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This week wasn’t a particularly good one for the owners of cruise line stocks, what with Royal Caribbean’s tumbling 15 percent on Tuesday off news that the current quarter (and 2015 as a whole) would fall short of what analysts had been expecting. As often happens in these scenarios, other stocks in the same sector took hits as well, with both Norwegian and Carnival seeing their shares fall around 8 percent. Despite this fact, we still kinda love owning stock in our favorite cruise line… and here’s why!
1. Own what you love
There’s something kinda cool about owning a piece, no matter how small, of something that brings you a whole lotta joy. Heck, an entire industry has sprung up over single-shares of Disney stock!
2. You can earn onboard credits
Many companies offer real-world benefits to their stockholders, including on-board credits! For example, travlers who own at least 100 shares of Carnival Cruise Line stocks can earn up to $250 in credits. A little research into your favorite line’s benefits might give you an added incentive to invest!
3. Cruising is a growth industry
According to a December, 2015 report from the Cruise Lines International Association (CLIA), 24 million passengers are expected to sail in 2016, “a dramatic increase from 15 million just 10 years prior.” With new ships being rolled out every few months, the demand is clearly on the rise. And while we’re no economic experts, we understand that being on the right side of the supply/demand equation tends to be a winning proposition!
4. Two words: dividend checks!
Remember earlier, when we mentioned earning onboard credits? Well, we like to think of dividend checks as sort of pre-board credits, because you can immediately cash those puppies and apply them to the cost of your next cruise!
5. Lower prices could lead to a better payday
Obviously, playing the stock market is a lot like that other activity favored by many cruisers: gambling. Which is why no one should ever risk money they can’t afford in either venue. But for those looking to dabble, the whole “buy low/sell high” thing would certainly imply that this could be a good time to look into cruise stocks. Although, as investment houses always warn, “past performance is no guarantee of future results.”
Do you own cruise line stock?