these for now.. may be after 6months will consider

Bro, these are temporary job losses. There are no underlying causes, once a treatment plan or vaccine is out in 2 to 3 months, things will return to normal.

[psycopk]

1 minute ago, JambaKrantu said:

Bro, these are temporary job losses. There are no underlying causes, once a treatment plan or vaccine is out in 2 to 3 months, things will return to normal.

I doubt it... 

[karthik25]

Appudu kerala floods appudu they were willing to donate a huge sum of money to Kerala.. Mana Modi saab enduko vaddu ani cheppadu.. happy ga teesukovachu ga

[kevinUsa]

14 minutes ago, karthik25 said:

Appudu kerala floods appudu they were willing to donate a huge sum of money to Kerala.. Mana Modi saab enduko vaddu ani cheppadu.. happy ga teesukovachu ga

India stopped taking aid from foreign countries for disasters since congress time 

In recent times, Indian government has on various occasions refused to take foreign aid for management of natural disasters like 2004 Indian Ocean tsunami, 2013 Uttarakhand floods, 2014 Kashmir floods, and 2018 Kerala floods.^[3]

[karthik25]

12 minutes ago, kevinUsa said:

India stopped taking aid from foreign countries for disasters since congress time 

In recent times, Indian government has on various occasions refused to take foreign aid for management of natural disasters like 2004 Indian Ocean tsunami, 2013 Uttarakhand floods, 2014 Kashmir floods, and 2018 Kerala floods.^[3]

reason?

[kevinUsa]

18 minutes ago, karthik25 said:

reason?

national strategy to say that they can support themselves 

[Android_Halwa]

46 minutes ago, karthik25 said:

Appudu kerala floods appudu they were willing to donate a huge sum of money to Kerala.. Mana Modi saab enduko vaddu ani cheppadu.. happy ga teesukovachu ga

India does not accept donations for natural calamities and emergencies. This has been the state policy for decades, not sure when it started but it has been the same case. 

[Android_Halwa]

22 minutes ago, karthik25 said:

reason?

 

3 minutes ago, kevinUsa said:

national strategy to say that they can support themselves 

Brajesh Patel, former NSA...oka interview lo cheptadu, 1998 Nuclear tests tarvata there were international sanctions and andulo foreign aid mida kuda sanctions petinaru ani, and frustrated by this, India stopped accepting cash donations...however aid in other forms has been there but cash donations directly aithe ledu...but I read somewhere that even before that too India did not accept cash donations as foreign aid..!